Personio Nabs

History

2022: Raising $200 million in investments and an estimate of $8.5 billion

On June 22, 2022, Personio Nabs, which develops human resources tools, raised $200 million in funding and was valued at $8.5 billion, making it one of the most expensive startups in Europe.

The Series E round, led by Greenoaks Capital Partners, as well as other unnamed investors.

HR service founded by Russian raised $200 million and was valued at $8.5 billion

The funding received will be used to further expand the client base, which has more than 6 thousand companies with a total of more than 500 thousand employees, as well as improve the platform, in particular, to create additional automation tools to improve the work of companies with internal operations.

The startup was founded in 2015, the headquarters by June 2022 is located in Munich. Among the founders is Arseny Vershinin, who grew up in the Irkutsk region and studied at MIPT. The company develops a human resource management and recruitment platform designed to serve small and medium-sized organizations. The company's platform offers a complete candidate control system, digital employee files, document and contract management, attendance tracking, absence management services, payroll calculation and payment, and performance management services, enabling customers to digitize and simplify labor-intensive HR processes.

We see that the needs of small and medium-sized companies are very different from the needs of large corporations, and the solutions they require are also different, "said Personio CEO and Co-Founder Hanno Renner. It's not just about the money they're willing to spend on IT, it's about investing in staff. Corporate solutions require special personnel who are engaged only in the implementation and management of the tool. We are introducing it in a couple of weeks, without requiring additional resources to operate it. These types of solutions are just very different.[1]

Notes

Шаблон:Remarks