intelligent

FINANCE | SALES & MARKETING | CUSTOMER EXPERIENCE | HR SOLUTIONS ersonio , the all-in-one HR platform , has announced US $ 125 million of new and pre-emptive Series D funding in an investment round that values the business at US $ 1.7 billion .

The new funding will accelerate the further international expansion of the software company , supporting its ambition of becoming Europe ’ s leading HR platform for SMEs . It follows a strong year of growth for the business in 2020 , which saw it double revenues despite adverse market conditions .

Personio offers an all-in-one HR software for small and medium-sized companies with 10 to 2,000 employees . Its mission is to make HR processes as transparent and efficient as possible so HR can focus on the most valuable assets in the company : the people . Personio ’ s software includes human resources , recruiting and payroll , and supports all core HR processes . Personio is already helping more than 3,000 SMEs across Europe unlock their productive potential by digitising and automating their people operations .

The new capital will enable Personio to increase its expansion across Europe

BY FURTHER

EXPANDING OUR PLATFORM , WE ’ LL CONTINUE TO SUPPORT OUR CUSTOMERS IN TACKLING THEIR CURRENT CHALLENGES AND BEYOND . and focus on the further development of its cloud-based software , as it aims to build Europe ’ s leading HR operating system for recruiting , personnel administration and payroll for small and medium-sized companies . Personio ’ s plans for the coming year include :

• Further enhancing and deepening the product ’ s core capabilities , to cover more processes that support HR teams in their daily work and streamline people operations across their organisations

• Launching the Personio Marketplace with new integrations in Q1 that will allow customers to automate workflows across tools like Slack , Microsoft Teams and other HRrelated software

• Continuing fast growth across Germany , Austria and Switzerland , while doubling down its investments in markets that the business successfully entered in 2020 , such as Spain , UK and Ireland , the Nordics and Benelux . In 2021 it will also enter new markets , including France and Italy

• Doubling international headcount from 500 to 1,000 by the end of 2021 , across its four offices in Munich ( HQ ), Madrid , London and Dublin , where its new international sales and engineering hub has been established

Hanno Renner , Co-founder and CEO of Personio , said : “ While the past year has proven difficult for many industries and businesses , it has at the same time accelerated the digitisation of small and mid-sized businesses . It has also showcased the important role of HR teams , especially while so many of us continue to work remotely . We are grateful for a strong year in which we could grow to serve over 3,000 European SMEs . By further expanding our platform , we ’ ll continue to support our customers in tackling their current challenges and beyond .” �