The HR platform Personio has announced $125 million of new and preemptive Series D funding in an investment round. The funding was led by existing investor Index Ventures. Personio’s other existing investors, including Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital, and Picus – participated in this round too.
The funding raised the company’s valuation up to $1.7 billion. The funding will help it accelerate further expansion as the company is looking to become Europe’s leading HR platform for SMEs.
Hanno Renner, Co-Founder and CEO of Personio said: “This preemptive investment comes earlier than we had anticipated, as we’re still well-funded from our previous round in January 2020. Such strong interest and support from our investors demonstrates not only the value of Personio’s offering, but also the huge potential the business has for further development and growth in the future. We are only scratching the surface of the market potential.”
The funding comes quickly as a follow up to a strong year of growth, which saw it double revenues despite adverse market conditions. The funding comes within twelve months of its $75 million Series C funding in a round led by Accel, and brings Personio’s total investment figure to over $250 million.