German HR and recruiting platform Personio raises $40M Series B led by Index


 

By Steve O’Hear

Personio, the German HR and recruiting platform, has raised $40 million in a Series B funding. Leading the round is London-based Index Ventures, with participation from existing investors Northzone and Rocket Internet’s Global Founders.

Founded in 2015, Munich-based Personio has set out to build an “HR operating system” for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees. The cloud-based software is designed to power all of a company’s HR and recruiting processes, either via the product’s own core functionality or through its ability to integrate with third-party software.

“We believe in the benefit of a holistic HR solution that covers the entire employee life cycle, while its functionalities need to adapt to individual customer requirements and processes,” Personio co-founder and CEO Hanno Renner tells me.

Read More:
https://techcrunch.com/2019/01/17/personio-series-b/

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