In the past few years, HR tech startups have gained notable momentum in Europe. One such startup that has made a name for itself is Munich-based Personio. Back in January last year, the startup raised €67.5M in a funding round and fast forward just a year later, it has now secured €103.6M in its latest funding round. Here’s what the company is up to and what it intends to do with the freshly acquired funds.
Funds to accelerate development and further international expansion
The latest funding round of €103.6M for Personio was led by the company’s existing investor Index Ventures, which has previously supported notable software companies such as Slack, Dropbox and Zendesk to their IPO. Other existing investors like Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital and Picus also participated in the funding round. Meritech is a new investor in the company.