• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Expansion

Accel leads $75m series-C for Personio

  • Harriet Matthews
  • Harriet Matthews
  • 21 January 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Accel Ventures has led a $75m preemptive series-C round for Germany-based HR software developer Personio.

Lightspeed Venture Partners also participated in the round, along with business angel Lars Dalgaard and previous investors Index Ventures, Northzone Ventures, Global Founders Capital (GFC) and Picus Capital.

Harry Nelis, partner at Accel, will join Personio's board.

Personio

  • DEAL:

    Expansion

  • VALUE:

    $60m

  • LOCATION:

    Munich

  • SECTOR:

    Software

  • FOUNDED:

    2015

  • STAFF:

    350

The fresh capital will be used to back the opening of a London office for clients in the UK and Ireland. It also aims to double its headcount to 700 in 2020.

Unquote sister publication Mergermarket reported that Personio is also contemplating strategic acquisitions of companies involved in tech or software-based services in the HR segment. The company acquired Spain-based payroll service Rollbox in March 2019.

Mergermarket also reported that the company may seek an IPO in three to five years' time.

Accel backed the €260m series-C round for Germany-based Celonis in November 2019, as reported by Unquote. The GP is currently deploying from funds including Accel London VI, which held a final close in May 2019 on $575m. The vehicle generally writes equity cheques of $5-15m.

Previous funding
In July 2016, GFC and Picus backed a €2.1m seed round for Personio.

Northzone led a €10.5m series-A funding round for Personio in August 2017, with Participation from GFC and Picus.

In January 2019, Index led a $40m series-B round for the company, which saw further participation from Northzone and GFC.

Personio said in a statement that it has raised a total of $130m since its inception.

Company
Personio provides software that aims to digitise HR processes in SMEs, including processes such as attendance and performance tracking, and recruiting tools. Personio had 400 clients in 30 countries in 2017 and now claims to have 2,000 clients across more than 40 countries. Its client base includes Project A Ventures, HelloFresh, Freeletics and Raisin, according to its website.

The company is based in Munich and now has a London office. It was founded in 2015 and employs 350 staff. Personio's software sales have almost tripled in the past 12 months, according to a statement.

People
Personio
– Hanno Reiner (co-founder and CEO).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Expansion
  • DACH
  • Technology
  • Venture
  • Germany
  • Accel Ventures
  • Index Ventures
  • Northzone

More on Expansion

Wealth managers and financial advisers
Blackstone takes minority stake in Groupe Premium

Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn

  • Expansion
  • 31 July 2023
Risk and compliance management services
e-Attestations aims to triple size with new Keensight backing

Keensight is investing in the risk management platform via its EUR 1bn fifth fund, which closed in 2019

  • Expansion
  • 25 July 2023
Bolt-ons and buy-and-build platforms
The Bolt-Ons Digest - 3 July 2023

Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more

  • Expansion
  • 03 July 2023
Valentina Vitali of Limerston Capital
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies

UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given

  • GPs
  • 07 June 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013