Index Ventures leads $125m round for Personio

New investor Meritech Capital co-led the round alongside Index, according to a statement.

Also participating in the round were Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital and Picus Capital.

The latest round values the company at $1.7bn and it has now raised $250m in funding, Personio said in a statement.

Personio intends to use the fresh capital to expand in Europe and to develop its software platform. The company also hopes to expand its team from 500 to 1,000 staff in 2021.

Previous funding
Global Founders and Picus backed a €2.1m seed round for Personio in July 2016.

Northzone led a €10.5m series-A funding round for Personio in August 2017, investing alongside existing backers Global Founders and Picus.

In January 2019, Index led a $40m series-B round for Personio, deploying equity via Index Ventures IX. Northzone and Global Founders also participated.

Accel led a $75m series-C round for Personio in January 2020, investing via Accel VI. Also backing the round were Lightspeed Venture Partners, business angel Lars Dalgaard, Index, Northzone, Global Founders and Picus.

Company
Founded in 2015, Personio is an HR software platform that allows companies to manage HR operations including recruiting, employee development and workflow. The company is based in Munich and has additional offices in Madrid, London and Dublin. Personio employs 500 people; it employed 350 staff at the time of its previous funding round in January 2020.

People
Personio – Hanno Renner (co-founder, CEO).
Meritech Capital – Alex Clayton (general partner).
Accel – Harry Nelis, Andrei Brasoveanu (partners).
Index Ventures – Martin Mignot (partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Index Ventures
• Accel Ventures
• Northzone