Personio

Personio is a German software company headquartered in Munich. The company develops software that simplifies or automates HR management processes for smaller companies. As a business-to-business (B2B) product, Personio had more than 6,000 customers in Germany and other countries as of 2022, most of which were small and medium-sized enterprises.

With a valuation of $8.5 billion, Personio was one of the most valuable unicorns in Germany.

The company currently has around 2100 employees[1] and offices in Munich, Berlin, London, Barcelona, Madrid, Dublin, Amsterdam and New York.

History

Personio was founded in 2015 by Hanno Renner, Ignaz Forstmeier, Roman Schumacher and Arseniy Vershinin, all of whom had studied at the Technical University of Munich.[2] The company emerged from a program of the Center for Digital Technology and Management.[3] The cloud-based software was primarily used by other start-up companies in the early days, and was thus able to cover a market niche. Personio's software is provided for a subscription payment and can simplify or completely automate processes in the area of human resource management.[3]

In October 2021, Personio announced a new round of financing in the amount of $230 million.[4] Investors included various venture capitalists from the United States such as Greenoaks Capital Partners, Altimeter and Alkeon Capital.[2] In June 2022, Personio announced another series E funding round of $250 million.[1]

References

  1. ^ a b Martin, Iain (21 June 2022). "German HR Startup Personio Raises $200 Million". Forbes. Retrieved 5 July 2022.
  2. ^ a b "Münchener Start-up Personio ist jetzt 5,5 Mrd. Euro wert". Capital.de (in German). 2021-10-12. Retrieved 2022-02-04.
  3. ^ a b Martin-Jung, Helmut. "HR-Software: Wie Personio zum zweitwertvollsten Start-up Europas wurde". Süddeutsche.de (in German). Retrieved 2022-02-04.
  4. ^ Lunden, Ingrid (2021-10-11). "Personio, an HR platform for SMEs, raises $270M on a $6.3B valuation, expands into workflow automation". TechCrunch. Retrieved 2023-04-26.