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) company, 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 has around 2100 employees.[1]

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. 1 2 Martin, Iain (21 June 2022). "German HR Startup Personio Raises $200 Million". Forbes. Retrieved 5 July 2022.
  2. 1 2 "Münchener Start-up Personio ist jetzt 5,5 Mrd. Euro wert". Capital.de (in German). 2021-10-12. Retrieved 2022-02-04.
  3. 1 2 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.
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