Personio
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| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2015 |
| Founders | Hanno Renner, Jonas Rieke, Roman Schumacher, Arseniy Vershinin |
| Headquarters | Munich, Germany |
Area served | Worldwide |
Key people | Hanno Renner (CEO) |
| Products | HR management software |
Number of employees | 2100 (2022) |
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
[edit]Personio was founded in 2015 by Hanno Renner, Jonas Rieke, 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.[4] 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.[5] 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
[edit]- ^ a b Martin, Iain (21 June 2022). "German HR Startup Personio Raises $200 Million". Forbes. Retrieved 5 July 2022.
- ^ a b "Münchener Start-up Personio ist jetzt 5,5 Mrd. Euro wert". Capital.de (in German). 2021-10-12. Retrieved 2022-02-04.
- ^ a b Martin-Jung, Helmut. "HR-Software: Wie Personio zum zweitwertvollsten Start-up Europas wurde". Süddeutsche.de (in German). Retrieved 2022-02-04.
- ^ "HR and Payroll Software, the True All-in-One". microkeeper. Retrieved 2024-07-22.
- ^ 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.