Personio: German HR Startup Raises $200M at $8.5B Valuation

Personio – German HR software startup has raised $200 million in its series E round at an increased valuation of $8.5 billion led by Greenoaks Capital.

Last year, the company had raised $270 million at a valuation of $6.3 billion led by Greenoaks Capital. Since its foundation in 2015, the company has achieved a valuation of $1.7 billion early last year following Celonis and Sennder valuing each at over $1 billion.

The company aims to use its funds to continue to grow (a) its customer base which now includes 6,000 companies covering over 500,000 employees (b) to enhance its platform with more automation tools to help companies efficiently run their internal operations.