Personio offers recruiting, payroll, people management, development and training, workflow automation and other HR tools tailored to SMBs. Its platform emphasizes self-service integration and low need for dedicated IT staff. The company has grown to serve 6,000 customers covering over 500,000 employees and has expanded integrations to about 100 third-party apps. Personio has added workflow automation and made acquisitions (including German startup Back) to broaden ticketing and knowledge-management capabilities. Management says it doubled revenues since the October close and plans to continue enhancing automation and expanding its customer base. The company remains focused on customers with 10–2,000 employees and does not intend to move upmarket into large-enterprise targets. Personio provides an all-in-one HR platform for SMEs that includes recruiting and onboarding, payroll, absence tracking and other core HR functions. The company targets businesses with roughly 10–2,000 employees and reports 5,000 customers, up from 3,000 in January. Personio plans to expand its product into "people workflow automation," adding connectors and automation (using machine learning and robotic process automation) to speed HR-driven workflows across other apps. Management argues this will let Personio automate repetitive HR tasks like contract issuance and app access provisioning and could extend into automation beyond HR over time. The company says the SME market it targets contains roughly 1.7 million businesses, indicating substantial room for growth. Personio is Munich-based and is positioning its platform as a Workday-like suite for SMEs while moving into automation capabilities. Personio is a German startup that builds an all-in-one HR platform for small- and medium-sized businesses (10–2,000 employees), covering recruiting, onboarding, payroll, absence tracking and other core HR functions. The product is designed to digitize HR processes for SMEs that often still use spreadsheets or pen and paper, positioning Personio as a Workday-like solution tailored for much smaller organizations. Over the past year the company doubled its revenues and now serves about 3,000 SMEs in Europe. Personio had substantial cash from prior fundraising and was not actively seeking capital when it raised new funds. The company plans to use the funding to continue building out product functionality and to expand its presence across Europe. Leadership emphasizes increasing adoption among a large untapped SME market—more than 25 million European SMEs—by providing integrated tools for remote recruiting, contract signing and onboarding. Personio provides a cloud-based HR operating system that combines human resources, recruiting and payroll and can integrate with third-party software. The product targets SMEs ranging from 10 to 2,000 employees and automates repetitive HR tasks to free up HR staff for higher-value work. The company says its customer base has tripled in the past 12 months to almost 2,000 customers across more than 40 countries. Headcount has more than doubled to over 350 employees and is projected to reach 700 by the end of 2020. Personio was launched in 2015 and has attracted both startup and traditional SME customers. The new capital will support expansion into the U.K. and Ireland, including establishing a new office in London to better serve those clients. Personio provides a cloud-based HR and recruiting platform designed as an 'HR operating system' for SMEs with 10–2,000 employees. Its product covers core HR and recruiting processes—recruiting, onboarding, time-off management, payroll—and can integrate with third-party software via an open API. The company emphasizes workflow automation to reduce repetitive tasks and to distribute HR processes across managers, executives and employees. Personio focuses on 'bread-and-butter' HR functionality while allowing customers to choose integrated vertical solutions for industry-specific needs. It plans to use recent funding to expand into further regions, significantly grow its product and engineering teams, and potentially open a new office to facilitate hiring. The platform claims more than 1,000 clients in 35 countries and manages over 150,000 employees plus several hundred thousand applicants.

Total raised

$724M

Funding rounds

7

Latest round

Series E

Latest activity

Jun 2022