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