Personio announced $125M in Series D funding led by existing investor Index Ventures

Personio, a Munich, Germany-based software developer of HR solutions, announced that it completed a $125M capital round in Series D funding.

The money was raised from investors led by existing shareholder Index Ventures and values the business at $1.7 billion. Existing investors Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital and Picus also contributed in the round, joined by Meritech.

Proceeds will be used for further international expansion of the software company

Personio, founded in 2015 by CEO Hanno Renner, offers an all-in-one HR software for small- and medium-sized companies with 10 to 2,000 employees. 

Personio’s software includes human resources, recruiting and payroll and supports all core HR processes every business needs to do. The company works with more than 3,000 customers across Europe helping digitize and automate their people operations.