HR tech platform Hibob scores $150m

Hibob-tech-platform-SeriesD-funding-HR-management

Hibob, a tech-enabled HR platform, has raised an additional $150m in Series D funding, bringing its total funding to $424m.

The round was led by General Atlantic and Bessemer Venture Partners with participation from existing investors.

Founded in 2015, Hibob describes itself as “the modern HR platform for modern business.” The company offers a HR platform that helps dynamic teams of in-office and remote workers. Its tools include payroll, onboarding, time and attendance, compensation, and more.

Founded by Ronni Zehavi and Israel David with the idea that the employee experience and role of HR needed to evolve, Hibob now boasts 2,500 customers and has recently opened an office in Berlin to serve the DACH region, successfully expanded into new office spaces in London and New York, and have plans to continue expanding our reach in the US and Europe before the end of the year.

Hibob said that the need for flexible HR platforms to manage people in times of uncertainty and change has become even more critical to business success than ever before. This has led to a boom in growth for the sector.

The capital will be used to drive global expansion and innovation around “the Bob offering”. In a blog post on its website, the company said that it will “continue listening to our customers who trust us to deliver the digital tools for their business success.”

“Acknowledging that people are at the heart of business success, HR professionals are asking how they can help create an engaging, high-performance culture that drives the whole business forward. It is no longer about where and when people work but about creating a consistently positive environment conducive to productivity and longevity. That means managing all types of work, flexible staffing models, and introducing all types of incentives that drive long-term engagement.  It also means injecting a little fun into the workplace,” Hibob added.

The company previously raised $70m in its Series B funding round in December 2020, which was led by SEEL and Israel Growth Partners.

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