Personio

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) company, Personio had more than 5,000 customers in Germany and other countries as of 2021, most of which were small and medium-sized enterprises. With a valuation of $6.3 billion, Personio was one of the most valuable unicorns in Germany.[1]

History

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.[2] The company emerged from a program of the Center for Digital Technology and Management.[3] 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.[3]

In October 2021, Personio announced a new round of financing in the amount of 230 million euros. Investors included various venture capitalists from the United States such as Greenoaks Capital Partners, Altimeter and Alkeon Capital.[2]

References
  1. Wirtschaftswoche. "Start-up für Personal-Software: Personio ist jetzt 6,3 Milliarden Dollar wert". www.wiwo.de (in German). Retrieved 2022-02-04.
  2. "Münchener Start-up Personio ist jetzt 5,5 Mrd. Euro wert". Capital.de (in German). 2021-10-12. Retrieved 2022-02-04.
  3. Martin-Jung, Helmut. "HR-Software: Wie Personio zum zweitwertvollsten Start-up Europas wurde". Süddeutsche.de (in German). Retrieved 2022-02-04.
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