Hogan Lovells advised Personio GmbH on a USD 75 million Series-C financing round.
The financing round is led by international venture capital investor Accel. In addition to the previous investors Index Ventures, Northzone, Global Founders Capital and Picus Capital, international venture capital firm Lightspeed Venture Partners and Lars Dalgaard are also investing in the Munich start-up, which has been offering integrated HR software for small and medium-sized companies since 2015.
With the additional capital, Personio intends to further develop its cloud-based software and further advance its rise to Europe’s leading HR operating system for recruiting, personnel management and payroll accounting for small and medium-sized companies.
Personio is the all-in-one HR software for small- and medium-sized companies. Based in Munich, Madrid and London, Personio’s mission is to make HR processes as transparent and efficient as possible so HR can focus on the most valuable assets in the company: the people.
Hogan Lovells team for Personio included Dr. Volker Geyrhalter (Picture), Cornelius Naumann (Senior Associate), Thiemo Woertge (Senior Associate), Dr. Julian Fridrich (Associate) (all Corporate, Munich).
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