Personio, a German startup that offers a HR management and recruiting platform, has closed $12 million in Series A funding. European VC Northzone led the round, with participation from existing investors, such as Rocket Internet’s Global Founders Capital (GFC) and Picus Capital. The Munich-based company plans to use the funding to further develop its Software-as-a-Service and become a leader in the HR software space for small and medium-sized (SME) companies.
Founded in 2015 and “bootstrapped” to nearly 100 customers in the first one and a half years, before taking a seed round from Global Founders Capital and a few business angels last summer, Personio now claims over 400 customers and counts over 50 employees. SMEs use the platform to manage all of their HR and recruitment processes, benefiting from what the startup describes as a single view of employee management.
“On the highest level we are digitizing HR and Recruiting for SMEs to reduce administrative workload and allow HR managers to work on value-adding topics,” Personio co-founder and CEO Hanno Renner tells TechCrunch. “More specifically we are building an end-to-end HR Operating System that covers all processes along the employee life-cycle (recruit, manage and develop)”
The…