https://techcrunch.com/2021/10/11/personio-an-hr-platform-for-smes-raises-270m-on-a-6-3b-valuation-expands-into-workflow-automation/

HR technology has been thrown into the spotlight in the last 20 months: Covid-19 has changed the way we work, and so how we manage people in the world of work has had to change, too. Today, a Munich-based startup called Personio, which has built a big business out of how to address that issue specifically for small and medium enterprises, is announcing $270 million in funding on the heels of strong demand for its services, and to help it fuel its next steps. With this Series E, Personio’s valuation is jumping up to $6.3 billion, making it one of the most valuable startups — HR or otherwise — in Europe at the moment.

The funding is being led by Greenoaks Capital Partners, with new investors Altimeter Capital and Alkeon also participating. Index Ventures, Accel, Meritech, Lightspeed, Northzone and Global Founders Capital — all previous backers — were also in the round. Index and Meritech led the company’s previous round, which was only in January of this year. That Series D round was at a $1.7 billion valuation — meaning the figure has grown by 3.7x in 10 months, a mark of how fast Personio itself has been growing.