HR startup HiBob’s valuation surges 50% to $2.45B on a $150M raise

HR startup HiBob’s valuation surges 50% to $2.45B on a $150M raise

2 years ago
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https://techcrunch.com/2022/08/17/hr-startup-hibobs-valuation-surges-50-to-2-45b-on-a-150m-raise/

Cloud-based human resource (HR) platform HiBob today announced that it had raised $150 million in a series D round of funding at a $2.45 billion valuation.

This represents a nearly 50% increase compared to its series C valuation round just 10 months ago, when it also raised $150 million. But perhaps more interestingly, HiBob seems to have bucked a broader trend that has seen startups’ and scaleups’ valuations plummet in a sea of corrections and down-rounds — in the past month, Sweden’s buy-now-pay-later fintech Klarna saw its valuation drop 85% to $6.7 billion in the space of a year, while payments giant Stripe has apparently seen its own internal valuation fall 28% to $74 billion.