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= Personio =

Personio is a German technology company that offers human resources software as a service. Founded in 2015 by Hanno Renner, Roman Schumacher, Arseniy Vershinin, and Ignaz Forstmeier, the company is headquartered in Munich, Germany.

Personio’s software encompasses an all-in-one HR platform covering recruiting, payroll, absence tracking, and other core HR functions. In January 2021, Personio raised $125 million in Series D funding, leading to a valuation of $1.7 billion valuation.

History
Personio was founded in 2015 by Hanno Renner, Roman Schumacher, Arseniy Vershinin and Ignaz Forstmeier (and shortly after joined by Jonas Rieke) after having met at CDTM -- a joint institution of the Technical University Munich and LMU Munich.

After being initially boot-strapped for one year, the company received a €2.1 million seed funding in 2016. A $12 million series A funding round followed in August 2017. A series B funding round followed in 2019 of $40 million. Finally, series C and series D funding rounds totalled $75 million and $125 million, respectively. This final round helped the company achieve unicorn status.

As profiled by Igor Bosilkovski in Forbes, “Personio serves companies from 10 to 2,000 employees, though its typical customers are around hundred or several hundred employees. Personio has clients in 80 countries around the world, though they are currently heavily focused on Europe.”

On April 9th, 2019, Personio acquired Spanish payroll startup Rollbox, for an undisclosed amount combining cash and equity, forming a new office in Madrid with 25 employees at the time.

In January of 2020, Personio opened an office in London, England, followed by the opening of an office in Dublin in addition to business expansion in the region.

Shubham Sharma, reporting for Silicon Canals, noted that “[Personio] intends to double its international headcount from 500 to 1000 by the end of 2021, across its four offices in Munich (HQ), Madrid, London and Dublin.”

In 2020 alone, the company expanded its executive suite with the addition of Geraldine MacCarthy (previously of Dropbox, Inc.), Birgit Haderer (former, Zalando SE) , and Ross Seychell (formerly at Wise).

Personio dedicates 1% of the company’s revenue and 15% of his own share to charitable purposes. In the words of CEO and Co-Founder, Hanno Renner, “All of investors [sic] are forced to, if they want to invest in Personio, they have to sign that clause.”

Software
Personio offers companies a human resources software as a service. This includes recruiting processes, onboarding new hires, managing contracts and data, time tracking, development, counting vacation days, and tracking their performance.

As noted by Alison Coleman, writing for Forbes, “[Personio] combines HR core features in one digital tool, enabling HR managers and business leaders to manage things like attendance data, absences, and salaries consistently.”