Personio, Series E. raises its value to 5,500 million after raising a new round of

PersoniusEurope’s leading HR software for small and medium-sized businesses launched people workflow automation, a new class of software that enables SMBs to convert manual and fragmented HR processes into automated workflows involving multiple tools and teams. In this way, they can be integrated into corporate applications. Improving liquidity within the company, eliminating delays and minimizing missed opportunities. In line with this new category’s approach, Persona has raised a Series E round with a preferential right of $270 million, the company is valued at $6.3 billion.

This latest round of funding has been Produced by Greenox Capital Partners with participation from Altimeter and Alkeon Capital. These three funds are united by their strategy to invest in companies through their long-term public and private trajectories. His portfolio includes several notable software companies, such as UiPath, HubSpot, Stripe or Snowflake as part of his portfolio. Current investors of Persona – Index Ventures, Accel, Meritech, Lightspeed, Northzone and Global Founders Capital – have again invested in Persona, The strength of its vision and its solid track record for growth underscores.

The Series E financing adds to the previous round that the company did in January 2021, between them adding more than $500 million in raised capital, which represents a significant increase in the company’s fund reserves. This investment enables Persona to grow its product to lead the people workflow automation category and continue to execute its long-term strategy for the needs of its customers.

According to Hanno Rainer, Co-Founder and CEO of Personaio, “This investment supports the rapid growth of the business and its immense potential in the market, but also strengthens our vision of the future of the HR tech sector. Me. this financing for This is a milestone in the company, although I believe we are beginning our way. We want to help HR teams go beyond HR with the launch of the People Workflow Automation category This is a major step in this journey in which we focus on serving the most valuable asset of any company: People. We are very excited to see how European SMEs use this technology to grow their businesses.”

The pandemic accelerated the digitization of companies of all sizes, with SMEs using an average of 40 applications, many of which use HR data or are related to personnel management. Large companies can reduce the impact of this diversity of applications because they have their own IT teams. Which can manage options that combine products from different software vendors (Workday, ServiceNow and Youpath) to automate their workflows. In contrast, most SMEs have neither the resources nor the technical knowledge. Nor access to useful technology for creating your own automated workflows.

People Workflow Automation provides solutions to all of these issues by automating people-related processes across all applications and devices within the company. Changes happen in any company Frequently such as contract termination, team changes, promotions, Relocation or sick leave. Each of them triggers a workflow that Personayo helps avoid missing opportunities due to delays, while freeing up time for HR employees, managers, and employees alike. In this way, HR teams They can take care of many tasks in a very simple way forgetting the past processes In which manual work in different departments would have been necessary. With the launch of this new range, Persona today introduces new functionalities that will help its customers automate their work processes.