Personio, a Munich, Germany-based HR management and recruiting platform, raised $12m (approx. €10.5m) in Series A funding.
Northzone, Global Founders Capital and Picus Capital made the investment.
The company intends to use the funds to continue to develop its SaaS-product and expand in Europe.
Led by Hanno Renner, founder and CEO, Personio provides a SaaS based Human Resources platform for small and middle-sized companies with 10 to 1.000 employees. More than 400 clients in 30 countries are currently using the company’s HR-operating system.
Aside their product, Personio is also acting as a broadcaster of knowledge within the HR-branch, hosting networking events for HR-managers.