hibob, a London, UK- and Tel Aviv, Israel-based cloud HR and benefits platform, raised $17.5m in Series A funding round.
The round was led by Battery Ventures with additional participation from Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited and Arbor Ventures, as well as Bessemer Venture Partners.
The company, which has raised $25m in total funding to date, intends to use the capital to strengthen its core HR and Benefits technology, increase sales, build strategic partnerships, address evolving regulatory requirements and expand its operations globally by the end of 2017.
Founded in 2014 by Ronni Zehavi, CEO, hibob provides a cloud-based HR and benefits platform for businesses to understand, interact and manage their talent. The company employs 50 people in the UK and Israel and has hundreds of companies in the UK who are actively using its platform.
hibob currently plans to grow to 80 employees and expand its operations to the US, Asia-Pacific and Israel in 2017.