Personio raised $40m in Series B investment led by Index Ventures.

Personio, the German human resources and recruiting platform, has raised $40m in a Series B round from international venture capital firm Index Ventures, the backer of many successful businesses including Dropbox, Slack and Zendesk. Existing investors Northzone and Global Founders Capital also participated in the new investment round. Hanno Renner, co-founder and CEO of Personio, said: “This investment further enables us to execute on our strategy and lets Personio stay on its steep growth trajectory. I am excited about the positive impact Personio has on the work lives of thousands of HR managers and their employees every day. We will use the resources to invest into building the best product for current and future customers. In 2019, we will expand into new European markets. Our international team, which doubled in the last 12 months to 150 employees from 27 different countries, will continue to significantly grow in all functions.”