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New Deal


Announced

Completed

Greenoaks Capital led a $200m Series E funding round in Personio.

Financials

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Transaction Value£163m
Consideration TypeCash
Capital Owned-
Capital Bid For2%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Private Equity

Cross Border

Venture Capital

Acquisition

Completed

Friendly

recruiting software

software development

Software

Germany

Minority

Synopsis

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Greenoaks Capital, a global investment firm, led a $200m Series E funding round in Personio, a people operating system for small and medium-sized companies. “Our customers are the reason we exist and creating value for them is our first priority. We decided to raise the additional capital because we saw so many more ways to invest in our product that will increase the value we can provide. Those expansions will all be embedded into People Workflow Automation, which allows customers to automate workflows based on events in the employee lifecycle, from promotions and location changes to holiday requests. By continuing to focus on this strategy we expect to continue our strong growth trajectory and accelerate into 2022 and 2023, while providing customers with a great service that enhances the efficiency of their businesses,” Hanno Renner, Personio Co-Founder and CEO.

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