Munich-based HR software for SME’s Personio has added $200 million via Greenoaks Capital to an already impressive initial $270 million Series E round announced in October of last year. At the time, the company was valued at $6.3 billion, today, $8.5 billion.
The almost doubling of capital (what’s $70 mil between friends?) will be used to further propel the company’s People Workflow Automation, a service launched in conjunction with the initial Series E round. Clearly, Greenoaks isn’t joking around with their commitment to Personio.
Most recently, the HR technicians announced the acquisition of Berlin-based employee experience specialist Back, a deal that funnels the latter’s expertise into Personio’s People Workflow Automation.