A New York-headquartered HRtech startup HiBob that transforms the way organisations operate in the modern world has secured $150 million in Series D funding. This investment comes less than a year of raising $150 million in Series C funding.
Valuation reaches $2.45B
Led by General Atlantic, a leading global growth equity firm, alongside participation from Bessemer Venture Partners (that recently invested in WiredScore and Oper Credits) and others, this round takes HiBob’s valuation to $2.45 billion and total funding to $424 million. The fresh funds will be used to support HiBob in capitalising on its market leadership as the company continues to execute on key business priorities in the current market environment. With this financing, the company plans to add additional regional offices in the next 24 months.
Anton Levy, Co-President, Managing Director, and Global Head of Technology Investing at General Atlantic, commented: “As the workforce continues to evolve, Bob provides modules that go beyond core HR – including talent management, workforce planning, and compensation management – helping to augment the employee experience and support customers in retaining top talent. We are proud to continue to partner with leadership and the HiBob team as the company works to address key market needs with innovative, flexible technology.”
Adam Fisher, Partner at Bessemer Venture Partners, the first investor in HiBob, commented: “HiBob’s ability to grow alongside its largest customers and move with them into new geographies is a remarkable sign of execution. We are proud to continue our support for the company with another significant investment from our fund.”
Ronni Zehavi, CEO and Co-Founder of HiBob, explained: “Modern businesses that value their talent know that HRIS is not simply about headcount growth, but rather about effective and proactive people management during periods of expansion and contraction. We expect many companies to resume hiring in the quarters ahead, and smart organisations will want to have the right infrastructure in place before then.”
Leads way for future workplace
HiBob was founded by Ronni Zehavi and Israel David in 2015 with the mission to transform the way organisations operate in the modern world of work with its HR platform ‘Bob’. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game-changing, user-friendly tool that touches every employee across the business.
Since its debut, ‘Bobbers’ from around the world have brought their authentic selves to work, inspired to build the exceptional HR systems that will revolutionise the work experience for HR professionals, managers, and employees.
HiBob is used by more than 2,500 multinational companies, including Cazoo, Gong, Hopin, Monzo, Happy Socks, Fiverr, and VaynerMedia. Organisations using Bob can accelerate hiring, retain the best talent, elevate employee engagement, upskill and produce seismic cultural shifts for their dynamic, distributed workforces. Headquartered in New York, the company has offices in London, Berlin, Amsterdam, Israel and Germany.