HiBob raises $150 million
10 months after closing a $150 million Series C round, HR tech platform Hibob is announcing another $150 million round at a $2.45 billion valuation. The round was led by General Atlantic, with participation from Bessemer Venture Partners and other investors.
Founded in 2015, Hibob’s global HR platform is used by over 2,500 customers around the world. Its clients include fast-growing companies such as Cazoo, Gong, Hopin, Monzo, Happy Socks, Fiverr, and VaynerMedia.
In 2017, Hibob introduced its benefits platform and several benefits partners including Aviva, Smart Pension, and Canada Life.
“Business leaders of midsize companies understand the mission-critical role a flexible HR technology platform can play in managing their teams. 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.” – Anton Levy, co-president, managing director, and global head of Technology Investing at General Atlantic.
“The competition for talent remains intense even in the midst of increasing market uncertainty. 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 organizations will want to have the right infrastructure in place before then. Our customers are advanced and influential businesses globally. They understand the new world of work, and if I were to summarize their super power in one word, it would be ‘flexibility.’ This encompasses internal mobility, career progression, and a responsible work-from-home option. Our customers also seek to empower their managers throughout the organization in the development of their most valuable resource: talent. We believe customers choose Bob because it provides an amazing employee experience and productivity gains, and the platform is able to grow with evolving business needs.” – Ronni Zehavi, CEO and Co-Founder of HiBob.
