Hibob Raises $20M
Tel Aviv-based provider of HR platform Hibob has announced $20 million in Series A+ funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures. This investment is an extension of the company’s Series A, announced in April 2017; bringing its total funding to date to $45m.
Customers include: Monzo, Etoro, Happy Socks, Ironsource, Receipt Bank, Fiverr and Karmarama, and Hibob also has strategic platform integrations with Slack, Workable, GreenHouse, Aviva, Canada Life, UNAM.
Hibob was founded with a mission to create the first HR platform built for the workplace of the future. The market has embraced Hibob, as HR leaders in fast-growing companies recognize that their legacy tools are stuck in the past, unable to deliver on both the engagement needs of the multi-generational workforce and the data-driven needs of progressive HR professionals.
“There is a paradigm shift in the way people work, and HR is shifting from a system of records and resources to a way to manage relationships and productivity. Companies need the right tools to develop and maintain top talent as they grow from hundreds of employees to thousands. We are pleased that our investors understand the great need in this market and know that we are poised to deliver the most innovative and intuitive product that will allow businesses to flourish in the rapidly evolving world of work.” – Hibob cofounder and CEO Ronni Zehavi.