HR platform Hibob raises $70M
Tel Aviv-based HR platform that helps high-growth companies develop their employees and their culture Hibob announced that it has raised $70 million in a Series B round led by investors SEEK and Israel Growth Partners, with participation from Bessemer Venture Partners, Battery Ventures, Eight Roads Ventures, Arbor Ventures, Presidio Ventures, Entree Capital, Cerca Partners, and Perpetual Partners, the same group that also backed Hibob in its last round (a Series A extension) in 2019. To date, the company has raised $124 million.
Founded in 2015 and a team of ~171, Hibob’s core platform – which it calls Bob – is on a mission to modernize HR tech. The platform covers basics such as payroll, onboarding, time off, and benefits, while also providing features to help build out bigger profiles of users, such as performance and culture.
“We provide access to data insights, empower managers to work more closely with their people, and scale culture across sites (and now, homes). Our intuitive data-driven platform was built for the way people work today: globally, remotely, and collaboratively. bob was designed to be an HR tech tool that’s enjoyable to use for HR teams, managers, and employees. We believe that the HR tools of the future will not resemble the clunky systems of the past.” – Hibob’s CEO, Ronni Zehavi.
The startup serves over a thousand clients across Europe, the US and the Middle East, including companies such as Monzo, Revolut, Cazoo, Happy Socks, Gong, Fiverr and VaynerMedia.