Personio

Personio is an HR management platform with integrated workforce management and payroll functions. Workforce management services include performance management and feedback along with payroll, which is limited to document preparation but does not include payments. 

The company has expanded its product offering over time, with notable updates including Personio Conversations (an AI-powered chatbot to answer employees HR related questions), Personio Whistleblowing (a centralized solution for anonymous reporting), an International Absence Engine (allowing companies operating across Europe to better navigate varied labor laws), employee surveys and compensation management features.

Further, as of April 2022, the company had over a 100 software integrations on its platform, including that with Slack, Google Calendar, Linkedin and other apps. 

Personio acquired Berlin-based employee experience startup Back for an undisclosed amount in May 2022. Back Founders Christian Eggert (CEO) and James Lafa (CTO), and its team of 13 was expected to join Personio post-acquisition. The acquisition was expected to enhance Personio’s strategy to expand its People Workflow Automation category. The company also announced new offices in Berlin and Barcelona to strengthen its push across Europe.

Key customers and partnerships

The company targets SMEs with 10-2,000 employees and as of April 2024, the company served over 10,000 customers, increasing from 6,000 in June 2022. Notable enterprises using the platform included Lush, Statista and Spendesk.

In February 2021, the company partnered with employee experience platform Culture Amp to allow its customers to leverage Culture Amp’s suite of employee engagement, performance management, and development tools.

Funding and financials

In June 2022, Personio raised EUR 190.4 million (~USD 200 million) in a Series E extension round led by Greenoaks Capital Partners, bringing the company’s valuation to USD 8.5 billion. Funds were earmarked to expand its customer base and develop new platform features, including new automation tools for internal business operations. The funds are also expected to support other growth initiatives and new acquisitions.