Personio Raises $40M

Thanks to VentureBeat –

Munich-based human resources startup Personio has raised $40 million in venture capital in a round led by Index Ventures.

Personio’s HR and recruiting software targets small and medium-sized companies that are often still running on outdated legacy systems. The company says it has signed up more than 1,000 customers.

“This investment further enables us to execute on our strategy and lets Personio stay on its steep growth trajectory,” said Personio CEO and cofounder Hanno Renner in a statement. “I am excited about the positive impact Personio has on the work lives of thousands of HR managers and their employees every day.”