Hibob, an Israeli startup that offers a human resources management technology platform, raised $150 million in a Series D round of funding led by General Atlantic. The company, which was already a unicorn, now has a valuation of $2.45 billion. Hibob has now brought in well over $400 million in investments.
This raise came not long after HiBob also brought in $150 million in October 2021. It was that raise that made the company a unicorn.
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Founded in 2015, Hibob was founded to modernize HR tech. Hibob says that its intuitive and data-driven platform, bob, was built for the way people work today: globally, remotely, and collaboratively. Since its launch in late 2015, bob has achieved consecutive triple-digit year-over-year growth, and become the HRIS of choice for more than 1,000 modern, midsize and multinational companies who understand that a powerful, agile HR tech suite is mission critical and a key driver of organizational success. Fast-growing companies across the globe such as Monzo, Happy Socks, Gong, Fiverr, and VaynerMedia rely upon bob to help HR and managers connect, engage, develop and retain top talent.
Ronni Zehavi, CEO and Co-Founder of HiBob, explained: “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.”
HiBob has doubled in size with over 370 new hires since Q4 2021. HiBob has also expanded its New York and London office locations, in addition to opening an office in Berlin, Germany to serve the DACH region. With users in 166 countries and support for 13 different languages, HiBob is one of the only platforms for modern multinationals employing hundreds of people. With this Series D financing, the company plans to add additional regional offices in the next 24 months.