HiBob, an Israeli startup and a unicorn that offers a human resources management technology platform, raised $150 million in new funding led by Farallon Capital, Alpha Wave Global, and existing investors. The latest raise gave the company a $2.7 billion valuation.
Hibob already hit unicorn status in August 2022 with another $150 million raise. At that time the firm had a $2.4 billion valuation.
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“As part of our investment strategy, we are committed to expanding our ecosystem of partners,” said HiBob. “We are passionate about collaborating with others and firmly believe in the strength of great partnerships. From our technology partners to our HR consultant partners, we will deliver to our customers even greater flexibility in how they choose to implement and integrate Bob. This is central to our offering and reflects our understanding that HR leaders want to flexibly manage their organization’s HR in ways that are best suited to their unique needs.”
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.
“Our unwavering commitment to prioritize people and culture, today and in the future, is supported by this new investment,” said Ronni Zehavi, CEO and Co-Founder of HiBob. “It will enable us to continue delivering our innovative HCM platform to even more modern, mid-size, multi-national organizations with additional product innovation and development to support our growing customer base around the world.”
