Venture Capital News: Hibob Inks $70M Series B
NEW YORK, NY, Hibob, the HR technology innovator behind the people management platform bob, today announces $70 million in Series B funding.
The round was led by investors SEEK and Israel Growth Partners (IGP). Promoting the progress of Hibob's mission to simplify people management, culture building, and employee engagement for remote and dispersed workforces, the investment will allow Hibob to drive wider global expansion while contributing to further Hibob product development.
Hibob has raised a total of $124 million to date since its launch in late 2015. The latest funding round follows its Series A+ financing in 2019, backed by investors Bessemer Venture Partners, Battery Ventures, Eight Roads Ventures, Arbor Ventures, Presidio Ventures, EntrĂ©e Capital, Cerca Partners, and Perpetual Investors - all of whom have additionally contributed to the current capital raised.
Hibob was founded to modernize HR tech. Hibob's 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. Learn more at www.hibob.com
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