German HR software company Personio receives €10.5 million

Munich-based Personio, an HR software solution company for SMEs, has raised €10.5 million in Series A funding. The investment came from the VC Northzone, as well as previous investors Global Founders Capital and Picus Capital.

"Personio's goal is to become the central platform for human resource management, which bundles all digital HR processes, such as payroll or continuous 360-degree feedback, into one solution," said Hanno Renner, founder and CEO of Personio, as reported by Startup Valley. "As a result, HR managers should spend less time with administrative activities through the software in order to be able to concentrate on value-adding human resources."

Read more: Startup Valley (German)

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