Personio: Insurtech startup raises $75 million without pitch deck - Business Insider

This story requires our BI Prime membership. To read the full article,Munich-based HR startup Personio has just raised a pre-emptive $75 million Series C round.

Silicon Valley fund Accel led the round with participation from Lightspeed Ventures. Previous investors Index Ventures, Northzone, Global Founders Capital, and Picus Capital also participated in the funding, which takes Personio's total to $130 million. Investors propositioned Personio throughout 2019 before Renner agreed to talks, which took three weeks from the end of November and saw the deal close just before Christmas. Personio had no formal pitch deck for the process and instead held a series of workshops and talks with investors about the sector. The funding was raised at a $500 million valuation.

Despite that, sales of Personio's software has almost tripled in the past twelve months, while the number of employees has more than doubled to over 350 from 120 at the start of the year. The company is set to reach 700 employees by the end of 2020, according to Renner.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

I thought I wasn't a 'Costco person' until my friend changed my mind - Business InsiderCostco is a one-stop shop that has just about everything you need, but buying it in bulk also requires a degree of planning and commitment.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Personio: Insurtech startup raises $75 million without pitch deck - Business Insider'We were already well funded from our round last year but when Accel and Lightspeed come calling you have to take it.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

WPP investor deck lays out holding company's turnaround plans - Business InsiderCEO Mark Read plans to keep consolidating agencies and deepen WPP's relationship with tech platforms.
Source: BusinessInsider - 🏆 729. / 51 Read more »

AI privacy startup Mine raises $3 million to help users ask companies to delete their data - Business InsiderAI privacy startup Mine is one of 160 firms joining Intel's accelerator program. The firm has raised $3 million to help users take back their data.
Source: BusinessInsider - 🏆 729. / 51 Read more »

I bought $1 million of term life insurance and I'm not even 40 - Business InsiderOnce you start compiling all the things you'll need life insurance to pay for, you may find the coverage you need is a lot more than you'd imagined. That’s called adulting.
Source: BusinessInsider - 🏆 729. / 51 Read more »