People management start-up hibob lands $7.5m funding
After securing 150 customers in beta, UK-based platform will use seed funding to drive growth of its cloud-based service
UK-based HR platform hibob has closed $7.5m in seed funding from Silicon Valley venture capital firm Bessemer Venture Partners, as well as LocalGlobe and several angel investors.
The cloud-based system claims to integrate human resources, benefits, pension auto-enrolment and data in a secure online data storage platform.
During its beta phase, the hibob platform says it has signed more than 150 customers including Mother London, Nexus, Young Gun-founded Kano and The Ace Hotel.
The seed funding is being used to fuel the launch of the platform.
Ronni Zehavi, CEO and co-founder of hibob, commented: “As pressure mounts on small businesses to get pension auto-enrolment sorted, this is the perfect opportunity for businesses to get smarter on how they manage their people overall.
“As a business owner myself, I found it frustrating that people management seemed to have stagnated as other business processes modernised around it, even though it’s so crucial to success.”