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.

It joins a throng of start-ups operating in this space, including CitrusHR, which was launched in 2014 by Startups.co.uk founder David Lester.

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.”

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