Fundraising Fox

Personio

Unicorn · $8.5B

Munich, DE · Founded 2015 · 2,285 employees on LinkedIn · 13 known investors

Find your way into Personio

726 people in our graph share verified history with the Personio team — schools, employers, funds. One of them is your warm intro.

Dominic Jacquessonunlockedknows Arseniy Vershinin · together at Personio (overlapped)
×3knows the team · via University of California, Berkeley
×2knows the team · via Personio
knows the team · via Technical University of Munich
×2knows the team · via Columbia University
×3knows the team · via Project A Ventures

Future of Work venture capital company based in Stuttgart, founded 2018

Also known as Personio GmbH · Personio SE

Founders & leadership

Personio was founded in 2015 by Hanno Renner, Arseniy Vershinin, Jonas Rieke, and Roman Schumacher.

HRHanno Renner
Hanno Rennerin𝕏Co-Founder and CEOMet the other founders at CDTM in Munich; has remained CEO through Personio’s unicorn rounds.
AV
Arseniy VershinininCo-Founder & Chief Architect2022–2025Built Personio’s architecture; announced stepping back from the operating Chief Architect role after parental leave, remaining involved via the Personio Foundation.
JRJonas Rieke
Jonas RiekeinCOO & Co-FounderCDTM classmate; still COO on Personio’s about page.
RSRoman Schumacher
Roman SchumacherinCo-FounderLed product as CPO; later stepped into a non-operating co-founder role and Studio Sonntag while remaining on the Personio Foundation.

Investors · 13

Funding

SEC filings, press & company announcements
  • Undisclosed amountsecond Series EJun 2022
    Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$8.5Bvaluation at Series EJun 2022
filing ↗
$6.3BvaluationOct 2021
filing ↗
$1.7Bvaluation at Series DJan 2021
filing ↗
$500Mvaluation at Series CJan 2020
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Personio is a German software company headquartered in Munich that develops cloud-based human resource management software for small and medium-sized businesses operating internationally. Its platform is delivered as software as a service and functions as a human resources information system (HRIS), covering core HR processes including employee data management, recruitment, time tracking, absence management, payroll and compliance with human resource policies, together with reporting and analytics tools.

The product spans the employee lifecycle from recruitment to offboarding. Core HR provides a centralized employee file system storing employee data and legal documents, automated reminders for dates and deadlines, employee self-service updates, team and document management, and tools for tracking working hours and absences to support compliance with local labor laws and accurate compensation. A workflow automation capability converts recurring HR tasks into repeatable workflows using pre-built templates and a code-free workflow builder. The platform integrates with over 200 business applications across more than 20 categories, including Slack, LinkedIn and Culture Amp. Personio markets the suite as a "People Operating System" spanning recruiting, onboarding, performance management, payroll, time tracking and employee self-service.

Founding story

Personio was founded in 2015 in Munich by Hanno Renner (CEO) together with co-founders variously reported as Roman Schumacher, Arseniy Vershinin, Jonas Rieke and Ignaz Forstmeier. The founders met while studying at the Center for Digital Technology & Management (CDTM), a joint program of the Technical University of Munich and Ludwig Maximilian University. The idea arose after a friend who was CTO of a 100-employee European SME described struggling to organize recruitment and payroll without dedicated software, leading the team to conclude that large corporations had access to digital HR services while smaller businesses did not. Renner, 25 at the time and previously a yacht skipper while studying industrial engineering, and his co-founders began building the first version of the product immediately after graduating in 2015, despite stating they knew little about HR at the outset. Munich was chosen as the headquarters because of the founders' academic and personal ties to the city and its role as a European tech hub.

Business model

Personio sells an all-in-one, subscription-based SaaS HR platform to small and medium-sized enterprises, consolidating fragmented HR functions into a single system.

Traction

Reported around 12,000 customers across 70 countries and approximately 2,000 employees as of June 2024, and over 15,000 customers in more than 70 countries supporting more than 1 million employees as of 2025. Total funding is reported at approximately $724 million.

Latest developments

Personio has agreed to acquire the German company Aurio, its first publicly announced acquisition, with financial terms undisclosed and no disclosure on whether Aurio will operate as a standalone product line, be integrated into Personio's suite, or serve as an internal enablement layer.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as an HR software provider for European SMEs and characterized as the "Workday for SMEs." Compared with Workday HCM, Personio is described as offering greater user-friendliness, faster setup (weeks rather than months) and lower cost for mid-sized European firms, while Workday offers greater scalability, advanced analytics and enterprise-grade global compliance. Personio focuses on localized payroll in markets such as Germany, the UK and Ireland, whereas Workday targets large enterprises with global payroll.

An integrated platform tailored to resource-constrained SMEs that centralizes employee records, automates workflows without code, and provides localized features addressing European employment law and compliance requirements, with implementation timelines and pricing aimed at mid-market buyers rather than large enterprises.

Technology

A cloud-based, multi-function HRIS delivered as SaaS, with centralized employee records, automated administrative workflows, a code-free workflow builder and pre-built templates, reporting and analytics, AI-driven insights, and integrations with more than 200 third-party business applications.

Go-to-market

Small and medium-sized enterprises, described variously as organizations with 10 to 5,000 or 10 to 2,000 employees, primarily in Europe, including companies operating internationally and those needing localized payroll and regulatory compliance such as GDPR.

Geography

Headquartered in Munich, Germany, with eight offices globally as of 2025, including Amsterdam, Barcelona, Berlin, Dublin, London, Madrid and New York; customers are served across more than 70 countries.

History

After founding in 2015, Personio developed an initial HR software prototype focused on talent acquisition, HR administration and basic employee retention features, growing to roughly 10 employees by mid-2016 and launching a beta that attracted close to 100 mainly SME customers. The company raised a $12 million Series A led by Northzone in 2017, a $75 million Series C in 2020 at a reported valuation of about $500 million, $125 million in early 2021 at a reported $1.7 billion valuation, a further $270 million later in 2021 at a reported $6.3 billion valuation, and $200 million in 2022 at an $8.5 billion valuation. It established the Personio Foundation in 2021, holding 1% of company shares. In 2023 it opened a New York office with plans to double its US workforce, and it has since agreed to acquire the German company Aurio in its first publicly announced acquisition.

Risks & controversies

Because the Aurio transaction terms and operating plans are undisclosed, purchase structure, technology scope and integration timeline remain open questions, and the handling of sensitive HR data in any AI model training or data pipelines raises data protection, governance and potential customer churn considerations. Broader market conditions include HR technology buyers tightening underwriting standards, declining HR job postings and a shrinking European working-age population.

Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersJan 202515,000 customers
EmployeesFeb 20252,078 people
Employees supported by platformJan 20251,000,000 people
OfficesJan 20258 offices
Product integrationsFeb 2025200 applications
Total funding raisedFeb 2025$724.3M
ValuationJan 2022$8.5B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

6 people who came through Personio went on to found or lead other companies.

Competitors · 10

by search overlap
Shrm6319 shared keywordsSHRM, a human resources professional organization with influence over 362 million workers worldwide, provides guidance on managing workplace civility and conflict through executive thought leadership and strategic resources for organizations.
Hibob dba bob6297 shared keywordsHiBob operates Bob, an HR platform that consolidates HR processes and workflows into a single user-centric tool for organizations. The platform serves modern businesses seeking streamlined HR management across their entire employee base.
Rippling5697 shared keywordsRippling is a workforce management platform that unifies HR, IT, finance, and employee data across a business. It integrates with 600+ applications to help organizations operate more efficiently.
BetterUp5485 shared keywordsBetterUp provides an AI-powered coaching and professional development platform that helps organizations support employee growth and wellbeing. The platform serves enterprises and their employees through behavioral science-backed coaching and talent management tools.
Deel4811 shared keywordsDeel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders. The platform handles payroll, compliance, and HR administration for companies managing international workforces.
Factorial4716 shared keywordsFactorial is an AI-powered business management platform that automates and centralizes administrative HR and people management tasks for companies. The platform serves over 16,000 businesses across 120+ countries, enabling organizations to focus on employee engagement and workplace culture.
Lattice4316 shared keywordsLattice is a people management platform that helps HR leaders and organizations align goals, improve performance, and engage teams through features like 1:1s and performance tracking.
Humaans4094 shared keywordsHumaans builds an employee management platform that automates the employment lifecycle, including onboarding, offboarding, promotions, and compensation management, by connecting point solutions with a central employee data hub for People Ops, Finance, and IT teams.
Leapsome4090 shared keywordsLeapsome offers HR software that centralizes employee records — personal details, role history, compensation, documents, and job changes — into a single system for HR teams, replacing spreadsheets and paper files. Its platform connects HRIS and talent management with performance reviews, learning paths, and AI-driven analytics, including team-level "Resilience Signals" insights.
Paycor3983 shared keywordsPaycor provides human capital management and payroll services for business leaders and frontline managers. The platform offers talent management, workforce management, benefits administration, and compliance tools.

Companies competing with Personio for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 8

launches, deals, and filings
Jan 2026
Personio agrees to acquire Aurio

Personio agreed to acquire German company Aurio in what was described as its first publicly announced acquisition; financial terms were undisclosed and details on scope, timing and integration were not released.

source ↗

Sep 2023
New York office opened

Personio opened a New York office and stated plans to double its US workforce.

source ↗

Jun 2022
$200M Series E at $8.5B valuation

Personio raised $200 million, valuing the company at $8.5 billion.

$200M source ↗

Oct 2021
$270M round at $6.3B valuation

Later in 2021 Personio raised a further $270 million at a reported valuation of $6.3 billion.

$270M source ↗

Jan 2021
$125M round at $1.7B valuation

Personio raised $125 million at a reported valuation of $1.7 billion, reaching unicorn status.

$125M source ↗

Jan 2021
Personio Foundation established

Personio established the Personio Foundation, which holds 1% of the company's shares (valued at $85 million) to support social initiatives focused on education and sustainability.

source ↗

Jan 2020
$75M Series C at ~$500M valuation

Personio raised $75 million in Series C funding at a reported valuation of about $500 million.

$75M source ↗

Aug 2017
$12M Series A led by Northzone

Personio closed a $12 million Series A round led by Northzone, as reported by TechCrunch.

$12M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 4

primary sources listed

4 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Personio do?
Munich-based provider of cloud HR management software for European small and medium-sized businesses.
Who founded Personio?
Personio was founded by Hanno Renner, Arseniy Vershinin, Jonas Rieke, Roman Schumacher in 2015.
Who are Personio's investors?
Personio's investors include Accel, Alkeon Innovation, AppWorks Ventures, Galdana Ventures, General Catalyst, Index Ventures, La Famiglia, LEA Partners and 5 more.
Where is Personio headquartered?
Personio is headquartered in Munich, DE.