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Israeli HR Tech Company, Hibob Receives $20 Million in Fresh Funding Round

March 13, 2019 / HR Technologist

Hibob, the transformative HR tech platform headquartered in Tel Aviv, announces $20 million in Series A+ funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures. This investment is an extension of the company's Series A, announced in April 2017 and sees its stellar bench of investors substantially increase their position in the company. Supporting the company's mission to transform HR to reflect the changing nature of the workplace and workforce, the expanded investments will drive the next phase of Hibob's hyper growth, help to establish it as the platform of choice for fast growth companies, and accelerate its penetration in the U.S. and across Europe. Since its founding in late 2015, Hibob has achieved 460 percent year-over-year growth and now boasts hundreds of customers, as well as strategic platform integrations with Slack, Workable, GreenHouse, Aviva, Canada Life, UNAM. Following a seed round of...