- Hibob raises USD 70 million in a Series B funding
- The event was led by SEEK and Israel Growth Partners (IGP)
- The funding will be spent for global expansion
Hibob, an HR tech start-up and the mastermind behind bob, the people management platform, recently announced that the company raised USD 70 million in Series B funding. The funding event was led by Israel Growth Partners (IGP) and SEEK.
The fresh funding will be spent to empower the start-up to involve in wider global expansion through marketing while the company continues to work toward product development in its plan to streamline people management, culture building, and employee engagement for remote and scattered workforces.
Hibob funding details
Since its inception, Hibob has raised an impressive total of USD 124 million, including a Series A funding round held in 2019. The funding back then witnessed investors like Battery Ventures, Bessemer Venture Partners, Arbor Ventures, Eight Roads Ventures, Cerca Partners, Presidio Ventures, Entrée Capital, and Perpetual Investors. The same set of investors also were part of the recent Series B funding round.
Established in 2015, Hibob operates as a cloud-based platform designed to support human resources departments to transform employee data into insightful and actionable information. Hibob solutions help users to do so by identifying several cultures within a business.
The company currently has a workforce of 150 employees in New York, London, and Tel Aviv. Its client list includes names like Fiverr, ironSource, and Happy Socks.
On the technical front, the cloud-based platform also integrates with Microsoft Teams, Mercer, and Slack.
What do the experts say?
Ronni Zehavi, CEO and Co-founder of Hibob, said, “As we were developing the concept behind our HR platform, we looked at the world of work and recognized that it was changing. I’ve spent my career managing people in different kinds of organizations and came to the realization that the vast majority of HR tech tools I used were not designed for the way people work today – globally, remotely, and collaboratively.” He added, “We founded Hibob to create a modern HR platform built for the changing demands of the modern workplace.”
Claude Silver, Chief Heart Officer with VaynerMedia, said, “2020 was the year that pushed the practice of HR into the spotlight. HR leaders have been challenged to support their businesses and their people in new and different ways – to drive communication, engagement, and development despite the obvious hurdles.” She added, “At VaynerMedia, I knew that my ability to help our 1,000 employees grow through this tough year would only be possible with the right tools and structure in place. bob has enabled us to keep our people informed, engaged, and productive but perhaps most importantly, to nurture the unique culture and vibe that makes VaynerMedia such an exceptional place to work.”