8 years ago

hibob Raises $17.5 Million to Improve Employee Engagement

  • hibob, a London-based HR and employee benefits startup, has secured $17.5 million in Series A funding led by Battery Ventures

  • The round also saw participation from Eight Roads Ventures, Arbor Ventures, and Bessemer Venture Partners

  • The funding will be used to fuel hibob's growth, including strengthening its core HR and Benefits technology, increasing sales, building strategic partnerships, addressing regulatory requirements, and expanding globally

  • hibob has a growing client base that includes companies such as Wieden+Kennedy and Receipt Bank, and it plans to expand its operations to the US, Asia-Pacific, and Israel in 2017.

      • ProblemTechnology

      "Businesses are struggling to engage with their employees in a meaningful way, especially with the rise of the millennial workforce and the need for flexible HR solutions."

      Solution

      "hibob provides a cloud-based HR and benefits platform that helps businesses streamline their end-to-end HR processes, making it easier for them to manage their employees, benefits, and payroll. The platform is designed to be mobile-friendly and social media-integrated, making it more engaging for employees."

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