Personio is one of the fastest-growing start-ups in Germany, offering a holistic HR Management, Recruiting and Payroll software designed for companies with 10 to 2000 employees.
Let’s get some key insights from his Co-Founder & Chief Product Officer – Roman Schumacher on how to build a market leader and an industry standard in Europe. Listen to his #FounderStory on Tuesday October 15 at Personio.
Personio was founded in 2015 by Ignaz Forstmeier, Roman Schumacher, Arseniy Vershinin and Hanno Renner. A short time later, the team was complemented by Jonas Rieke. They got to know each other while studying together at the Center for Digital Technology & Management in Munich. They successfully launched in 2015 with a minimum viable product of the software and were able to finance themselves for about a year.
In July 2016, they received their first round of financing. Thereafter, the company grew to nearly 50 employees and several hundred customers by the beginning of 2017. In August 2017, Personio completed a second round of financing, called Series A, for $12 million. They have grown further with this. In January 2019, they raised additional capital of $40 million through a successful Series B round of financing, notably with Index Ventures on board. The team has grown to over 210 employees from 30 nations at two locations – Munich and Madrid. More than 1,500 customers already use their HR operating system in more than 35 countries.