HR Information System HiBob raises USD 150 million

HiBob, the company behind the "Bob" HR platform, has raised USD 150 million in its recently closed Series D funding round.

This follows a further USD 150 million injection, which was raised in its Series C round, in October last year. HiBob is currently valued at USD 2.45 billion.

The company's latest funding round has been led by General Atlantic, with participation from Bessemer Venture Partner, and other insiders.

Ronni Zehavi, CEO and co-founder of HiBob (pictured, left, with fellow co-founder Israel David), says the competition for talent remains intense even in the midst of increasing market uncertainty. "Modern businesses that value their talent know that an HR Information System is not simply about headcount growth, but rather about effective and proactive people management during periods of expansion and contraction,” he said.

HiBob is a HR Information Software company aimed at mid-sized and smaller organisations throughout Southeast Asia and beyond. The platform offers solutions for core HR functions as well as talent management, workforce planning, and compensation management.

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