Media: Press Releases | 21 January 2021
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Led by its Munich partner Volker Geyrhalter, international law firm Hogan Lovells has advised Munich-based Personio on a Series-D financing round of around US$125 million. With a company valuation of €1.4 billion, Personio is now a unicorn and ranks among Germany’s top startups.
In addition to existing investors Index Ventures, Accel, Lightspeed, Northzone, Global Founders and Picus, Personio was able to attract Meritech Capital Partners, another well-known U.S. private equity firm from Silicon Valley as new investor.
The new funds raised in the new financing round will be used for internal growth and further expansion of the European network. Founded in 2015, the startup offers a software platform for managing and recruiting employees.
Volker Geyrhalter, head of the European Corporate & Finance Practice at Hogan Lovells, said:
“We are pleased that we have successfully advised Personio in all financing rounds since its foundation and have accompanied its rapid growth to one of the key players in the market place.”
Hogan Lovells Team for Personio GmbH
Volker Geyrhalter (Partner), Cornelius Naumann (Senior Associate), Kilian Pfahl (Associate), Julian Fridrich (Senior Associate), Florian Bortfeldt (Counsel) (all Corporate, Munich).