Israeli HR tech firm Hibob raises US$20 million

TEL AVIV: Israeli human resources technology startup Hibob said on Wednesday it raised US$20 million in an early funding round, bringing its total financing to date to US$45 million.

Existing investors Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures and Presidio Ventures participated in the funding round.The expanded investment will help the company accelerate its penetration in U.S. and European markets.Founded in late 2015, Tel Aviv-based Hibob has hundreds of customers, including Monzo, Ironsource and Fiverr.

Hibob said its platform streamlines administrative tasks and provides company decision-makers with insights to help retain and grow a diverse workforce.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Co-working space to bring tech firms, lawyers together to develop solutionsLawyers and technology companies can come together to develop techenabled solutions for the legal sector in a new co-working space when the new State Courts Towers opens its doors next year.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Changes to grant scheme aim to help firms avoid tech 'bottleneck'Changes to the Enterprise Development Grant (EDG) are aimed at helping companies have the right manpower in place when they adopt new technology and avoid a 'bottleneck', Senior Minister of State for Trade and Industry Koh Poh Koon said yesterday. From April next year,...
Source: thenewpaper - 🏆 7. / 63 Read more »

SoftBank extends tech reach with US$5 billion LatAm fundREUTERS: Japan's SoftBank Group is launching a US$5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »