Funding round
HiBob Growth
Reported as "Growth Equity"
HiBob, which works in HR management platform solutions in New York, raised $150M in a Growth round announced on 19 Sep 2023, led by Farallon and Alpha Wave Global, at a $2.70B post-money valuation. 2 firms took part. It is HiBob's sixth venture round on record; the one before was a Series D in Aug 2022.
$150M
Amount raised
$2.70B
Post-money valuation
$2.55B pre-money
2
Investors
2 leads
1.1x
Step-up from the Series D
$2.45B in Aug 2022
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HiBob at $2.70B after the new money, 1.1 times the $2.45B of its Series D (Aug 2022). The $150M bought investors about 5.6% of the company. It came 13 months after HiBob's Series D. It is 21% of the $711M HiBob has raised in the venture rounds on record. HiBob raised again 36 months later: a Growth round of $166M in Sep 2026, at $3.20B post-money.
HiBob's funding rounds
HiBob has 7 venture rounds on record. This one is highlighted.
- Seed 1 Jun 2016, led by Bessemer Venture Partners $7.5M
- Series A 25 Apr 2017, led by Battery Ventures $18M
- Series B 10 Dec 2020, led by SEEK and Israel Growth Partners $70M$500M post-money
- Series C 13 Oct 2021, led by General Atlantic $150M$1.65B post-money
- Series D 17 Aug 2022, led by General Atlantic $150M$2.45B post-money
- Growth this round 19 Sep 2023, led by Farallon and Alpha Wave Global $150M$2.70B post-money
- Growth 1 Sep 2026, led by Salesforce Ventures $166M$3.20B post-money
Investors
Who put money in
Farallon and Alpha Wave Global led the round.
Lead investors
- backs 15 venture-backed companies new investor
- Alpha Wave Global backs 78 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
354 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stack Tech Companies | 7 Sep 2023 | $1.00B | not disclosed | SoftBank Group |
| Cato Networks Tech Companies | 19 Sep 2023 | $238M | $3.00B | Lightspeed Venture Partners |
| Tech Companies | 26 Sep 2023 | $100M | not disclosed | Wavecrest Growth Partners |
| Tech Companies | 28 Sep 2023 | $100M | $3.00B | Warburg Pincus |
| Tech Companies | 5 Sep 2023 | $54M | not disclosed | Andreessen Horowitz and a16z crypto |
| Tech Companies | 19 Sep 2023 | $27M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 19 Sep 2023 | $25M | not disclosed | Edison Partners |
| Tech Companies | 27 Sep 2023 | $15M | not disclosed | Fulcrum |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did HiBob raise in its Growth round?
HiBob raised $150M in its Growth round, announced in Sep 2023.
Who led HiBob's Growth round?
Farallon and Alpha Wave Global led it.
What was HiBob's valuation at the Growth round?
$2.70B post-money ($2.55B pre-money).
How does it compare with other Growth rounds in Tech Companies?
354 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median.
Did HiBob raise again after this round?
Yes: a Growth round in Sep 2026 of $166M at $3.20B post-money.