Funding round
HiBob Seed
HiBob, which works in HR management platform solutions in New York, raised $7.5M in a Seed round announced on 1 Jun 2016, led by Bessemer Venture Partners. 4 firms took part. It is HiBob's first venture round on record.
$7.5M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
HiBob did not disclose a valuation in this round. It is HiBob's first venture round on record, in the year it was founded (2016). It is 1.1% of the $711M HiBob has raised in the venture rounds on record. HiBob raised again 10 months later: a Series A round of $18M in Apr 2017. Its next priced round, a Series B in Dec 2020, valued it at $500M.
HiBob's funding rounds
HiBob has 7 venture rounds on record. This one is highlighted.
- Seed this round 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 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
Bessemer Venture Partners led the round with 3 other firms.
Lead investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
Also in the round
- LocalGlobe new investor
- backs 80 venture-backed companies new investor
- backs 21 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
430 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 4.7 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Jun 2016 | $2.9M | not disclosed | Resolute Ventures |
| Tech Companies | 6 Jun 2016 | $2.5M | not disclosed | Mosley Ventures and Birchmere Ventures |
| Tech Companies | 16 Jun 2016 | $2.0M | not disclosed | not named |
| Tech Companies | 8 Jun 2016 | $1.7M | not disclosed | Accel |
| Tech Companies | 20 Jun 2016 | $1.2M | not disclosed | not named |
| Tech Companies | 27 Jun 2016 | $1.2M | not disclosed | not named |
| Tech Companies | 7 Jun 2016 | $1.0M | not disclosed | Sheets Smith Wealth Management and Larry Sablosky |
| Tech Companies | 1 Jun 2016 | $870K | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did HiBob raise in its Seed round?
HiBob raised $7.5M in its Seed round, announced in Jun 2016.
Who led HiBob's Seed round?
Bessemer Venture Partners led it, with LocalGlobe, Entrée Capital and Cerca Partners.
What was HiBob's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
430 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 4.7 times the median.
Did HiBob raise again after this round?
Yes: a Series A round in Apr 2017 of $18M.