Funding round
HiBob Series A
HiBob, which works in HR management platform solutions in New York, raised $18M in a Series A round announced on 25 Apr 2017, led by Battery Ventures. 4 firms took part, 1 of them already investors. It is HiBob's second venture round on record; the one before was a Seed in Jun 2016.
$18M
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 came 10 months after HiBob's Seed. It is 2.5% of the $711M HiBob has raised in the venture rounds on record. HiBob raised again 44 months later: a Series B round of $70M in Dec 2020, at $500M 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 this round 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
Battery Ventures led the round with 3 other firms. Bessemer Venture Partners had backed HiBob before.
Lead investor
- Battery Ventures backs 215 venture-backed companies new investor
Also in the round
- backs 125 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Bessemer Venture Partners backs 412 venture-backed companies existing 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
599 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.1M, and this round was 2.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Apr 2017 | $60M | not disclosed | not named |
| Tech Companies | 24 Apr 2017 | $16M | not disclosed | CCV |
| Tech Companies | 6 Apr 2017 | $15M | not disclosed | General Catalyst |
| RapidSOS Tech Companies | 25 Apr 2017 | $14M | not disclosed | Highland Capital Partners |
| Tech Companies | 6 Apr 2017 | $12M | not disclosed | Runa Capital |
| Tech Companies | 1 Apr 2017 | $11M | not disclosed | not named |
| Tech Companies | 1 Apr 2017 | $10M | not disclosed | not named |
| Tech Companies | 18 Apr 2017 | $9.0M | not disclosed | Accel |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did HiBob raise in its Series A round?
HiBob raised $18M in its Series A round, announced in Apr 2017.
Who led HiBob's Series A round?
Battery Ventures led it, with Eight Roads, Arbor Ventures and Bessemer Venture Partners.
What was HiBob's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
599 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.1M, and this round was 2.5 times the median.
Did HiBob raise again after this round?
Yes: a Series B round in Dec 2020 of $70M at $500M post-money.