Funding round
HiBob Series D
HiBob, which works in HR management platform solutions in New York, raised $150M in a Series D round announced on 17 Aug 2022, led by General Atlantic, at a $2.45B post-money valuation. 2 firms took part, 2 of them already investors. It is HiBob's fifth venture round on record; the one before was a Series C in Oct 2021.
$150M
Amount raised
$2.45B
Post-money valuation
2
Investors
1 lead
1.5x
Step-up from the Series C
$1.65B in Oct 2021
6.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HiBob at $2.45B after the new money, 1.5 times the $1.65B of its Series C (Oct 2021). The $150M bought investors about 6.1% of the company. It came 10 months after HiBob's Series C. It is 21% of the $711M HiBob has raised in the venture rounds on record. HiBob raised again 13 months later: a Growth round of $150M in Sep 2023, at $2.70B 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 this round 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
General Atlantic led the round with 1 other firm. General Atlantic and Bessemer Venture Partners had backed HiBob before.
Lead investor
- General Atlantic backs 134 venture-backed companies existing investor
Also in the round
- 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 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
174 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Celonis Tech Companies | 23 Aug 2022 | $400M | $13.00B | Qatar Investment Authority |
| Tech Companies | 17 Aug 2022 | $110M | $500M | Shamrock Capital |
| Tech Companies | 10 Aug 2022 | $105M | $775M | La Caisse |
| Tech Companies | 16 Aug 2022 | $100M | not disclosed | Koch Disruptive Technologies and SK hynix |
| Tech Companies | 3 Aug 2022 | $90M | not disclosed | Goldman Sachs and Thoma Bravo |
| Tech Companies | 23 Aug 2022 | $90M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 25 Aug 2022 | $37M | $2.70B | DS Asset Management |
| Tech Companies | 29 Aug 2022 | $20M | not disclosed | Samsung Venture Investment and NewQuest Capital under TPG |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did HiBob raise in its Series D round?
HiBob raised $150M in its Series D round, announced in Aug 2022.
Who led HiBob's Series D round?
General Atlantic led it, with Bessemer Venture Partners.
What was HiBob's valuation at the Series D round?
$2.45B post-money.
How does it compare with other Series D rounds in Tech Companies?
174 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median.
Did HiBob raise again after this round?
Yes: a Growth round in Sep 2023 of $150M at $2.70B post-money.