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German startup Personio raises $200 million at $8.5 billion valuation

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Reuters UK

STOCKHOLM (Reuters) – German human resources software startup Personio said on Wednesday it has added $200 million to the initial financing it raised in October at an increased valuation of $8.5 billion. The latest funding round was led by Greenoaks Capital, which was also the lead investor when Personio raised $270 million last year at a valuation of $6.3 billion. A weaker market condition has pushed many startups to scramble for new funding, even at a lower valuation, delaying plans to go public and causing them to cut jobs and costs to find a path to profitability. While grocery delivery fi…

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