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Personio Hits $8.5 Billion Valuation in Latest Fundraising Round

  • Silicon Valley’s Greenoaks led the $470 million investment
  • German HR software maker’s CEO says ultimate plan is to IPO

Personio, one of Germany’s largest startups, raised an additional $200 million in a funding round that pushed the value of the human-resources software maker to $8.5 billion. 

Greenoaks Capital Management, a San Francisco-based venture firm that’s also backed Stripe Inc., TripActions and Robinhood Markets Inc., led the investment, which raised $470 million in total, Personio said Wednesday.