HR Management Startup Hibob Raises $20 Million

Human resources management startup Hibob Inc. has raised $20 million in funding, the company announced Wednesday.

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Existing investors Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures participated in the round. The company has raised nearly $45 million to date, according to Pitchbook data. Hibob develops a cloud-based human resources management system that includes attendance records, time-off schedules, employees records, and compensation management tools.

Founded in 2015, Hibob is headquartered in Tel Aviv and has 125 employees, according to Pitchbook data.