Hibob enters unicorn club with $150 million round at $1.65 billion valuation
The HR management platform becomes the latest Israeli company to join the $1 billion club after experiencing accelerated growth during the pandemic
Hibob employs 300 people, a significant increase from the 170 workers it had a year ago. Its clients include fast-growing companies such as Monzo, Revolut, Cazoo, Happy Socks, ironSource, Receipt Bank, Fiverr, Gong, and VaynerMedia. Its platform, bob, also closely integrates with third parties such as Slack, Microsoft Teams, and Mercer.
The company experienced a difficult year in 2020. At the start of that year, the company found itself in the eye of a storm when a senior executive was accused of sexual harassment. This took place just as the company was forced to send dozens of employees on unpaid leave when the Covid-19 outbreak hit Israel.“In an act of courage and integrity, we left no stone unturned, inspecting and righting every issue we found," CEO Ronni Zehavi told Calcalist later that year. "The incident was treated gravely by the board and the management and across the entire company. It convinced our new investors, who knew about the case and witnessed our handling of it. We established strict company guidelines and a steering committee to handle the topic and report to the board on it on a quarterly basis."