The company "HiBob" (HiBob) announced today, about raising 150 million dollars in a new fundraising round according to a valuation of 2.45 billion dollars. In total, the company raised 300 million dollars for its operations in less than 10 months.
The main focus of the company is on the development of "Bob", an innovative platform for employee management that changes the way companies operate in the modern working world.
Proper recruitment and retention of employees was and still is one of the main issues that occupy organizations during periods of growth, and even more so in times of global economic slowdown.
The key is managerial and business flexibility that allows the changes required by the market situation to be adjusted to the organization's management decisions regarding its people, who are the organization's most important resource.
The "Bob" employee management platform serves over two thousand five hundred companies employing hundreds of thousands of employees and allows managers, employees, and the human resources and financial departments the ability to conduct themselves with the required flexibility in situations of uncertainty and change.
Retention of quality personnel in times of crisis
Roni Zahavi, CEO and co-founder of Haybov, explains: "The competition for high-quality workers and their glaring lack is an unsolved problem all over the world.
The growth of Haibob as a company stems from the need of organizations that put their people at the center of innovative digital tools for the preservation and management of human resources, even in dynamic periods of expansion and contraction.
Haibov provides these dynamic companies with the most suitable system for the needs of growth and retention of quality employees."
Zahavi added, "Our customers chose Hibob thanks to the exceptional employee experience that the system provides, and thanks to its contribution to their productivity. The vast majority of them grow with 'Bob' because the system knows how to grow according to the development of their business needs."
The current fundraising round, which was led by the companies General Atlantic and Bessemer Venture Partners, and in which existing investors also participated, brings the company to a valuation of 2.45 billion dollars, and a total funding of 424 million dollars since its inception.
The new investment will allow Haivov to make the most of its position as a market leader in its field and to prepare well for the development of the HR TECH field in the coming years.
Haibob is leading a change in the work experience of HR department personnel, managers and employees, and today more than 2,500 multinational companies use its services - including Cazoo, Gong, Hopin, Monzo, Happy Socks, Fiverr and VaynerMedia, Haibob brings about 350 new customers in each quarterly.
Bob has customers in 166 countries in the world and the Bob platform supports 13 different languages.
The organizations that use Bob manage to speed up their recruitment processes, retain the best quality employees, increase employee involvement in the company, upgrade their skills and create significant cultural changes in their global workforce.
Haibob doubled its size and added 370 new employees since the end of 2021. The company also expanded its operations in the USA, Canada, Australia, Great Britain, in other European countries such as Germany, Sweden, Denmark, the Netherlands, Spain and in Eastern European countries.
The company continues to expand its activities in Israel and is currently recruiting female engineers and support personnel, digital marketing, finance and information management.
The average age of the company's employees is 35, 52% of the company's employees are men and the rest are women, and only 12 employees voluntarily left the company in Israel.
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