The Sumitomo and Seek-backed employee management software provider hiked its total funding to $274m in a round valuing it at $1.65bn.

Hibob, a UK-based human resources software provider backed by online recruitment marketplace Seek and conglomerate Sumitomo, raised $150m yesterday in a series C round led by growth equity firm General Atlantic.

Eight Roads Ventures, a venture capital branch of investment and financial services group Fidelity, also took part in the round, as did Bessemer Venture Partners (BVP), Battery Ventures, Entrée Capital and unnamed others, at a $1.65bn valuation.

Founded in 2015, Hibob has developed a cloud-based platform called Bob which…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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