HR Management Startup HiBob Raises $7.5M

June 7, 2016 | HiBob, an Israeli-British startup developing human resources management software, went out of stealth mode and announced Monday it had secured $7.5 million in funding from the U.S. fund Bessemer Venture partners and a group of UK angel investors. The company was formed only last year by four Israelis led by CEO Ronni Zehavi, who had previous led Contendo, a startup sold to Akamai five years ago for $268 million. HiBob’s platform is aimed at HR departments at companies employing up to 300 people, with its market focus on Britain. Its most unique feature is an automated function that identifies employees in need of pension consulting or advice on health insurance. HiBob employs 40 people evenly divided between Israel and the UK. Despite its focus on the British market, Zehavi said the company planned to keep its Israel research and development operation intact and expand the payroll by scores of employees in the coming year.