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Read previewHiBob, a London headquartered HR unicorn, is acquiring UK payroll startup Pento. The company is valued at $2.7 billion, has raised $574 million in funding, and is acquiring Pento to expand its payroll offering. The acquisition came about after seeing the fragmented payroll market in the UK with HiBob opting to go one step further than integration, CEO Ronni Zehavi told Business Insider. AdvertisementLondon-based Pento has raised $54 million in VC funding, including from General Catalyst and Tiger Global. Around 35 Pento staff will join HiBob as part of the deal, which is subject to closing conditions.
Persons: , Ronni Zehavi, Zehavi, HiBob Organizations: Service, Business, General, Bessemer Venture Partners, General Catalyst, Tiger Global, Dealroom, HiBob Locations: London, Israel
HR tech startup Pastio just raised a $3.25 million seed round without a pitch deck. Pasito, an HR tech startup, just raised $3.25 million in seed funding on Monday led by Google and Y Combinator — and it did so without a pitch deck. That generated lots of interest from investors, and helped it stand out in a hot HR tech market, Roteta told Insider. The HR tech firm pulls data from across internal records and the US census to pair workers with health insurance and retirement plans. But Pasito enters a hot market for HR tech.
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