Taylor Wessing advises Silicon Valley investor Accel on $75 million Series C financing in Personio

Accel has acted as lead investor in a Series C financing round of Personio, a Munich-based provider of integrated HR software solutions for small and medium-sized companies. The international law firm Taylor Wessing has advised Accel, under the leadership of the Frankfurt Partner Hassan Sohbi, on all aspects of the financing round.

In addition to Accel, the multi-level venture capital firm Lightspeed Venture Partners, SuccessFactors founder and former CEO Lars Dalgaard and existing shareholders Index Ventures, Northzone, Global Founders Capital and Picus Capital also participated in the financing round.

Taylor Wessing advised Accel’s London team. Accel is a leading global venture capital firm founded in Palo Alto that has already invested in companies such as Dropbox, Facebook, Slack and Spotify. Accel works with companies at all stages of growth.

Personio GmbH, based in Munich, Madrid and London, wants to make personnel processes in the areas of recruiting, personnel administration and payroll accounting faster, clearer and more efficient with its all-in-one HR software solutions, so that HR managers can once again focus more on their employees. According to Personio, almost 2,000 customers in over 40 countries are already using this software solution.

Legal counsel Accel:

Taylor Wessing: Lead Partner Hassan Sohbi (Partner, M&A/Corporate), David Becker (Senior Associate, M&A/Corporate), Dr. Jan Grawe (Salary Partner, Employment, Pensions & Mobility), Dr. Nikolai Voß (Senior Associate, IP/IT), Stella Weingärtner (Senior Associate, IP/IT), Kian Böhmer (Associate, M&A/Corporate), Carolin Schneider (Associate, IP/IT), Friedrich Lieb (Associate, IP/IT), Christoph Breuer (Associate, IP/IT), all Frankfurt and Klara Pototzky (Associate, Employment, Pensions & Mobility, Munich).