Back Technologies
Latest round
- Seed
Last raised
- Jun 2020
Total raised
- $3.2M
Investors
- 4
About Back Technologies
Back Technologies GmbH specializes in providing advanced HR technology solutions. Founded in 2018, the company is headquartered in Berlin, Germany. The founding team includes Christian Eggert. In May 2022, Back Technologies GmbH was acquired by Personio GmbH from Gradient Ventures, La Famiglia, Point Nine Capital, and Seedcamp for undisclosed financial terms. The company has completed three notable deals since inception, with the most recent deal occurring on May 21, 2022.Back Technologies GmbH offers a sophisticated HR platform aimed at automating and optimizing various human resource functions. Its core solutions include Core HR, Payroll, Recruiting, Performance & Development, People Analytics, and Workflow Automation, designed for small to medium-sized businesses across various sectors such as technology, manufacturing, retail, and non-profit organizations. The platform emphasizes user-friendly design and automation to address HR challenges, allowing teams to focus on more strategic initiatives.Back Technologies GmbH operates on a subscription-based revenue model, where clients pay for access to a suite of HR services. Businesses typically engage with the company through annual or monthly subscription plans tailored to their unique needs. The main offerings, such as Core HR and Payroll, are available in various pricing tiers, providing flexibility to accommodate different organizational sizes.Looking ahead, Back Technologies GmbH, under Personio GmbH, aims to enhance its product offerings through upcoming features designed to streamline HR functions further. The acquisition will support their strategy for expansion into additional European markets, with specific targets set for the next two years.90 mn will be utilized to bolster these initiatives and facilitate the development of new technologies that align with the growing demands of HR management solutions.
Who invested in Back Technologies
4 investors across 1 round
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Funding rounds
Seed
Jun 18, 2020
Amount
$3.2M
Investors
Questions about Back Technologies
Who invested in Back Technologies?
Back Technologies has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Back Technologies raised?
Back Technologies has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Back Technologies last raise money?
Back Technologies's most recent round on record is a Seed, in Jun 2020.
What does Back Technologies do?
Back Technologies GmbH specializes in providing advanced HR technology solutions.
Where is Back Technologies headquartered?
Back Technologies is headquartered in Berlin, Germany.
Which VCs invest in companies like Back Technologies?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Back Technologies's stage. Their profiles are linked below.
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