# Back Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/back-technologies

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.backhq.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Jun 18, 2020)
- Investors on record: 4

## About

Back Technologies GmbH is a Berlin-based company focusing on enhancing HR processes through innovative technology solutions, catering primarily to small and medium-sized enterprises.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. During its latest funding round, the Seed round raised EUR 2.90 mn, led by La Famiglia, with participation from Gradient Ventures, Point Nine, and Seedcamp. The total amount raised by the company is EUR 2.90 mn.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. The service is accessible in multiple countries, including Germany, Spain, France, the Netherlands, and the United Kingdom.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. This strategic approach enables the company to support HR functions effectively for over 15,000 clients globally.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. The recent funding of EUR 2.90 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.

## Funding rounds

- Seed, Jun 18, 2020, $3.2M — Seedcamp, Point Nine, La Famiglia, Gradient Ventures

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed