About HR SaaS sector in Germany
The HR SaaS sector in Germany comprises 955 companies, including 171 funded companies having collectively raised $1.63B in venture capital money and private equity. Out of these, 110 are Series A+ funded, and 2 have achieved unicorn status.
HR SaaS sector in Germany has seen 47 acquisitions and 40 IPOs. This represents almost 9.1% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering cloud-based solutions for HR professionals to manage their employees and day to day work.
Cloud-based HRMS, Payroll, Employee Engagement, Job Boards, Marketplaces, Performance Management Tools, other HR-related software Non-Cloud-based HR Solutions, Generic Cloud Infra Solution, Services Companies
Top HR SaaS Companies in Germany
There are 955 HR SaaS startups in Germany which include Personio, Staffbase, Localyze, HeyJobs, Speexx. Out of these, 171 startups are funded, with 110 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 38 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Kellogg School of Management, London School of Economics and Political Science and Technical University of Munich.
Here is the list of top HR SaaS startups in Germany
1. Personio
Cloud-based HRMS platform for SMBs. It provides features such as payroll administration, attendance and recruitment management, onboarding, performance monitoring. The features include SSL encryption and two-factor authentication based security for the data. The product is available on the subscription-based pricing plan.
Key facts about Personio
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Series E
- Total Funding till date: $772M
- Investors: Greenoaks, Global Founders Capital and 27 Others
- Latest Funding Round: Series E, Jun 06, 2025, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 2 of 1,101 Competitors
2. Staffbase
Cloud-based communication platform for employees. It facilitate two-way communication, gather feedback, and increase engagement across the workforce. It provides employees with company news, information, and resources. Platform includes features for conducting employee surveys, which help organizations gather feedback and insights from their workforce.
Key facts about Staffbase
- Founded Year: 2014
- Location: Chemnitz (Germany)
- Stage: Series E
- Total Funding till date: $295M
- Investors: Kizoo, General Atlantic and 7 Others
- Latest Funding Round: Series E, Mar 15, 2022, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 3 of 366 Competitors
3. Localyze
Cloud-based HRMS platform for employee mobility management. The platform offers answers for immigration, visa changes, temporary mobility, office relocation, and other issues. It has a dashboard for managing case progress, duties, time, and date, as well as the ability to manage numerous offices. The platform may be linked to Google, Okta, BambooHR, Workday, and other services.
Key facts about Localyze
- Founded Year: 2018
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $47.3M
- Investors: Blossom Capital, General Catalyst and 14 Others
- Latest Funding Round: Series B, Sep 07, 2022, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 1 of 80 Competitors
4. HeyJobs
Cloud-based recruitment platform for passive candidates. Provides a platform that allows employers to post job openings on social media platforms(Facebook, Twitter, and Instagram), job boards, and classified portals. This platform uses a machine-learning algorithm to match jobs on the basis of candidates skills. Also helps employers to analyze the performance of their recruitment channels. It caters to companies in multiple industries such as logistics, retail, hospitality, and healthcare.
Key facts about HeyJobs
- Founded Year: 2016
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $59M
- Investors: Notion, Cherry Ventures and 12 Others
- Latest Funding Round: Series B, Mar 24, 2022, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 18 of 7,803 Competitors
5. Speexx
Provider of online language training and business coaching. It offers digital language training programs, skills assessments, and business coaching services. The platform integrates with existing HR and learning management systems. Training includes live classes and personalized coaching sessions, utilizing a needs analysis to tailor content to individual learners. Business coaching focuses on personal and professional development goals, with coach matching based on client needs. The platform provides tools for tracking progress and issuing certifications.
Key facts about Speexx
- Founded Year: 2011
- Location: Germany
- Stage: Series B
- Total Funding till date: $10.9M
- Investors: Ventech, Eiffel Investment Group and 3 Others
- Latest Funding Round: Series B, Oct 30, 2020, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 5 of 796 Competitors
Companies founded year-on-year in the HR SaaS sector in Germany
65 HR SaaS startups in Germany were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 9 |
2024 | 23 |
2023 | 40 |
2022 | 43 |
2021 | 52 |
2020 | 65 |
2019 | 55 |
2018 | 50 |
2017 | 45 |
Stage-wise distribution of HR SaaS sector companies in Germany
Out of the total 955 HR SaaS companies in Germany, 171 have secured funding. Among them, 110 have reached Series A or higher, and 97 to Series B or beyond.
Founded - 955
Funded - 171
Series A+ - 110
Series B+ - 97
Series C+ - 92
Company Stage | No. of companies |
|---|---|
Founded | 955 |
Funded | 171 |
Series A+ | 110 |
Series B+ | 97 |
Series C+ | 92 |
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Funding Trends in the HR SaaS sector in Germany
Total funding year-on-year in the HR SaaS sector in Germany
The HR SaaS sector in Germany saw a total funding of more than $1.61B in the last 10 years. The most amount of funding was in 2021 at more than $639M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $65.5M |
2024 | $40.6M |
2023 | $53.6M |
2022 | $563M |
2021 | $639M |
2020 | $100M |
2019 | $78.4M |
2018 | $35.4M |
2017 | $26.4M |
Recent Funding Rounds in HR SaaS in Germany
In the year 2025, till November 2025, HR SaaS companies in Germany have raised $65.3M in equity funding across 7 rounds.
In the same period last year (i.e. till November 2024), HR SaaS companies in Germany had raised $21.5M across 10 rounds.
So, 2025 has seen a 203.22% rise in funding in HR SaaS companies in Germany as compared to 2024.
Here are some recent, important funding rounds in HR SaaS companies in Germany:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Angel | 8458 | Nov 03, 2025 | - | |
Series A | 4371 | Sep 30, 2025 | and 3 more | |
Seed | 5104 | Sep 10, 2025 | ||
Series E | 4017 | Jun 06, 2025 | - | |
Seed | 2932 | May 15, 2025 |
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Top Investors in HR SaaS in Germany
General Catalyst is the top investor in HR SaaS companies in Germany based on number of companies invested.
Here are some top investors in HR SaaS companies in Germany:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Berlin (Germany) | ||
San Francisco (United States) | MoBerries and Hardskills | |
Sunnyvale (United States) | ||
Menlo Park (United States) |
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M&A activity in HR SaaS sector in Germany
In the year 2025, till October 2025, 5 acquisitions happened in HR SaaS sector in Germany. Last year, in 2024, a total of 8 acquisitions happened in HR SaaS sector in Germany.
Here are some recent, important acquisitions in HR SaaS sector in Germany:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 13, 2025 | ||
Business Acquisition | Oct 01, 2025 | ||
Business Acquisition | Aug 27, 2025 | ||
Business Acquisition | Mar 12, 2025 | ||
Business Acquisition | Jan 20, 2025 |
Acquisition trends in HR SaaS sector in Germany
Here are the acquisition trends in HR SaaS sector in Germany:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 5 |
2024 | 8 |
2023 | 10 |
2022 | 6 |
2021 | 5 |
2020 | 5 |
2019 | 5 |
2018 | 2 |
2017 | 1 |
IPOs in HR SaaS in Germany
In the year 2017, till June 2017, 1 IPO happened in HR SaaS sector in Germany.
Here are some recent, important IPOs in HR SaaS sector in Germany:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 30, 2017 | Tokyo Stock Exchange (TSE) | |
Dec 08, 2006 | Frankfurt Stock Exchange (FRA) | |
Mar 21, 2000 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most HR SaaS companies in Germany
Companies founded by alumni from top colleges in the HR SaaS in Germany
Most number of HR SaaS startups in Germany have been founded by alumni from Kellogg School of Management, London School of Economics and Political Science and Technical University of Munich.
College | No. of companies |
|---|---|
Kellogg School of Management | 3 |
London School of Economics and Political Science | 3 |
Technical University of Munich | 3 |
Duke University | 2 |
Stanford University | 2 |
Columbia University | 1 |
Fuqua School of Business | 1 |
HEC Paris | 1 |
Harvard University | 1 |
Ivey School of Business | 1 |
Total funding in HR SaaS companies founded by alumni from top colleges in Germany
In the last 10 years, NYU Stern School of Business and Technical University of Munich graduates' HR SaaS companies in Germany have raised the most funding among top colleges, and London School of Economics and Political Science alumni are third.
College | Total Funding |
|---|---|
NYU Stern School of Business | $751M |
Technical University of Munich | $751M |
London School of Economics and Political Science | $83.8M |
Kellogg School of Management | $75.6M |
HEC Paris | $60M |
University of Oxford | $60M |
Columbia University | $4M |
Duke University | - |
Fuqua School of Business | - |
Harvard University | - |
Top News in HR SaaS in Germany
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Employers Health Network and Mind Match Announce Strategic PartnershipBusiness Wire•Oct 07, 2025•Employers Health Network, MindMatch
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Leapsome Launches Free Meetings Module to Help Managers Drive Alignment and ProductivityBusiness Wire•Mar 20, 2024•Leapsome
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TalentÁrea signs a strategic alliance with Personio to enhance talent in organizationsEl Confidencial Digital•Mar 06, 2024•Talentarea, Personio
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