UK-based HR startup raises seed funding to make it simpler for startups and SMBs to handle HR, IT and monetary operations all through the worker lifecycle
LONDON, UK, THURSDAY 20TH JULY, 9:00AM: UK-based HR startup, Zelt right this moment introduced it has raised $3.5M in seed funding in a spherical co-led by Episode 1 Ventures and Village International, with participation from various high-profile angels together with Charlie Songhurst, Mandeep Singh, Felix Leuschner and Daniel Hegarty.
Launched final yr, Zelt gives corporations with a single system from which they will handle HR, IT and monetary operations throughout the worker lifecycle, enabling management groups to consolidate distributors and automate duties the place it considerations workers – throughout HR, payroll, onboarding, bills and extra.
“Till now, corporations wanted to piece collectively various completely different instruments to be able to run even primary folks operations, because of the restricted scope of the present instruments obtainable. This made it tough for corporations to take a holistic method, to not point out facilitate automation and self-service choices.” commented Zelt Founder and CEO, Chris Priebe.
Research from each Ernst & Younger and CM have not too long ago proven that HR professionals spend 86% of their time on administrative work inside HR, whereas 85% of workers really feel that info on common firm procedures just isn’t simply accessible.
Zelt’s intentionally holistic method permits fashionable employers to help their workers inside one platform all through your entire worker lifecycle, offering all of the companies every individual wants at each milestone. By consolidating applied sciences inside its platform, Zelt reduces the necessity for corporations to cross worker knowledge from one system to a different, enhancing total knowledge safety and governance – a urgent concern of the Nationwide Cyber Safety Centre (NCSC) following various current high-profile incidents that uncovered hundreds of thousands of delicate worker data.
Because it scales its providing for midmarket shoppers, Zelt already counts various quick rising tech startups and medium-sized companies amongst its increasing buyer base, a few of these shoppers embrace software program platforms One Buying and selling, Two Inc, Deblock, Mumsnet and One Dome.
“As quickly as we began utilizing Zelt’s product we received excited. Chris has flipped the traditional considering on its head and prioritised the worker journey proper from the beginning. Zelt has labored out what companies each worker wants and places them on a timeline that makes essentially the most sense for the consumer. Onboard in minutes with the suitable gadget and payroll configuration, setup software program instruments and schedule workflows, after which add to that as the connection evolves.” commented Paul McNabb, accomplice at Episode 1 Ventures.
Utilizing automation and a self-service platform, Zelt goals to ease administrative workloads by merging the core elements of individuals operations right into a single system that’s built-in, automated and intuitive for workers to make use of.
“Within the US, lots of our portfolio corporations have already changed their HRIS with a extra highly effective platform similar to Rippling, and seen rapid buyer ROI. This pattern is now spreading throughout the globe, and Zelt is likely one of the finest merchandise we’ve seen out there. So we’re extraordinarily eager to help Chris as he continues to additional enhance the product and scale internationally.” commented Anne Dwane, co-founder and accomplice at Village International, the enterprise agency backed by tech magnates like Invoice Gates, Jeff Bezos and Mark Zuckerberg.
Zelt, which was not too long ago nominated for consumer expertise and design awards, the Awwwards, will use its newest tranche of funding to extend its advertising and marketing effort, and fulfill the rising demand from more and more bigger, extra worldwide clients.
Press Contact
Identify: Megan Beaumont
Electronic mail: [email protected]
About Zelt
Zelt permits corporations to effectively handle their workforce throughout the lifecycle. By bringing collectively HR, IT & Finance right into a single system, directors and line managers can now get a holistic view of their groups throughout the lifecycle, and people are in a position to self-serve to a level that was not attainable beforehand, due the built-in nature of the system. Zelt is targeted on constructing a platform able to lowering the time workers and employers spend managing a number of distributors and repeating handbook duties related to folks operations actions.
About Episode 1 Ventures
Episode 1 is a founder-centric VC fund run by former entrepreneurs that make investments at pre-seed and seed. Being among the many earliest traders in corporations like Carwow, Robin.ai, Huboo, Sano Genetics, Raft.ai, Attest, Omnipresent and CloudNC, Episode 1 is constructing a tech-augmented fund utilizing the most recent in AI to help their funding staff find the subsequent technology of outlier founders.
Originally posted 2023-07-20 15:38:37.