Zelt, a London, UK-based HR tech startup that enables companies to manage HR, IT, and financial tasks on one platform, raised $3.5 million in seed funding.
The round was co-led by Episode 1 Ventures and Village Global, with participation from a number of angels and VC scout funds, including Charlie Songhurst, Trouva co-founder Mandeep Singh, Drover founder Felix Leuschner, and Habito CEO Daniel Hegarty.
The startup aims to simplify the processes associated with the likes of payroll, hardware assignment, and annual leave. Zelt predominantly targets small businesses and counts the likes of Robin and Mumsnet among its customers.
"Previously I focused on investing in B2B software verticals but HR lags behind other areas by a generation, it's been underinvested in because it's further from revenue," Christopher Priebe, CEO and founder at Zelt told Insider. "Companies need around four to six tools for on and offboarding, it's hard to automate and self-service is impossible, meaning that HR and finance teams spend so much time on administration."
Company: Zelt Technology Ltd.
Raised: $3.5M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Episode 1 Ventures and Village Global
Additional Investors: Charlie Songhurst, Mandeep Singh, Felix Leuschner, and Daniel Hegarty
Company Website: https://zelt.app/
Software Category: HR Software
About the Company: Founded in 2021 by Christopher Priebe, Zelt is a startup that provides HR software that automates IT and payroll. Zelt provides companies with a single system from which they can manage HR, IT, and financial operations across the employee lifecycle, enabling leadership teams to consolidate vendors and automate tasks where it concerns employees—across HR, payroll, onboarding, expenses, and more.
Source: https://www.businessinsider.com/zelt-hr-tech-startup-raises-35-million-seed-funding-vcs-2023-7