Tilt, an HRTech platform that aims to improve the employee leave of absence process in a significant way using a platform-based approach, has recently raised $10 million in a funding round led by Origin Ventures, with participation from Firework Ventures.
The Colorado-based startup plans to use the funding to support its ongoing expansion and fulfilling the substantial market demand by investing in its technology and partnerships. It also intends to grow its team to ensure a compassionate and positive leave experience for all its users.
Founded by Jen Henderson in 2017, Tilt offers organizations a stress-free and cost-saving leave of absence management platform that streamlines the entire process. This frees up time and ensures that each leave is handled empathetically, effectively, and consistently. The firm also makes it easy for organizations to capitalize on funds from state and local government benefit programs while keeping data secure and reducing compliance risk. It also provides HR departments with a dream solution for their most headache-inducing task while helping retain employees through personalized support and empathetic technology.
Tilt’s research-based approach to LOAs has proven invaluable to HR teams across the country, making managing leaves seamless for HR, payroll, employees and managers no matter what state they reside, all while saving organizations time and money.
Speaking about the capital raised, Founder & CEO of Tilt, Jennifer Henderson, said:
This round reflects the dedication and passion Tilters have put forth in our unwavering mission to make leave not suck. What we’ve been able to accomplish with our previous funding round has been tremendous. We’ve seen our Tilt family triple as we’ve made massive strides in evolving our platform to make leave management more accessible than ever for HR, all while continuing our commitment to provide the most empathetic leave experience for employees. With this new capital, we’ll be able to invest in growing our team and enhancing our solution even further as we continue to deliver the best leave-of-absence experience in the world.
The company’s simple yet powerful solution helps People Teams shine by automating HR’s busy work, alleviating leave law confusion, educating managers, supporting payroll, and increasing compliance confidence while protecting employee information. With the recent funding round, Tilt also plans to enhance the capabilities of its web-based platform and human support system and HR teams to provide a consistently compassionate and supportive leave experience for the employees they serve.
Brigette Lau, Founding Partner of Firework Ventures, added:
Jen and the Tilt team are truly inspiring. The pandemic accelerated a reassessment of the relationship between employees and their employers, and we’ve seen this team execute and capture the moment. We’ve been thoroughly impressed by their ability to build a thoughtful and scalable product that is a win-win for employers and their workforces. We are excited about the growth opportunity ahead for the company and have the conviction that this team will continue to excel.
Managing Partner of Origin Ventures, Brent Hill, commented:
The modern labour force expects leaves of absence – in various forms, including those related to family medical leave – to be well-managed before, during, and after the absence. Tilt’s technology delivers a seamless employee experience while coordinating compliance and financial settlement for HR and finance professionals. Our firm is pleased to be helping Tilt deliver on its vision for the Workplace of the Future.