Zelt, a UK-based all-in-one people operations software provider, has recently raised $6 million in a funding round led by Nauta, with participation from Venrex and Episode 1. With this investment, the company plans to further build out its product set to include more areas of operations, expand to new geographies, and add new and improved features to support customers.
Founded in 2020 by Chris Priebe, a former VC and PE investor with experience in HRTech, Zelt allows companies to manage their workforce across the lifecycle. By bringing together HR, Finance and IT into a single system, administrators and line managers can get a holistic view of their teams across the lifecycle, and individuals can self-serve to a degree that was not possible previously due to the integrated nature of the system. Since its launch, the platform has gained over 150 users, including Shakespeare’s Globe, Club L, and Mumsnet.
Commenting on the fundraising, Chris Priebe, Founder and CEO at Zelt, said:
2024 was an excellent year for Zelt as we launched our new Growth module, onboarded our first 1,000+ headcount organisation and closed a new round of funding that will enable us to invest even more into building the best product available in the market. We see a $50bn opportunity globally as organisations move from legacy and point solutions to a next-generation all-in-one platform. Alongside the capital, it’s great to have such an experienced and well-aligned investor like Nauta as a partner at this stage in our journey.
The rollout of cloud software has resulted in the creation of innumerable point solutions for onboarding, payroll, holidays, benefits, and performance management. As a result, organizations must navigate a tangle of tools and subscriptions, making data, processes, and reporting difficult to manage. The startup aims to centralize this data with features enabling clients to stack together a range of modules on the platform to build workflows and automate manual processes such as employee onboarding or payroll.
Carles Ferrer, General Partner at Nauta, added:
By investing in B2B software, Nauta has a strong grasp on the variety of solutions in place across the enterprise landscape to pay, support, and monitor employees. We have also seen how these solutions have evolved and grown over the last twenty years to the point where enterprises can have hundreds of subscriptions and chaotic practices in place to satisfy the workforce’s needs. Zelt answers this problem, enabling a more modern approach to people operations and offering a seamless way to save time and money. Many mid-market companies are looking for all-in-one solutions now, and we’re excited to watch Zelt pursue this opportunity. The team has already achieved some impressive milestones, and Nauta is delighted to be backing them.
