Munich start-up raises $4 million to help small businesses empower their staff

Munich-based employee enablement platform Zavvy raised $4 million in seed funding. The round was led by a European early-stage venture capital fund The Family VC. Additional participants included Emerge Education, Capital Picusand a number of angel investors, including Renaud Face (co-founder of Eventbrite and venture capital partner at Point Nine), Hanno Renner (co-founder and CEO of Personio), and Michael Wax (co-founder and CEO of Forto).

The company will use the new funding to target modern mid-sized businesses and has signed on dozens of clients since its soft launch. It will invest heavily in product development and customer growth. It will also focus on listening and training solutions in early 2022 to expand its product offerings.

Founded by Joshua Corneille and Mehmet Yilmaz in 2021, the startup helps growing companies easily automate employee experiences that boost performance and increase talent retention with solutions like onboarding, continuous development, and employee connection in hybrid setups.

Joshua Cornelius and Mehmet Yilmaz, co-founders of Zavvy, said, “Career development is essential for people to join and stay with a company, especially for Gen Y and Z. If you don’t allow your team it’s just a matter of time until they’re gone. Professional development requires solutions that are easy to use, social, and integrated into the workflow. An engaging experience is a must.

Judith Dada, General Partner of La Famiglia VC, said, “As companies increasingly become a commodity in the eyes of strong talent, we believe they need to rethink their entire employee experience to stay competitive. Zavvy helps companies understand and manage their people’s growth path – from onboarding through development cycles. »

Comments are closed.