Munich-based employee enablement platform Zavvy has raised $4 million in seed funding. The round was led by European early-stage VC fund La Famiglia VC. Additional participants included Emerge Education, Picus Capital, and a number of angel investors, including Renaud Visage (co-founder of Eventbrite and venture 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 companies and has signed on dozens of customers since its soft launch. It will invest heavily in product development and growing its customer base. It will also focus on listening and training solutions in early 2022 to expand its product offerings.
Founded by Joshua Cornelius and Mehmet Yilmaz in 2021, the startup helps growing companies easily automate employee experiences that drive performance and increase talent retention with solutions such as onboarding, continuous development, and connecting employees in hybrid setups.
Joshua Cornelius and Mehmet Yilmaz, co-founders of Zavvy said: “Career development is essential for why people join and stay at a company, especially for Gen Y and Z. If you're not enabling your team to develop, it’s just a matter of time until they leave. Professional development requires solutions that are easy to use, social, and embedded into the flow of work. An engaging experience is a must.”
Judith Dada, general partner at 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 businesses understand and manage the growth path of their employees - starting from onboarding all the way to development cycles.”