Zelt Leads $6M Funding to Revolutionize People Operations
Deal News | Jan 30, 2025 | Nauta Capital
Zelt, a London-based all-in-one people operations software, has successfully raised $6 million in a funding round led by Nauta Capital with participation from Venrex and existing investor Episode 1. Founded in 2020 by former VC and PE investor Chris Priebe and former product lead Polina Vorms, Zelt offers a platform that integrates HR, Finance, and IT functions to streamline and automate workforce management for midmarket businesses. This funding will fuel the expansion of Zelt's product offerings, as well as its geographic reach, positioning it as a global leader in the field. By centralizing and modernizing people operations functions, Zelt aims to replace the complex web of point solutions with a single, user-friendly platform, thus improving efficiency and reducing costs for its clients. Zelt currently serves over 150 organizations and has recently introduced a new Growth module, which has attracted its first large-scale client. Backed by the expertise of its investors, Zelt is set to capitalize on a $50 billion market opportunity as businesses transition to comprehensive, integrated software solutions.
Sectors
- Human Resources Technology
- Venture Capital
- Software as a Service (SaaS)
Geography
- United Kingdom – Zelt is a London-based company expanding its operations and reach with the newly raised funds.
- Europe – Nauta Capital, with locations in London and Barcelona, indicates the European focus of the investment and operations.
Industry
- Human Resources Technology – The article involves Zelt, a company providing an all-in-one HR, Finance, and IT management software solution.
- Venture Capital – Nauta Capital, a venture capital firm, is leading the funding round, highlighting its involvement in early-stage investments.
- Software as a Service (SaaS) – Zelt offers software solutions on a cloud-based, subscription model targeting midmarket businesses.
Financials
- $6 million – The amount raised by Zelt in the funding round led by Nauta Capital.
- $50 billion – The size of the global market opportunity Zelt expects to tap into as it expands its operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zelt | Target Company | Company | A company providing an all-in-one solution for people operations, integrating HR, Finance, and IT functionalities. |
| Nauta Capital | Lead Investor | Company | A pan-European venture capital firm focusing on early-stage B2B software companies. |
| Venrex | Investor | Company | A participant in the funding round supporting Zelt's expansion plan. |
| Episode 1 | Existing Investor | Company | A returning investor in Zelt's continued growth and market penetration. |
| Chris Priebe | Co-Founder and CEO | Person | Co-founder of Zelt, overseeing its strategic vision and growth initiatives. |
| Polina Vorms | Co-Founder | Person | Co-founder of Zelt with a background in product development and management. |
| Carles Ferrer | General Partner at Nauta Capital | Person | Key decision-maker representing Nauta Capital's interest in backing Zelt. |