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

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Munich-based employee enablement platform Zavvy has raised $4 million in seed funding. The round was led by European early-stage venture capital fund La Famiglia VC. Other attendees included Emerge Education, Picus Capital and a number of angel investors, including Renaud Visage (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 midsize businesses and has signed up 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 Cornelius and Mehmet Yilmaz in 2021, the startup helps growing companies easily automate employee experiences that drive performance and increase talent retention with solutions like onboarding, continuous development, and connecting people. employed in hybrid configurations.

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. »

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