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Zeal raised $15M in a Series B funding round led by Portage to revolutionize payroll for modern work.

Oct 10, 2024•9 months ago

Amount Raised

$15 Million

Round Type

series b

San FranciscoSoftwareInformation Technology

Investors

Commerce VenturesSpark CapitalPortage

Description

Zeal successfully closed a $15 million Series B funding round to redefine payroll for innovative staffing companies and HR service providers. This investment, led by Portage and supported by Spark Capital and Commerce Ventures, will help Zeal innovate and provide cutting-edge payroll solutions.

Company Information

Company

Zeal

Location

San Francisco, California, United States

About

Zeal is the modern payroll platform that is purpose-built for staffing, gig-work, and HR service companies to handle payroll for modern work. Forget antiquated providers, manual data entry, and bad worker experiences. Automate payroll, taxes, and compliance with our end-to-end, customizable payroll platform.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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