German HRTech Penzilla Raised €3.2 Mn For Ffair And Transparent Pension Plan

The funding round was led by Acadian Ventures and Delin Ventures. Other investors include Robin Capital, existing backers like Motive Ventures and WENVEST Capital, and well-known German angel investor Diana zur Löwen.

“This funding is a significant milestone for Penzilla. It allows us to further develop our product and continue our growth with determination,” says Co-founder Catherine Leser. “We are proud to be working with such renowned investors who share our vision and look forward to taking the next steps together.”

Penzilla, founded in 2022, is building a software platform to make company pension plans easier to manage. Their goal is to make workplace pensions more simple, fair, and efficient for both employers and employees.

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The platform helps companies take social responsibility, while employees get a clear and fair pension plan.

With the new funding, Penzilla plans to grow in the market and become the leading software for managing company pension schemes (also known as bAV in Germany).

“Occupational pensions are an underestimated lever in HR strategy – but they are often stuck in Excel hell,” says Co-founder Christoph Leser. “Penzilla is the first operating system that unites all stakeholders – HR department, payroll accounting, pension providers – on one platform. This saves companies time and money, reduces risks and increases their attractiveness as an employer.”

Thomas Otter, General Partner at Acadian Ventures, emphasises: “We have analysed the market for company pension schemes intensively for a long time. While many players operate primarily as online brokers, we see enormous untapped potential for technological innovation here. Penzilla convinced us with its consistent software-first approach. This superior technology makes it possible to solve the complex challenges in the occupational pension schemes of large SMEs and international corporations efficiently, transparently and in a future-proof manner – a fundamental difference to existing solutions.”

Companies use Penzilla to manage pension plans for thousands of employees and retirees. This helps them save on admin costs, reduce legal risks, and clearly show employees the benefits of having a company pension plan.

For Iskender Dirik from Delin Ventures, added: “We invest with conviction in startups that move Germany forward. Penzilla is the first investment of our fund – because occupational pension provision is not a marginal issue, but a way of securing the future for millions.”

About Penzilla

Penzilla is a company that developed an SaaS platform for company pension schemes, aiming to simplify and streamline occupational pensions for both employers and employees. Their platform integrates with HR systems, digitizes relevant documents, and manages all pension-related processes in an automated and digital way.