Zoios funding news – HRtech Startup Zoios Secures €1 Million in Seed Funding
Jun 26, 2024 | By Team SR
HRtech startup Zoios secures €1 million in seed funding to turn poor managers into great leaders. The Danish firm offers a platform driven by AI that monitors worker performance and well-being and makes suggestions for HR managers and leadership groups.
SUMMARY
- HRtech startup Zoios secures €1 million in seed funding to turn poor managers into great leaders.
- Copenhagen-based Zoios was founded by Mikkel Agesen and Christian Højbo Møller in 2021.
According to Zoios CEO, Christian Højbo Møller, poor leadership is becoming more costly with an increasingly intense fight for talent where the negotiation power has shifted from employer to employee. “Meanwhile, declining well-being in the workplace and increasing stress levels is no longer acceptable. It’s no wonder that talented leaders contribute 48 per cent higher profits. That’s remarkable. The same leadership problems have existed for centuries indicating that the current solution doesn’t solve them. We don’t need more theory, we need actual insight, time and tools that support the leader daily. Our solution has proven to improve employee well-being by 19% and decrease organisational stress by 18% in just 6 months.”
Thus far, they have made a name for themselves in the Scandinavian market by collaborating with major corporations like Maersk and Telenor Red Cross, as well as smaller companies like Veo and Donkey Republic.
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Knowledge professionals are especially well-suited for Zoios. The platform monitors the eight factors—manager support, social well-being, and personal growth—that contribute to a contented and effective work life.
The software gives CEOs, HR specialists, and People & Culture teams statistics and customised recommendations on where to make adjustments based on anonymous employee input. People's Ventures, Y Combinator, and a group of well-known Danish angel investors provide the money.
Christian Tost, General Partner in People Ventures, shared: “We see a huge potential for Zoios as a platform to make leadership more data-driven and copilot the managers as they lead their team. Good managers and leaders are likely the one thing every executive knows to be a “power lever” to successful teams and departments. They are already on the brink of being a profitable business while growing triple digits yearly, which just makes the case even stronger.”
About Zoios
Copenhagen-based Zoios was founded by Mikkel Agesen and Christian Højbo Møller in 2021. Do more than just surveys - get insights into the entire Employee Experience with Zoios People Analytics™. Find new and data-driven ways to increase well-being and performance. Understand the entire Employee Experience and Reduce Turnover.