Zeal, an API-first payroll infrastructure provider, has raised $13 million in a Series A round led by Spark Capital.
Commerce Ventures and notable individual investors, including Marqeta CEO and Founder Jason Gardner and CRO Omri Dahan, Robinhood Founder Vlad Tenev, UltimateSoftware EVP Mitch Dauerman, and SVP Bob Manne, and Namely Founder Matt Straz also participated in the round.
The additional funds will be used to expand the Zeal team and scale the product to meet growing consumer demand.
Round: Series A
Funding Month: June 2021
Lead Investors: Spark Capital
Additional Investors: Commerce Ventures and notable individual investors, Marqeta, Jason Gardner, Omri Dahan, Vlad Tenev, Mitch Dauerman, SVP Bob Manne, and Matt Straznick
Company Website: https://www.zeal.com/
Software Category: Payroll infrastructure
About the Company: Zeal was founded in San Francisco in 2019 and was part of Y Combinator’s 2019 cohort. Zeal’s technology empowers HR, staffing, vertical SaaS, point of sale, gig staffing, and back-office platforms to build highly individualized payroll products for their users-while Zeal sits hidden in the background to ensure that American employees and businesses are paid correctly and efficiently.