Copenhagen-based Zoios, an AI-powered platform that tracks employee well-being and performance, announced on Wednesday, that it has secured $1M (approximately €936K) in funding in a Seed round.
The funding round was backed by People’s Ventures, Y Combinator, and a syndicate of prominent Danish angel investors, including Christian Lohmann, Stefan Rosenlund, and Martin Ackermann.
With this investment, the company expects to become profitable within a year, following a 230 per cent growth rate.
What does Zoios solve?
According to Gallup research, only 18 per cent of those currently in management positions demonstrate a high level of talent for managing others, while just about 20 per cent show a basic talent for it.
And that’s what Zoios aims to improve.
“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 are no longer acceptable. It’s no wonder that talented leaders contribute 48 per cent higher profits,” says Zoios CEO, Christian Højbo Møller.
Zoios: Tracks employee well-being and performance
Founded in 2021 by Christian Højbo Møller and Mikkel Agesen, Zoios provides an AI-powered platform that tracks employee well-being and performance and delivers recommendations for leadership teams and HR professionals.
“Companies currently spend more budget on leadership development programs than all of the HR tech combined. 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,” says Christian.
Suited specifically for knowledge workers, the platform tracks the 8 drivers behind a happy and productive work life such as the feeling of support from managers, social well-being, and personal development.
Based on the anonymised input from the employees, Zoios AI-powered platform then provides leaders, HR professionals, and People & Culture teams with data and tailored advice on where to adjust.
“Our solution has proven to improve employee well-being by 19 per cent and decrease stress in organisations by 18 per cent in just 6 months,” adds Christian.
Currently, the company is working with big organisations such as Telenor, Red Cross, and Maersk as well as scaleups like Veo and Donkey Republic.
The investor
Based out of Denmark, People Ventures backs early-stage companies.
“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. Them already being on the brink of being a profitable business while growing triple digits every year just makes the case even stronger,” says Christian Tost, General Partner in People Ventures.
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