All Gravy, which helps bolster their employee happiness, has closed its seed round on €3,2m.
The investment was led by Moonfire Ventures, an investor focused on early-stage founders.
Following the close of the round, All Gravy plans to enhance its employee focused app and develop more tools for its platform. Additionally, it is seeking to hire more people to join its team and launch in the UK.
Founded in Denmark in 2020, All Gravy helps businesses understand, motivate and retain their hourly paid employees. It offers actionable insights, such as employee turnover, happiness and location performance. It also streamlines employees taking shifts across different branches.
All Gravy also offers a financial wellness product, which the company claims boosts shifts taken by 20% and retention by 15%.
The financial wellness product integrates with existing payroll and workforce management systems. Through the mobile app, employees gain access to earned wages at no extra cost or fees.
All Gravy also gives them a full overview of shifts taken an earnings per shift, as well as a full overview of their personal finances, such as bills and savings goals.
Finally, the app helps to boost financial awareness for savings, by showing the user all the bills that are due during the pay period.
Late last year, Moonfire Ventures joined the $35m Series B funding round of Pento, a cloud-based payroll software solution. The Denmark-based FinTech company imports existing employee data, such as salary, tax code, deductions and pension information, and can automate payroll services.
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