Tilt has revealed that it has secured $10 million in funding to support its ongoing expansion and fulfilling the substantial market demand by investing in its technology and partnerships. Additionally, the company intends to grow its team to ensure a compassionate and positive leave experience for all its users.
Many HR departments face a staff shortage and depend on outdated systems, resulting in an inefficient and disorganized process for managing leaves of absence, creating a frustrating and impersonal experience for employees. Tilt's research-based approach to managing LOAs has been extremely useful for HR teams throughout the United States, providing a smooth process for managing leaves that benefits HR, payroll, employees, and managers in every state while saving organizations time and money.
"This round reflects the dedication and passion Tilters have put forth in our unwavering mission to make leave not suck. What we've been able to accomplish with our previous funding round has been tremendous. We've seen our Tilt family triple as we've made massive strides in evolving our platform to make leave management easier than ever for HR, all while continuing our commitment to provide the most empathetic leave experience for employees. With this new capital, we'll be able to invest in growing our team and enhancing our solution even further as we continue to deliver the best leave of absence experience in the world," said Jennifer Henderson, CEO and Founder, Tilt.
Tilt provides a straightforward yet effective solution that helps HR teams automate administrative tasks, reduce confusion around leave laws, educate managers, support payroll, and boost compliance confidence while safeguarding employee data. The recent funding round will enable Tilt to enhance the capabilities of its web-based platform and human support system and HR teams to provide a consistently compassionate and supportive leave experience for the employees they serve.
"Jen and the Tilt team are truly inspiring. The pandemic accelerated a reassessment of the relationship between employees and their employers and we've seen this team execute and capture the moment. We've been thoroughly impressed by their ability to build a thoughtful and scalable product that is a win-win for employers and their workforces. We are excited for the growth opportunity ahead for the company and have conviction that this team will continue to excel," said Brigette Lau, Founding Partner at Firework Ventures.
Tilt provides HR departments a solution for their most frustrating task while enhancing employee retention with customized support and compassionate technology.
