Penzilla, a Munich-based HR tech startup, has raised €3.2 million in seed funding to enhance its software platform for managing occupational pensions, with support from notable investors such as Acadian Ventures and Delin Ventures.

Information on the Target

Penzilla, a Munich-based HR tech startup, has successfully secured €3.2 million in its seed funding round. The company is dedicated to revolutionizing the management of occupational pension schemes (bAV) through innovative software solutions. Penzilla's primary goal is to simplify the entire bAV process for companies, thereby enhancing efficiency and effectiveness in managing employee pensions.

With its software, Penzilla seeks to provide a comprehensive platform that unifies all relevant stakeholders, including HR departments, payroll services, and pension providers. By moving beyond traditional methods, often hampered by cumbersome spreadsheets, the company aims to streamline operations and increase the attractiveness of employers to prospective employees. Major brands such as Lacoste and ProSiebenSat.1 Media SE are already utilizing Penzilla’s solutions, validating its market relevance.

Industry Overview in Germany

The Occupational Pension (bAV) sector in Germany has historically faced challenges due to its complexity and heavy reliance on manual processes. As the demand for modern HR solut