Tilt Raises $10M for Its Leave of Absence Management Platform
Tilt is helping workplaces, human resource teams and employees manage leaves of absence with its tech platform. The company secured $10 million in new funding this week to continue growing and developing its platform.
Fort Collins-based Tilt describes itself as a company “humanizing the employee leave of absence experience.” According to Tilt, when an employee takes an extended leave of absence for parental leave or other personal reasons, there is a disconnect between departments and teams. This can cause low productivity among employees and costs the company valuable resources.
Tilt’s software communicates essential information across teams and departments to facilitate workflow during a team member’s leave. Its platform also helps HR teams comply with leave of absence laws and create a payroll for employees on leave.
The fresh funding will enable Tilt to scale its platform and team to meet the “immense” demand for its product, the company said in a statement.
Origin Ventures, a VC firm that backs seed and Series A-stage companies, led the round.
“The modern labor force expects leaves of absence — in various forms, including those related to family medical leave — to be well-managed before, during and after the absence. Tilt’s technology delivers a seamless employee experience while coordinating compliance and financial settlement for HR and finance professionals,” Brent Hill, a managing partner at Origin Ventures, said in a statement.