# Bayzat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bayzat

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.bayzat.com
- Total disclosed funding: $20M
- Latest round: Series B (Oct 21, 2019)
- Investors on record: 9

## About

Bayzat LLC is a UAE-based provider of an integrated HR and employee benefits platform that automates HR, payroll, and insurance processes for businesses, enabling operational efficiency and improved employee experiences.Founded in 2012 in Dubai, United Arab Emirates, Bayzat LLC specializes in offering a comprehensive HR management platform. The company has successfully raised a total of USD 25.00 mn in funding, with the latest round being a Series C investment of USD 25.00 mn led by ADQ in December 2022. The firm's strategic focus has remained consistent on enhancing its offerings in HR technology without any significant shifts in its core operations. The CEO, Talal Bayaa, alongside founder Tarek Bayaa, has been pivotal in driving the company's vision since inception.Bayzat offers an all-in-one HR and employee benefits platform designed to streamline and automate HR, payroll, and insurance processes for businesses in the UAE. The platform includes functionalities such as core HR management, payroll processing, talent management via an Applicant Tracking System (ATS), and insurance benefits management, covering group and individual health insurance as well as motor insurance. By automating administrative tasks, Bayzat enables clients to focus on strategic growth and employee engagement. The platform is utilized by over 3,000 companies in various sectors within the UAE, enhancing operational efficiency for HR managers, finance teams, and employees.Bayzat generates revenue primarily through a subscription-based model providing access to its HR and employee benefits platform. Clients engage in tiered subscription agreements for services including payroll automation, performance management, and insurance administration. The revenue structure is designed to cater to businesses of varying sizes, ensuring tailored solutions. Bayzat's offerings also include a Payroll Management System and advanced finance automation tools that enhance compliance and financial reporting, thereby delivering structured value to its customers.In December 2022, Bayzat FZ LLC raised USD 25.00 mn in Series C funding, led by ADQ and supported by Ischyros New York. The company plans to utilize this funding to expand its business across the Middle East, targeting new markets for its HR technology solutions. Specific timelines for geographic expansion have not been disclosed, but the funding will support strategic initiatives aimed at enhancing the product offerings and market reach.

## Funding rounds

- Series B, Oct 21, 2019, $16M — Endeavor Catalyst, Point72 Asset Management, Mubadala Capital, Greyhound Capital, Elm Company, Tech Invest Com, Hub71
- Series A, Aug 1, 2016, $3.5M — BECO Capital, Precinct Partners
- Series A, Jun 28, 2015, $0.9M — BECO Capital

## Investors

- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Series A
- Precinct Partners (https://capitalatlas.ai/funds/precinct-partners) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Point72 Asset Management — Series B
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series B
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series B
- Elm Company (https://capitalatlas.ai/funds/elm-company) — Series B
- Tech Invest Com (https://capitalatlas.ai/funds/tech-invest-com) — Series B
- Hub71 (https://capitalatlas.ai/funds/hub71) — Series B