# Grazzy

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

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.grazzy.com
- Total disclosed funding: $11M
- Latest round: Seed (Apr 12, 2024)
- Investors on record: 5

## About

Based in Texas, US, and founded in 2021 by its CEO Russell Lemmer, Grazzy, Inc. operates as an employee payments platform that improves employee retention and recruitment by raising wages, enabling access to same-day earnings, as well as providing more comprehensive financial wellness to hourly employees. In January 2023, Grazzy, Inc. raised USD 4.25 million in seed funding from Next Coast Ventures and Tuesday Capital. 

Grazzy, Inc. provides a platform that allows employees to connect their debit cards, gain access, and track tips. It also offers IRS-compliant tip income reporting on a daily, weekly, bi-monthly, or monthly basis. The platform assists hotels, bars, restaurants, and salons with employee feedback, tax reporting, and compliance.

The company plans to use the seed funidng to accelerate growth across large hotel brands and operating groups, restaurant groups, and salons.

## Funding rounds

- Seed, Apr 12, 2024, $4M — Tuesday Capital, Next Coast Ventures, AZ-VC, In Revenue Capital, Iron Skillet Partners
- Seed, Dec 14, 2022, $6.8M — Tuesday Capital, Next Coast Ventures

## Investors

- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Seed
- AZ-VC — Seed
- In Revenue Capital (https://capitalatlas.ai/funds/in-revenue-capital) — Seed
- Iron Skillet Partners (https://capitalatlas.ai/funds/iron-skillet-partners) — Seed