# Zestful

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

- Industry: Software
- Headquarters: Denver, US
- Website: www.zestful.com
- Total disclosed funding: $6.1M
- Latest round: Seed (Sep 10, 2019)
- Investors on record: 8

## About

Zestful, Inc. is a Denver-based company that specializes in providing innovative employee benefits and compensation solutions designed to enhance workplace engagement and satisfaction.Founded in 2016 in Denver, US, Zestful, Inc. focuses on employee benefits and compensation solutions, offering a flexible spending account system for employee development. The company raised USD 5.00 mn in Seed funding in September 2019, led by Thrive Capital with participation from BoxGroup, Matchstick Ventures, Shrug Capital, Third Kind Venture Capital, and Y Combinator. Mat Vogels serves as both the CEO and Founder of the company, overseeing its growth and operational strategy.Zestful offers a suite of employee benefits and compensation solutions aimed at enhancing workplace experiences. Their core product features a flexible spending account system, enabling employees to allocate funds for various personal and professional development needs, including wellness programs and training courses. Targeting industries such as technology, healthcare, and professional services, Zestful serves a diverse clientele ranging from small startups to large enterprises across North America and select European markets.Zestful's revenue model relies on a subscription-based service where businesses pay recurring fees to access its employee benefits platform. Various subscription tiers accommodate different business sizes and needs, providing clients with essential features and additional perks as they grow. Transactions typically involve annual or monthly billing cycles, ensuring a steady revenue stream from corporate clients benefitting from Zestful's comprehensive solutions.Following the Seed funding raised in September 2019, Zestful plans to enhance its product offerings and expand into new markets. The company is focusing on developing additional products to better serve its client base and is exploring expansion into regions beyond North America and Europe. The recent funding will support these initiatives, allowing Zestful to advance its technology and reach a broader audience in the employee benefits sector.

## Funding rounds

- Seed, Sep 10, 2019, $5M — Thrive Capital, Y Combinator, BoxGroup, Matchstick Ventures, Third Kind Venture Capital, Shrug Capital
- Series A, Jan 29, 2019, $1.1M — Bessemer Venture Partners, Matchstick Ventures, Day One Ventures, Shrug Capital

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Series A, Seed
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Series A
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Series A, Seed
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Third Kind Venture Capital (https://capitalatlas.ai/funds/third-kind-venture-capital) — Seed