Kota, an Irish HR technology startup focused on improving employee benefits systems, has raised $14.5 million (€12.8 million) in a Series A funding round. The round was led by Eurazeo and included backing from EQT Ventures, Northzone, Frontline, 9Yards Capital, and Plug and Play Tech Center. Kota has also secured authorization from the Central Bank to operate as an insurance intermediary. The platform enables employees to easily access, manage, and better understand their insurance and pension policies. Founded and led by CEO Luke Mackey, who has been involved with the National Digital Research Centre (NDRC) as a mentor since 2021, Kota has raised a total of $22.9 million to date. The company counts Irish tech clients such as Tines, &Open, and Protex AI among its users.
Kota raises over $14m in Series A round to drive its worker-benefits software https://t.co/TSmjwM7iCL
Great to see @kota_benefits raise €12.8M Series A, led by @Eurazeo, backed by EQT Ventures, Northzone, and Frontline, bringing total raised to date to $22.9M. Founder/CEO Luke Mackey has played a pivotal role in NDRC since 2021—mentoring Accelerator startups, candidly sharing https://t.co/8C3O7OG9Im
MentorsWork Has Invested €6.5 million to date to support SMEs nationwide https://t.co/T2KDetYnjA