UAE - Mubasher: Bayzat, a work-life platform that benefits employees in the UAE, has secured $25 million from a Series C funding round, according to a press release.

The fundraising transaction was led by DisruptAD, ADQ’s venture platform, alongside Ischyros New York, a global hedge fund.

To date, Bayzat has raised funds that exceed $60 million, which is backed by leading investors such as Mubadala Capital, and Point72 Ventures.

The UAE-based platform will use the funds to expand its customer base across the Middle East, particularly in Saudi Arabia.

Established in 2013, Bayzat is a tech firm that helps organisations deliver enhanced employee experiences by automating and boosting their insurance, payroll, and human resources (HR) administration processes.

Over the past three years, Bayzat posted more than 100% annual growth and enlarged its workforce to nearly 350 employees across the UAE, Saudi Arabia, and the wider region. Currently, the startup serves more than 127,000 employees in over 1,500 companies across the GCC.  

Talal Bayaa, CEO and Co-Founder of Bayzat, said: “Our focus on hyper-localisation sets us apart as one of the only providers in the market with an offering that is finely tuned to the regulations, requirements, and nuances of the region.”

Bayaa added: “This is what we call the Bayzat Effect, and it is a movement that is gaining momentum and fuelling our growth across the GCC.”

Amer Al Ameri, Head of Venture Capital and Technology Investments at ADQ, noted: “Funding innovative platforms helps grow the local start-up community and accelerate the pace at which companies can expand globally from the UAE’s capital.”