Jolly, a workforce optimization platform geared towards frontline workers, recently announced a $16.5M Series A fundraise. The company plans to use the funds to expand their product suite and scale into new verticals. Exbo Group served as Jolly’s finance team during the raise, helping with due diligence requests, closing the books each month and providing commentary for investors. 

The round was led by Zach Kirkhorn, former CFO of Tesla, and included participation from angel investors Gokul Rajaram, Julien Codorniou, Steve Luczo, and David Marcus.

Founder and CEO of Jolly, Dean Zimberg, said, "frontline workers are the backbone of our economy — they are the folks paving roads early in the morning, cleaning dishes late at night, or delivering packages over holidays. These workers should be celebrated. Employers want to reward actions that improve business outcomes. We're proud to be the platform that gives the frontline a deserved piece of the bottom line."