Gusto

Gusto

insurtech | software/whitelabel/apis (insurtech) | b2b fintech
website linkedin address
  • FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020

Description

Zenpayroll rebranded as Gusto. Gusto provides a cloud-based payroll, benefits and workers’ compensation come solutions with automation, ease-of-use, and expert service. Additional Benefits such as Health Isuarance and workers’ compensation are fully integrated with payroll, which enables seamless enrollment, accurate benefit deductions, and automatic compliance.

FOCUS

PRODUCTS & SERVICES:
Cloud-based payroll, benefits, HR, and compliance solutions for businesses
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Commonwealth Joe, eAlchemy
EXISTING PARTNERSHIPS:
The Sleeter Group, Lucid Books, HPC
COMMENT
Gusto is currently processing billions of dollars in annual payroll for more than 25,000 small businesses across the country. The company supports businesses in all 50 states, and is now serving 0.5 percent of all employers in America.

PEOPLE

FOUNDERS:
Edward Kim, Joshua Reeves, Tomer London
Board Members and Advisors:
Garry Tan, Harj Taggar, David E. Weekly, Hemant Taneja, Wayne Chang, Pejman Nozad
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
Google Capital, General Catalyst Partners, Kleiner Perkins Caufield & Byers, Box CEO and co-founder Aaron Levie, Yammer CEO and co-founder David Sacks, Dropbox CEO and co-founder Drew Houston, YouTube co-founder Jawed Karim, Yelp CEO and co-founder Jeremy Stoppelman, Badgeville CEO and co-founder Kris Duggan, SugarCRM CEO Larry Augustin, and Zuora CEO and co-founder Tien Tzuo, as well as Google Ventures, Data Collective, Sherpalo Ventures, and Salesforce.com

TRACTION

VALUATION / MARKET CAP:
$1 Billion in 2016
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$516.1 Millions
DATE OF LAST FUNDING:
Jul 2019
SEED & PRIOR FUNDING:
$6.1 Millions
SEED CLOSED ON:
Dec 2012
FUNDING SERIES:
SERIES A
$20 Millions Closed: May 2014
SERIES B
$150 Million Closed: Dec 2015
SERIES C
$140 Million Closed: Dec 2018
SERIES D
$200 Millions Closed: Jul 2019
Secondary Market
xvstqyhxhc Closed: Feb 2018
LISTED:
NO

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