• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

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:
Joshua Reeves, Edward Kim, Tomer London
Board Members and Advisors:
Garry Tan, Harj Taggar, David E. Weekly, Hemant Taneja, Wayne Chang, Pejman Nozad
NUMBER OF EMPLOYEES:
201-500
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

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$176.1 Millions
DATE OF LAST FUNDING:
Dec 2015
SEED & PRIOR FUNDING:
$6.1 Millions
SEED CLOSED ON:
Dec 2012
FUNDING SERIES:
SERIES A
$20 Millions Closed: Feb 2014
SERIES B
$150 Million Closed: Dec 2015
COMMENTS
SERIES B : Cumulative funding indicated
LISTED:
NO

LATEST RESEARCH