Gusto

Private

Cloud-based payroll, benefits, and HR platform for small and medium businesses, serving over 400,000 companies. Originally launched as ZenPayroll in 2012 before rebranding to Gusto in 2015.

Founders Josh Reeves, Tomer London, Edward Kim
CEO Josh Reeves

Company

Founded
2012
Headquarters
San Francisco, US
Employees
1001-5000

Financials

Total Funding
$706M
Last Valuation
$9.5B
Revenue (ARR)
$500M-$1B
Sectors
Fintech SaaS
gusto.com

Funding History

8 rounds
Series E May 16, 2022
$55M
Valuation: $9.5B
Friends & Family Capital (Lead)
Series E Aug 11, 2021
$175M
Valuation: $9.5B
T. Rowe Price (Lead) Sands Capital Fidelity Management & Research Durable Capital Partners Generation Investment Management Emerson Collective Glynn Capital Friends & Family Capital 137 Ventures General Catalyst Emergence Capital Dragoneer Investment Group Franklin Templeton
Series D Jul 24, 2019
$200M
Valuation: $3.8B
Fidelity Management & Research (Lead) Generation Investment Management (Lead) T. Rowe Price Dragoneer Investment Group General Catalyst CapitalG 137 Ventures Y Combinator Emergence Capital
Series C Jul 31, 2018
$140M
Valuation: $2.0B
T. Rowe Price (Lead) MSD Capital (Lead) Dragoneer Investment Group (Lead) Y Combinator General Catalyst CapitalG Kleiner Perkins 137 Ventures Emergence Capital
Series B Dec 21, 2015
$50M
Valuation: $1.1B
CapitalG (Lead) General Catalyst (Lead)
Series B Apr 6, 2015
$60M
Valuation: $560M
CapitalG (Lead) Emergence Capital Ribbit Capital General Catalyst Kleiner Perkins GV (Google Ventures)
Series A Feb 19, 2014
$20M
Valuation: $100M
General Catalyst (Lead) Kleiner Perkins
Seed Dec 11, 2012
$6M
GV (Google Ventures) (Lead) DCVC (Lead) Y Combinator Sherpalo Ventures Salesforce Ventures

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.