Zenefits

Acquired

Zenefits was a cloud-based human resources platform that offered free HR software to small and mid-sized businesses, handling payroll, benefits administration, and compliance. The company rose rapidly through Y Combinator to a $4.5 billion valuation but collapsed after regulatory scandals revealed unlicensed insurance brokerage. Acquired by TriNet in 2022.

Founders Parker Conrad, Laks Srini

CEO Parker Conrad

Company

Founded

2013

Headquarters

San Francisco, United States

Employees

251-500

Financials

Total Funding

$584M

Last Valuation

$4.5B

Sectors

SaaS

www.zenefits.com Twitter Blog

Funding History

4 rounds

Acquired by TriNet Feb 1, 2022

Series C May 6, 2015

$500M

Fidelity Investments (Lead) TPG Growth (Lead) Insight Venture Partners Founders Fund Khosla Ventures Comcast Ventures Sound Ventures Andreessen Horowitz IVP

Series B Jun 3, 2014

$67M

Andreessen Horowitz (Lead) IVP SV Angel Hydrazine Capital

Series A Jan 22, 2014

$15M

Andreessen Horowitz (Lead) Maverick Ventures Venrock

Seed Jul 26, 2013

$2M

Y Combinator Venrock Maverick Ventures General Catalyst

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.