Gusto

Gusto

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Investment Firm

Overview

Gusto develops web-based payroll solution for small- and medium-sized businesses. It operates an online platform that provides payroll, benefits, human resources, and integration services for employers and employees in the United States.

Gusto offers health benefits and workers’ compensation benefits that include medical insurance, commuter benefits, and 401(k) contributions as well as workers’ compensation insurance plans, time tracking, and integration services, and access to employees for processing payroll from web-enabled devices such as smartphones and tablets. It also provides access to employees and contractors to browse their previous pay stubs, review their payroll forms, verify their personal details, and statistics about their pay, tax payments and federal forms filing services, and security and support services.

Gusto serves startups, coffee shops, doctors, creative agencies, lawyers, and boutiques. Edward Kim, Joshua Reeves, and Tomer London founded ZenPayRoll in 2011 that became Gusto, with its headquarters in San Francisco in California with an additional office in Denver in Colorado.

Highlights

Founded

2011

Industry

Enterprise Software

Employees

1001-5000

Investment

4

Lead Investment

0

Exits

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Stages

Seed, Early Stage Venture

Investor Type

N/A

Location

United States, North America

Contact Information

Social

Profile Resume

Gusto, established in 2011 and headquartered in United States, North America., specializes in Seed, Early Stage Venture investments across Venture Capital, Angel Investment, Impact Investing, Financial Services, Finance, FinTech, Funding Platform, Hedge Funds, Banking, Wealth Management. Their recent investments include Wonder Ventures, Treasury, ROTH Capital Partners, Utopia Labs, Kindred Ventures. The highest investment round they participated in was $12.2B. Among their most notable exits are Wonder Ventures and Treasury. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Somrat Niyogi

Somrat Niyogi

Head Of Business Development

imagePlace Josh Reeves

Josh Reeves

Co-Founder & Head of Gusto

imagePlace Jeff Carbonella

Jeff Carbonella

Software Engineer

imagePlace James D. Shkolnik

James D. Shkolnik

Engineering

imagePlace Sahin Boydas

Sahin Boydas

Head of RemoteTeam

imagePlace Tomer London

Tomer London

Co-Founder and CPO

Investment portfolio

Gusto has made 4 investments. Their most recent investment was on Jun 01, 2023, when Utopia Labs raised $23.0M.

Gusto has made 1 diversity investments. Their most recent diversity investment was on May 19, 2022, when Noyo raised $45.0M.

investments

4

Diversity investments

1

Lead investments

0

Number of exits

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Investments

4

Annouced DateOrganization NameIndustryMoney Raised
May 19, 2022
Noyo Noyo
Information Technology45.0M
Aug 04, 2022
Mosey Mosey
Information Technology18.0M
Jun 01, 2023
Utopia Labs Utopia Labs
Software23.0M
Jun 15, 2023--2.1M

Exits

0

Funding Timeline

Funding rounds

4

Investors

119

Funds

0

Funding Rounds

4

Gusto has raised 4 rounds. Their latest funding was raised on Jun 15, 2023 from a Pre Seed Round - Kept round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
May 19, 2022
Series B - Noyo Series B - Noyo
-45.0M-
Aug 04, 2022
Series A - Mosey Series A - Mosey
-18.0M-
Jun 01, 2023
Series A - Utopia Labs Series A - Utopia Labs
-23.0M-
Jun 15, 2023
Pre Seed Round - Kept Pre Seed Round - Kept
-2.1M-

Investors

92

Gusto is funded by 92 investor(s). Partner Ventures and Friends & Family Capital Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

Recent Activity

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