Gusto (formally ZenPayroll, Inc.) was founded in 2011 by current CEO Joshua Reeves, CTO Edward Kim, and Tomer London. During an interview with Yahoo! Finance in August 2019, Mr. Reeves claimed that Gusto undertaking an IPO was “not if, but when.” He went on to say that he wouldn’t share a timeline. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Gusto operates at the intersection of cloud computing and human resource management. Their platform provides services ranging from payroll to 401k benefits to health insurance. The company has raised nearly $525 million in Venture Capital funding from investors including Acrew Capital, Akkadian Ventures, Fidelity, AME Cloud Ventures, T. Rowe Price, CapitalG, Aspect Ventures, Ribbit Capital, General Catalyst, Kleiner Perkins, Wasabi Venture Partners, Data Collective, Emergence Capital Partners, Salesforce Ventures, and SV Angel. Per company press releases, Gusto last raised $200 million in July 2019 at a post-money valuation of $3.8 billion.

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Learn more about Gusto

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What is Gusto's IPO price?

The IPO price for Gusto will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Gusto?

Gusto is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Gusto shares pre-IPO?

If you own Gusto pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Gusto a publicly traded company?

Gusto is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Gusto's funding to date?

Gusto has raised $921.54MM to date.
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When was Gusto founded?

Gusto was founded in 2012.

Who are Gusto's major investors?

Altimeter Capital
Felicis Ventures
Glynn Capital Management
Google Capital
Slow Ventures
Data Collective
Emergence Capital Partners
Quiet Capital
Kapor Capital
Entree Capital
Bare Ventures

Gusto Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
1/27/2023 Series E $364.64MM raised $XXX.XX $XXX.XX
7/24/2019 Series D $205MM raised $XXX.XX $XXX.XX
7/31/2018 Series C and C-1 $151.08MM raised $XXX.XX $XXX.XX
12/21/2015 Series B-2 $90MM raised $XXX.XX $XXX.XX
4/6/2015 Series B $79MM raised $XXX.XX $XXX.XX
2/19/2014 Series A $25.75MM raised $XXX.XX $XXX.XX
12/11/2012 Series Seed $6.07MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 21, 2024

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