Gusto IPO

gusto.com

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.

Founded2011
Total Funding to Date$921.54MM
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Gusto Ticker Symbol

Gusto does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

Gusto Stock Price

The stock price for Gusto will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).

Major Investors for Gusto

Altimeter Capital
General Catalyst
Glynn Capital Management
Google Capital
Data Collective
Emergence Capital Partners

Gusto Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
5/12/2022 Series E $9.41B $XXX.XX $XXX.XX
7/24/2019 Series D $3.88B $XXX.XX $XXX.XX
7/30/2018 Series C and C-1 $2.17B $XXX.XX $XXX.XX
12/18/2015 Series B-2 $1.07B $XXX.XX $XXX.XX
4/6/2015 Series B $560MM $XXX.XX $XXX.XX
2/19/2014 Series A $127.53MM $XXX.XX $XXX.XX
12/11/2012 Series Seed $32.59MM $XXX.XX $XXX.XX
Based on primary financings

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