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.
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.
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).
| 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 | $2.31B | $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 |
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.
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.
