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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Can you invest in Gusto pre-IPO?

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Can you sell shares of Gusto before it goes public?

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What is the pre-IPO value of my Gusto shares?

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Is Gusto a publicly traded company?

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To learn more about Gusto potential IPO

Will Gusto go IPO?

Gusto has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Gusto’s IPO price?

The Gusto IPO price does not exist at this time, as Gusto is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Gusto register for Forge Markets, today.

When was Gusto founded?

Gusto was founded in 2012.

What is Gusto funding to date?

Gusto has raised $3.69B to date.

Who are Gusto’s major investors?

Sands Capital
Google Capital
Data Collective
Dragoneer Investment Group
Emergence Capital Partners
Kleiner Perkins Caufield & Byers
Kevin Colleran
Start Fund
Friends & Family Capital
Salesforce Ventures
Emergence Capital
Ribbit Capital
Durable Capital
General Catalyst Partners
Felicis Ventures
Sherpalo Ventures
Fidelity Management & Research
Cota Capital
Altimeter Capital
Kapor Capital
Partner Ventures
Emerson Collective
Franklin Templeton
Glynn Capital Management
Fidelity
General Catalyst
Kindling Capital
Bare Ventures
137 Ventures
Slow Ventures
Quiet Capital
Gv
Rothenberg Ventures
Cross Creek
T. Rowe Price
Homebrew
Pivot Investment Partners
Altimeter Capital Management
Atom Factory
Signatures Capital
Acrew Diversify Capital Fund
Generation Investment Management
Wayne Chang
Obvious Ventures
Y Ventures
Glynn Capital
Entree Capital
Msd Capital
Google Ventures
Y Combinator

Gusto Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
01/27/2023 Series E $364.64MM $xx.xx $9.68B 137 Ventures, Acrew Diversify Capital Fund, Cross Creek, Dragoneer Investment Group, Durable Capital, Emergence Capital, Emerson Collective, Fidelity, Franklin Templeton, Friends & Family Capital, General Catalyst, Generation Investment Management, Glynn Capital, Partner Ventures, Sands Capital, T. Rowe Price
Price per Share
$xx.xx
Shares Outstanding
11,996,719
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
137 Ventures, Acrew Diversify Capital Fund, Cross Creek, Dragoneer Investment Group, Durable Capital, Emergence Capital, Emerson Collective, Fidelity, Franklin Templeton, Friends & Family Capital, General Catalyst, Generation Investment Management, Glynn Capital, Partner Ventures, Sands Capital, T. Rowe Price
07/24/2019 Series D $205MM $xx.xx $3.88B Dragoneer Investment Group, Fidelity Management & Research, General Catalyst, Generation Investment Management, T. Rowe Price
Price per Share
$xx.xx
Shares Outstanding
15,399,176
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Fidelity Management & Research, General Catalyst, Generation Investment Management, T. Rowe Price
07/31/2018 Series C-1 $15MM $xx.xx $2.31B Dragoneer Investment Group, Msd Capital, T. Rowe Price, Y Combinator
Price per Share
$xx.xx
Shares Outstanding
2,466,168
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Msd Capital, T. Rowe Price, Y Combinator
07/31/2018 Series C $136.08MM $xx.xx $2.31B Dragoneer Investment Group, Msd Capital, T. Rowe Price, Y Combinator
Price per Share
$xx.xx
Shares Outstanding
17,898,291
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Msd Capital, T. Rowe Price, Y Combinator
12/21/2015 Series B-2 $90MM $xx.xx $1.09B General Catalyst, Google Capital, Obvious Ventures, Pivot Investment Partners
Price per Share
$xx.xx
Shares Outstanding
17,911,873
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Google Capital, Obvious Ventures, Pivot Investment Partners
04/06/2015 Series B $79MM $xx.xx $560MM Altimeter Capital Management, Cota Capital, Emergence Capital Partners, General Catalyst, Google Capital, Google Ventures, Kevin Colleran, Kindling Capital, Kleiner Perkins Caufield & Byers, Ribbit Capital
Price per Share
$xx.xx
Shares Outstanding
28,073,910
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital Management, Cota Capital, Emergence Capital Partners, General Catalyst, Google Capital, Google Ventures, Kevin Colleran, Kindling Capital, Kleiner Perkins Caufield & Byers, Ribbit Capital
02/19/2014 Series A $25.75MM $xx.xx $130.76MM General Catalyst Partners, Gv, Homebrew, Kleiner Perkins Caufield & Byers, Rothenberg Ventures, Wayne Chang, Y Ventures
Price per Share
$xx.xx
Shares Outstanding
33,526,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst Partners, Gv, Homebrew, Kleiner Perkins Caufield & Byers, Rothenberg Ventures, Wayne Chang, Y Ventures
12/11/2012 Series Seed $6.07MM $xx.xx $20.22MM Atom Factory, Data Collective, Google Ventures, Salesforce Ventures, Sherpalo Ventures, Signatures Capital, Start Fund, Y Combinator
Price per Share
$xx.xx
Shares Outstanding
26,060,490
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atom Factory, Data Collective, Google Ventures, Salesforce Ventures, Sherpalo Ventures, Signatures Capital, Start Fund, Y Combinator
Updated on: Dec 2, 2024

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