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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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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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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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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 pre-IPO?

Gusto is privately held company and is not publicly traded, therefor investing in Gusto pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

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What is the value of my Gusto shares?

To determine the value of your Gusto shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Gusto shares. You can also learn more about how to sell your private shares before getting started.

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Can you sell Gusto before it goes public?

Yes, you can seek to sell shares in Gusto while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market 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
General Catalyst
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: Jul 26, 2024

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