Zenefits was founded in 2013 by Parker Conrad and Laks Srini. The company has not officially endorsed a plan to participate in an IPO.
Zenefits is a cloud-based human resources platform designed to assist with onboarding, payroll, benefits, and vacation tracking. The company has raised nearly $600 million in Venture Capital funding from investors including EPIC Ventures, Fidelity, FJ Labs, Founders Fund, Khosla Ventures, Maverick Ventures, Palm Drive Capital, Sound Ventures, Tao Capital Partners, IVP, Andreessen Horowitz, General Catalyst, and Venrock. It has been broadly reported that Zenefits last raised $500 million in May 2015 at a post-money valuation of $4.5 billion.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 05/06/2015 | Series C-1 | $520MM | $xx.xx | $4.55B | Andreessen Horowitz, Comcast Ventures, Epic Ventures, Fidelity Investments, Fj Labs, Foresite Capital Management, Green Bay Ventures, Insight Partners, Ivp, Khosla Ventures, Maverick Ventures, Otter Rock Capital, Sound Ventures, Tao Capital Partners, Tpg Growth | |
|
Price per Share
$xx.xx
Shares Outstanding
34,896,799
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Comcast Ventures, Epic Ventures, Fidelity Investments, Fj Labs, Foresite Capital Management, Green Bay Ventures, Insight Partners, Ivp, Khosla Ventures, Maverick Ventures, Otter Rock Capital, Sound Ventures, Tao Capital Partners, Tpg Growth
|
||||||
| 05/06/2015 | Series C | $12.57MM | $xx.xx | $4.55B | Andreessen Horowitz, Comcast Ventures, Epic Ventures, Fidelity Investments, Fj Labs, Foresite Capital Management, Green Bay Ventures, Insight Partners, Ivp, Khosla Ventures, Maverick Ventures, Otter Rock Capital, Sound Ventures, Tao Capital Partners, Tpg Growth | |
|
Price per Share
$xx.xx
Shares Outstanding
843,443
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Comcast Ventures, Epic Ventures, Fidelity Investments, Fj Labs, Foresite Capital Management, Green Bay Ventures, Insight Partners, Ivp, Khosla Ventures, Maverick Ventures, Otter Rock Capital, Sound Ventures, Tao Capital Partners, Tpg Growth
|
||||||
| 06/03/2014 | Series B-1 | $65.3MM | $xx.xx | $566.5MM | Andreessen Horowitz, Hydrazine Capital, Initialized Capital Management, Ivp, Sv Angel | |
|
Price per Share
$xx.xx
Shares Outstanding
29,676,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Hydrazine Capital, Initialized Capital Management, Ivp, Sv Angel
|
||||||
| 06/03/2014 | Series B | $1.37MM | $xx.xx | $566.5MM | Andreessen Horowitz, Hydrazine Capital, Initialized Capital Management, Ivp, Sv Angel | |
|
Price per Share
$xx.xx
Shares Outstanding
624,420
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Hydrazine Capital, Initialized Capital Management, Ivp, Sv Angel
|
||||||
| 01/22/2014 | Series A-1 | $16.67MM | $xx.xx | $64.1MM | Andreessen Horowitz, Maverick Capital, Venrock | |
|
Price per Share
$xx.xx
Shares Outstanding
62,208,830
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Maverick Capital, Venrock
|
||||||
| 01/22/2014 | Series A | $579,320.00 | $xx.xx | $64.1MM | Andreessen Horowitz, Maverick Capital, Venrock | |
|
Price per Share
$xx.xx
Shares Outstanding
2,161,480
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Maverick Capital, Venrock
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Cerebras | $31.35 | -0.16% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Kraken | $32.68 | +9.15% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | HeartFlow | -- | -- | $xx.xx | Series E | $1.65B | $xx.xx | $305MM |
 | Firefly Aerospace | -- | -- | $xx.xx | Series D-4 | $3.49B | $xx.xx | $100MM |
 | Netskope | $14.50 | +8.45% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
Updated on: Jul 16, 2025
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