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.