# Gusto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gusto

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.gusto.com
- Total disclosed funding: $633M
- Latest round: Series E (Jul 13, 2021)
- Investors on record: 25

## About

Founded in 2011 by co-founders Joshua Reeves, Tomer London, and Edward Kim and based in San Francisco, CA, Gusto, Inc. is a developer of innovative payroll and HR solutions that streamline administrative tasks for small to medium sized businesses, enhancing workforce management and regulatory compliance. Gusto, Inc was founded by Joshua Reeves, Tomer London and Edward Kim and has raised over USD 837.47 million across 13 rounds of funding. The company is valued at USD 9.5 billion. Some of the firm's key products include automated payroll processing, employee benefits management, health insurance administration, and hiring tools. Gusto simplifies deductions, direct deposits, and tax filings while offering HR capabilities such as performance management and compliance assistance. Its services support companies across various industries in all 50 states, catering to both domestic and remote international teams. Gusto generates revenue through subscription-based models tailored for various business sizes, including specific plans such as Gusto Solo for contractors and enhanced offerings for mid-sized businesses. The pricing structure includes USD 49 per month for simple, USD 80 per month for plus and USD 180 per month for premium.

## Funding rounds

- Series E, Jul 13, 2021, $175M — T Rowe Price, General Catalyst Partners, Emergence Capital, Generation Investment Management, Fidelity Investments, Cross Creek, Glynn Capital, 137 ventures, Franklin Templeton, Dragoneer Investment Group, Sands Capital Alternatives, Durable Capital Partners, Acrew Capital, Friends & Family Capital, Emerson Collective
- Series D, Jul 16, 2019, $188M — T Rowe Price, General Catalyst Partners, Emergence Capital, Generation Investment Management, Fidelity Investments, Y Combinator, 137 ventures, CapitalG, Dragoneer Investment Group
- Series C, Jul 16, 2018, $135M — Kleiner Perkins, T Rowe Price, General Catalyst Partners, Emergence Capital, DFO Management, Y Combinator, 137 ventures, CapitalG, Dragoneer Investment Group
- Series B, Mar 23, 2016, $45M — General Catalyst Partners, 137 ventures, CapitalG, Obvious
- Series B, Dec 4, 2015, $22M — General Catalyst Partners, Emergence Capital, GV, Ribbit Capital, CapitalG
- Series B, Mar 27, 2015, $42M — Kleiner Perkins, General Catalyst Partners, Emergence Capital, Generation Investment Management, GV, Ribbit Capital, CapitalG
- Series A, Feb 19, 2014, $20M — Kleiner Perkins, General Catalyst Partners, Obvious
- Seed, Dec 11, 2012, $6.1M — GV, Salesforce, Inc., Sherpalo Ventures, Y Combinator, DCVC

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Seed, Series B
- Salesforce, Inc. — Seed
- Sherpalo Ventures (https://capitalatlas.ai/funds/sherpalo-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series C, Series D
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C, Series D, Series E
- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series B
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series B, Series C, Series D, Series E
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series B, Series D, Series E
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series B, Series C, Series D
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series B, Series C, Series D, Series E
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C, Series D, Series E
- DFO Management — Series C
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series C, Series D, Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D, Series E
- Cross Creek (https://capitalatlas.ai/funds/cross-creek) — Series E
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series E
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series E
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series E
- Durable Capital Partners — Series E
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series E
- Friends & Family Capital (https://capitalatlas.ai/funds/friends-family-capital) — Series E
- Emerson Collective — Series E