Paylocity Corporation
Latest round
- Series A
Last raised
- May 2008
Total raised
- $10M
Investors
- 1
About Paylocity Corporation
Founded in 1997 in Schaumburg, US, Paylocity Corporation specializes in Human Capital Management solutions. The founding team includes Chris Sarowitz, Emma Fieldhouse, and Steve Sarowitz.Paylocity's primary offerings include a comprehensive Human Capital Management (HCM) platform that integrates HR, Finance, and IT solutions. This platform enables organizations to streamline and automate core HR processes, from payroll and talent management to expense management and asset control. By centralizing these functionalities, Paylocity addresses the challenges faced by businesses, such as manual task management, compliance, and employee engagement, effectively enhancing the overall employee experience. The company's solutions cater to a diverse client base, ranging from small businesses with fewer than 100 employees to large enterprises with thousands of employees, across various industries including healthcare, education, technology, and financial services.64 mn. The company generates revenue through a subscription-based model, allowing clients to access its HCM services on a recurring basis. This structure enables predictable revenue streams, as clients typically engage with Paylocity based on annual or multi-year agreements.Paylocity plans to leverage its recent IPO proceeds to expand its product offerings and explore new geographic markets. The company aims to enhance its HCM platform with new features designed to improve user experience and operational efficiency, although specific product launches and timelines have yet to be announced. Paylocity's focus includes penetrating additional markets beyond the US, targeting regions where flexible and scalable workforce management solutions are increasingly in demand.
Who invested in Paylocity Corporation
1 investor across 1 round
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Funding rounds
Series A
May 16, 2008
Amount
$10M
Investors
Questions about Paylocity Corporation
Who invested in Paylocity Corporation?
Paylocity Corporation has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Paylocity Corporation raised?
Paylocity Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Paylocity Corporation last raise money?
Paylocity Corporation's most recent round on record is a Series A, in May 2008.
What does Paylocity Corporation do?
Founded in 1997 in Schaumburg, US, Paylocity Corporation specializes in Human Capital Management solutions.
Where is Paylocity Corporation headquartered?
Paylocity Corporation is headquartered in Schaumburg, US.
Which VCs invest in companies like Paylocity Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Paylocity Corporation's stage. Their profiles are linked below.
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