ZenPayroll Raises $6.1M in First Funding

Funding Rounds

▤ Summary

ZenPayroll, Inc., a San Francisco, CA-based provider of a cloud payroll service, has raised $6.1m in its first round of funding.Backers include: – Aaron Levie, CEO and co-founder, Box – Google Ventures – Data Collective – David Sacks, CEO and co-founder, Yammer – Drew Houston, CEO and co-founder, Dropbox – Jawed Karim, co-founder, YouTube – Jeremy Stoppelman, CEO and co-founder, Yelp – Sherpalo Ventures – Larry Augustin, CEO, SugarCRM – Kris Duggan, CEO and co-founder, Badgeville – salesforce.com – Tien Tzuo, CEO and co-founder, Zuora – Y Combinator Led by Joshua Reeves, CEO and co-founder, ZenPayroll has just announced the launch of its cloud-based payroll service, which aims to enable employers to pay their employees using a connected device.In addition, the solution automates all payroll tax calculations and payments, providing direct deposit and filing all payroll-related government documents without paper.FinSMEs 11/12/2012

$ Funding

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Amount $6.1M Total raised
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Date December 11, 2012 Announcement date
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Investors Salesforce Ventures, Sherpalo Ventures Lead investors
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Company http://ZenPayroll.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Facilities Management

◇ AskAI Classifications

Labels
SaaS CRM Software Enterprise Software

▦ Linked Companies

Salesforce
$1B+
ClickSoftware
$1M to $5M