Zenefits Raises $66.5M in Series B Funding
Summary
Zenefits, a San Francisco-based HR and benefits startup, raised $66.5m in Series B funding.The round was led by Andreessen Horowitz and Investment Venture Partners (IVP) with participation from SV Angel, Hydrazine Capital, Elad Gil, and Jared Leto.Launched just over a year ago by Parker Conrad, CEO, Zenefits provides an online platform to manage payroll, benefits, HR, and compliance.The company currently serves more than 2,000 small and medium-sized businesses and their 50,000 employees.Previous rounds included the following: 29/07/2013: Zenefits Raises $2.1M in Seed Funding 22/01/2014: Zenefits Adds $15M From Andreessen Horowitz To Become The All-In-One Solution For Startup HR FinSMEs 03/06/2014
Funding
Amount
$67.0M
Total raised
Date
June 3, 2014
Announcement date
Investors
IVP, Techcrunch, Andreessen Horowitz, SV Angel
Lead investors
Company
http://www.zenefits.com
Funded company
Classifications
industries
InsurTech
applications
Accounting and Taxes
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Zenefits
$250M to $500M