Zenefits (YC W13) raises $15M Series A from Andreessen Horowitz, Maverick, and Venrock
Summary
Zenefits raised $15 million in Series A financing from Andreessen Horowitz, Maverick, and Venrock. The company builds cloud software for HR, benefits, and payroll, starting with tools for online health coverage and payroll administration. Early customers have used the product as a broader replacement for traditional HRIS systems. Zenefits plans to use the capital to expand into enterprise accounts and international markets.
Funding
Amount
$15.0M
Total raised
Date
January 22, 2014
Announcement date
Investors
Andreessen Horowitz, Venrock
Lead investors
Company
zenefits.com
Funded company
Classifications
industries
InsurTech
applications
Accounting and Taxes
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Zenefits
$250M to $500M