Gusto
Cloud-based payroll, benefits and HR software for small and medium-sized businesses in the United States. Fortune reported in May 2026 that more than 500,000 customers use it.
Enterprise softwarePayroll, benefits and HR software for small businessesSan Francisco, United States
FoundersSince 2011
- Valuation
- $9.3B
- Total raised
- $651M
- Last round · May 2022
- Series E extension
- Founded
- 2011
- Employees
- 3,000
- Quarters in VP50
- 9
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Apr 6, 2015 | $560M | $60M | Google Capital |
| Series C | Jul 31, 2018 | $2.0B | $140M | Dragoneer Investment Group, MSD Capital, T. Rowe Price Associates, and Y Combinator's Continuity Fund |
| Series D | Jul 24, 2019 | $3.8B | $200M | Unknown |
| Series E | Aug 10, 2021 | $9.5B | $175M | T. Rowe Price Associates |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: #41
- Q1 2024: no place
- Q2 2024: no place
- Q3 2024: no place
- Q4 2024: no place
- Q1 2025: no place
- Q2 2025: no place
- Q3 2025: no place
- Q4 2025: no place
- Q1 2026: no place
- Q2 2026: no place
- Q3 2026: no place
- Q4 2026: no place
Place by quarter since Q4 2023. Best place #19, in Q4 2022.
Funding rounds
DateRound · leadRaisedValuation
May 12, 2022Series E extension——
Jul 24, 2019Series D$200M$3.8B
Jul 31, 2018Series C · Dragoneer Investment Group, MSD Capital, T. Rowe Price Associates, Y Combinator's Continuity Fund$140M$2.0B
Dec 21, 2015Series B-1$50M—
Dec 11, 2012Seed$6M—
