What is Justworks?
Founded in 2012 and headquartered in New York, Justworks provides small and medium-sized businesses with comprehensive HR solutions. Its platform integrates benefits administration, payroll processing, human resources management, and compliance support, aiming to streamline operations for its clientele. The company's focus on empowering SMBs with enterprise-level HR tools has positioned it as a key player in the HR tech landscape.
How much funding has Justworks raised?
Justworks has raised a total of $143M across 6 funding rounds:
Angel/Seed
$1M
Series A
$6M
Series B
$13M
Series C
$33M
Series D
$40M
Series E
$50M
Angel/Seed (2013): $1M with participation from Index Ventures and Daring Journey Ventures
Series A (2014): $6M led by Index Ventures and Thrive Capital
Series B (2015): $13M supported by Index Ventures, Bain Capital Ventures, and Thrive Capital
Series C (2016): $33M featuring Redpoint Ventures, Index Ventures, Bain Capital Ventures, and Thrive Capital
Series D (2018): $40M, investors not publicly disclosed
Series E (2020): $50M with participation from Redpoint Ventures, Union Square Ventures, Index Ventures LLP, FirstMark Capital LLC, Bain Capital LP, Spark Capital, and Thrive Capital
Key Investors in Justworks
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies.
Bain Capital Ventures
Bain Capital Ventures is a leading private investment firm committed to creating lasting impact, investing across private equity, growth & venture, and capital solutions.
Thrive Capital
Thrive Capital is an investment venture capital company based in New York, primarily dealing in internet and software investments.
What's next for Justworks?
The recent major strategic investment in Justworks signals a phase of accelerated growth and potential market expansion. This capital infusion is likely to fuel further development of its platform, enhance its service offerings, and potentially broaden its customer base. The company's continued success will depend on its ability to adapt to evolving HR needs and maintain its competitive edge in a dynamic market.
See full Justworks company page
