What is Paylocity?
Founded in 1997 and headquartered in Schaumburg, Illinois, Paylocity offers comprehensive cloud-based solutions designed to streamline payroll and human capital management for medium-sized organizations across the United States. The company's platform integrates various HR functions, providing businesses with tools for employee engagement, talent management, and operational efficiency. Paylocity's sustained development indicates a strong market position in the competitive HR tech landscape.
How much funding has Paylocity raised?
Paylocity has raised a total of $661.4M across 4 funding rounds:
Series A
$10M
Stock Offering
$82.7M
Stock Offering
$18.7M
Debt
$550M
Series A (2008): $10M with participation from Adams Street Partners
Stock Issuance/Offering (2014): $82.7M led by Undisclosed
Stock Issuance/Offering (2014): $18.7M supported by Undisclosed
Debt (2022): $550M, investors not publicly disclosed
Key Investors in Paylocity
Adams Street Partners
Adams Street Partners, established in 1972, is a global investment management firm specializing in private markets. Their headquarters in Chicago, Illinois, positions them as a key player in supporting established companies with significant growth potential.
What's next for Paylocity?
The recent major strategic investment signals Paylocity's readiness for accelerated expansion and potential market consolidation. This capital will likely fuel further product innovation, enhance customer acquisition strategies, and potentially support strategic acquisitions to broaden its service offerings. As Paylocity continues to scale, its focus will remain on delivering robust, integrated solutions that address the evolving needs of modern businesses in managing their workforce.
See full Paylocity company page
