What is Justworks?
Founded in 2012 and headquartered in New York, Justworks operates a sophisticated cloud-based HR platform designed to simplify the operational burdens of modern enterprises. By consolidating payroll, benefits administration, human resources, and compliance support into a single, intuitive interface, the company addresses critical pain points for growing organizations. Its market position is defined by its commitment to reducing administrative friction, allowing business leaders to focus on core growth initiatives rather than regulatory or personnel management complexities.
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 Daring Journey Ventures and Index Ventures
Series A (2014): $6M led by Index Ventures and Thrive Capital
Series B (2015): $13M supported by Bain Capital Ventures, Index Ventures, and Thrive Capital
Series C (2016): $33M featuring Redpoint Ventures, Bain Capital Ventures, Index Ventures, and Thrive Capital
Series D (2018): $40M, investors not publicly disclosed
Series E (2020): $50M with participation from Redpoint Ventures, Union Square Ventures, FirstMark Capital LLC, Index Ventures LLP, Bain Capital LP, Spark Capital, and Thrive Capital
Key Investors in Justworks
Index Ventures
Index Ventures is a global venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders who challenge the status quo.
Thrive Capital
Thrive Capital is a New York-based venture capital firm that primarily focuses on internet and software investments.
Bain Capital Ventures
Bain Capital Ventures is a leading private investment firm that provides flexible capital solutions and deep sector expertise to drive exceptional outcomes.
What's next for Justworks?
With the recent influx of capital, Justworks is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to leverage this financing to enhance its automated compliance features and deepen its integration capabilities within the broader HR software ecosystem. As the demand for digital-first workforce management solutions continues to rise, Justworks remains focused on scaling its infrastructure to support a larger, more diverse client base while maintaining the high-touch service model that has defined its growth to date.
See full Justworks company page
