What is Justworks?
Founded in 2012 and headquartered in New York, New York, Justworks operates as a cloud-based HR platform. It offers small and medium-sized businesses comprehensive solutions for benefits administration, payroll processing, human resources management, and compliance support. The company aims to simplify complex HR operations, enabling businesses to focus on their core objectives.
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 Thrive Capital, Redpoint Ventures, Index Ventures, and Bain Capital Ventures
Series D (2018): $40M, investors not publicly disclosed
Series E (2020): $50M with participation from Index Ventures LLP, Redpoint Ventures, Union Square Ventures, Thrive Capital, Spark Capital, FirstMark Capital LLC, and Bain Capital LP
Key Investors in Justworks
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the world.
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York. Thrive Capital primarily deals in internet and software investments.
Bain Capital Ventures
Founded in 1984, Bain Capital is one of the worlds leading private investment firms. The firm is committed to creating lasting impact for its investors, teams, portfolio businesses, and the communities in which it operates.
What's next for Justworks?
The recent major strategic investment signifies a pivotal moment for Justworks, positioning it for accelerated scaling and market penetration. This backing is likely to support the enhancement of its platform capabilities, expansion into new markets, and strategic partnerships. As Justworks continues to evolve, its focus will remain on providing robust and accessible HR solutions to the SMB market, leveraging technology to streamline operations and ensure compliance.
See full Justworks company page
