How Gusto hit $290M Revenue with 200K customers in 2022.
Gusto develops web-based payroll solution for small- and medium-sized businesses. It operates an online platform that provides payroll, benefits, human resources, and integration services for employers and employees in the United States. Gusto offers health benefits and workers‚Äô compensation benefits that include medical insurance, commuter benefits, and 401(k) contributions as well as workers‚Äô compensation insurance plans, time tracking, and integration services, and access to employees for processing payroll from web-enabled devices such as smartphones and tablets. It also provides access to employees and contractors to browse their previous pay stubs, review their payroll forms, verify their personal details, and statistics about their pay, tax payments and federal forms filing services, and security and support services. Gusto serves startups, coffee shops, doctors, creative agencies, lawyers, and boutiques. Edward Kim, Joshua Reeves, and Tomer London founded ZenPayRoll in 2011 that became Gusto, with its headquarters in San Francisco in California with an additional office in Denver in Colorado...
In 2022, Gusto revenue run rate hit $290M in revenue.
Gusto hit $290M in revenue in 2022
Gusto hit $200M in revenue in 2021
Gusto hit $100M in revenue in 2018
Gusto launched in 2011 with $0 revenue
Gusto Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2022 Series E
Gusto raised a Series E of $55M
2021 Series E
Gusto raised a Series E of $175M at a $9.3B valuation in August 2021
2019 Series D
Gusto raised a Series D of $200M at a $3.8B valuation in July 2019
2018 Series C
Gusto raised a Series C of $140M at a $2B valuation in July 2018
2015 Series B
Gusto raised a Series B of $90M at a $1.1B valuation in December 2015
2015 Series B
Gusto raised a Series B of $60M at a $560M valuation in June 2015
2014 Series A
Gusto raised a Series A of $20M at a $127.5M valuation in February 2014
2012 Seed Round
Gusto raised a Seed Round of $6.1M at a $32.6M valuation in November 2012
Gusto has 2196 total employees and 301 sales reps that carry a quota. They have 200000 customers an engineering team of 360 and a marketing team of 36
Total team size
Joshua Reeves is the CEO and co-founder of Gusto, a startup that reimagines payroll, benefits, HR, and personal finance by automating the most complicated, impersonal business tasks and making them simple and delightful. Gusto has offices in San Francisco and Denver, and its investors include Google Capital, General Catalyst, Kleiner Perkins Caufield & Byers, and the founders of Instagram, Stripe, Nest, PayPal, Yelp, Box, and Eventbrite, among others.