Austin, Texas, United States
ZenBusiness is an Austin-based platform that helps solopreneurs and first-time small business owners start, run, and grow their companies through a single guided software suite covering formation, compliance, banking, accounting, invoicing, and website building. Ross Buhrdorf, the company's founder and CEO, described the company's positioning to Nathan Latka in December 2021 as "the Shopify for the service industry," targeting a market he said represents more than 80 percent of the global economy. By December 2021 ZenBusiness had surpassed 220,000 paying customers, up from 70,000 at the time of a prior interview in September 2020, and was adding between 10,000 and 20,000 new customers per month. Buhrdorf confirmed revenue growth of approximately 3x in the prior twelve months, and the host's back-of-envelope calculation placing annualized revenue north of $40 million was not disputed by Buhrdorf, who said only that the company was "north of that." In 2021 ZenBusiness closed a $200 million Series C led by Oak HC/FT at a $1.7 billion valuation, following a $56 million Series B that valued the company at $256 million post-money. The company employed 380 people at the time of the interview, including 150 engineers, and had hired 43 people in the single month prior to the conversation.
- Revenue
- $150M
- Customers
- 400K
- Year founded
- 2016
- Funding
- $277.1M
- Team size
- 313
