Valuation
$108M
2021 Revenue
$36M
Customers
4.5K
Funding
$0
Avg ACV
$8K
Team
224
Founded
2003
How Netchex CEO Will Boudreaux grew to $36M revenue and 4.5K customers in 2021.
Developer of web based software providing human resource management services. The company provides a software-as-a-service human resource platform which specializes in payroll services, employee benefits, attendance and reporting.
Last updated
Netchex Revenue
In 2021, Netchex's revenue reached $36M. The company previously reported $28.8M in 2020. Since its launch in 2003, Netchex has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Netchex Hit $36m revenue in April 2021 | |
| 2020 | Netchex Hit $28.8m revenue in December 2020 | |
| 2003 | Launched with $0 revenue |
Netchex Valuation, Funding Rounds
Netchex's most recent disclosed valuation is $108M.
Netchex is a bootstrapped HRMS & HCM Software startup. Founded in 2003, Netchex has grown to $36M in revenue without raising any venture capital or outside funding.
As a self-funded HRMS & HCM Software SaaS company, Netchex has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Will Boudreaux
CEO an Co Founder since June 2003 to present. Founded by two executives in the payroll industry working for a publicly traded firm, Will Boudreaux and Stuart Ethridge decided to take on the giants and change the experience of payroll outsourcing. Embracing three tenets – web integration for technology, accountability for service, and value for price delivery, Netchex set out to tell its story and execute one relationship at a time.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Netchex serves 4.5K customers.
Netchex Employees & Team Size
Netchex employs approximately 224 people as of 2026, including 5 sales reps that carry a quota. It serves 4.5K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 224 employees (April 2021) |
Frequently Asked Questions about Netchex
What is Netchex's revenue?
Netchex generates $36M in revenue.
Who founded Netchex?
Netchex was founded by Will Boudreaux.
Who is the CEO of Netchex?
The CEO of Netchex is Will Boudreaux.
How much funding does Netchex have?
Netchex raised $0.
How many employees does Netchex have?
Netchex has 224 employees.
Where is Netchex headquarters?
Netchex is headquartered in United States.
Compare Netchex to the industry
Netchex operates across multiple industries. Browse revenue, funding, and growth data for Netchex in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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