Funding

ZenPayroll Raises $60M Round

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What does ZenPayroll do?

ZenPayroll, is a comprehensive payroll service which enables businesses to set and run payroll from any devices which can be connected to the internet.

ZenPayroll is a modern and delightful payroll. Their payroll services helps business in setting and running payroll in just minutes, from any device which can be connected to the web.

All the government payroll taxes and reporting can be taken care of without paper and automatically now with ZenPayroll. It processes millions of dollars in payroll and its customers consists of different businesses, ranging from flower shops to tech startups.

How much ZenPayroll was funded?

ZenPayroll has raised $60 M in Series B funding on April 6th, 2015 from Glynn Capital Management, General Catalyst Partners, Kleiner Perkins Caufield & Byers, Emergence Capital Partners, Ribbit Capital and Google Capital.

Previous funding

  • $20M in Series A on February 19, 2014 from Obvious Ventures, Kleiner Perkins Caufield & Byers, General Catalyst Partners and AFSquare
  • $6.1M in  Seed round on December 12th, 2012 from Salesforce Ventures, Bobby Yazdani, Signatures Capital, Y Combinator, Benjamin Ling and Data Collective
  • Undisclosed amount in  Seed round on February 1st, 2012 from Salesforce Ventures and Y Combinator

What is next for ZenPayroll?

ZenPayroll’s mission is to make payroll simple and intuitive as much as possible with tools and principles of modern software. The current payroll market is full of unnecessary complexities, manual tasks and numerous fees. ZenPayroll’s aim is to fix this.

More about ZenPayroll

ZenPayroll was found in 2011 by Edward Kim, Joshua Reeves and Tomer London. It has its headquarters in San Francisco, CA.

It is an online payroll software, which is built for small businesses with the aim of making payroll simple and delightful. It helps employers improve their relationships with employees. Its investors include Google Ventures, Instagram, General Catalyst, Dropbox, Box and Stripe, Google Capital, Evernote, Eventbrite etc.

 

 

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