Justworks raises $13M in Series B

What does Justworks do?

Justworks, is a fast and simple to use HR and payment platform. This platform makes it an easy and affordable for businesses in hiring and taking care of people, freeing them to use their time in building their company. Irrespective of the organization size and number of employees, Justworks provides access to the enterprise level benefits and services.

This startup was designed by entrepreneurs for entrepreneurs. It provides the bandwidth and budget for small and medium sized companies to focus on their businesses. It automates payroll, payments, HR admin, benefits enrollment and government paperwork. It offers employees health care savings up to 30% by partnering directly with a growing business which is affordable and easy.

How much Justworks was funded?

Justworks raised $13M in Series B round on May 19^th, 2015 from Index Ventures,  Bain Capital Ventures and Thrive Capital.

Previous funding

• $1M in Seed round on October 16, 2013 from Daring Journey Ventures and Index Ventures
• $6M in Series A round on October 8, 2014 from Index Ventures and Thrive Capital

What is next for Justworks?

Justworks is going to use the latest funding raised for investing in its core technology and build its team for supporting its explosive growth.  Its revenue increased by 1500% in the past years and user base by 800%. The company’s goal is to help entrepreneurs find more time in the day and save money and focus on building their business and attracting top talent.

With a lot of companies entering the HR software space, Justworks has built a fast, simple, yet comprehensive platform which streamlines payroll, compliance and benefits.

More about Justworks

Justworks was founded on October 1^st, 2012 by Iris Ramos and Isaac Oates. It has its headquarters in New York, NY. It is a better approach to the human resources management.