Zenefits Raises $500M

What does Zenefits do?

Zenefits, is a company which manages all your HR- benefits, payroll, compliance and a lot more online in one beautiful dashboard, all for free. It seamlessly connects your company’s payroll, paid time off, health insurance, and other HR systems with Zenefits in a matter of seconds without changing vendors, plans and pricing. If a business does not have all these things already, then Zenefits can provide them quotes and set them up in just a few minutes.

How much Zenefits was funded?

Zenefits raised $500M in Series C funding on May 6, 2015 from the investors Fidelity Investments, Andreessen Horowitz, Institutional Venture Partners (IVP), Founders Fund, Khosla Ventures, Insight Venture Partners and other angel investors.

Previous funding

• $2.1Min Seed round on July 26, 2013 from David Petersen, Sohail Prasad, Brad Gessler , Adam Jackson, Benjamin Ling and Wefunder
• $15Min Series A funding on January 22, 2014 from Maverick Capital, Andreessen Horowitz and Venrock.
• $66.5Min Series B funding  on June 3, 2014 from Jared Leto, Hydrazine Capital, Elad Gil, Institutional Venture Partners (IVP), SV Angel and Andreessen Horowitz.

What is next for Zenefit?

Zenefits will the latest investment raised to accelerate its already torrid rate of growth. The investment brings its total capital raised to $581 million and comes just 2 years of its launch.

More about Zenefits

Zenefits was founded on January 1^st, 2013 by Parker Conrad and Laks Srini. It has its headquarters in San Francisco, CA.

It is an insurance brokerage which helps run benefits, so you can run your business. It helps you get affordable benefits for your company from healthcare to 401k in minutes. Zenefits manages all your ongoing time consuming HR work and saves you the hassle of it. If you already have benefits then you can outsource HR issues in just a click. It automatically manages your commuter benefits, healthcare, payroll, COBRA, 401K and much more.