About Gusto
Gusto is an HR and payroll platform that simplifies complex tasks, empowering businesses to focus on what matters most.
Headquarters
Gusto, San Francisco
Founded
2011-11-01
Industry
Bookkeeping and Payroll, Employee Benefits, Enterprise Software, Financial Services, FinTech, Human Resources, SaaS, Software
Last Funding Type
Series Unknown
Valuation
547
Total Funding
$746.10 million dollars
IPO Status
Private
Financial
Gusto is advancing its cloud-based payroll and HR management solutions through several innovations. They are developing a central database system for managing human resources functions, allowing entities to execute employer functions and manage employee information efficiently. This includes user provisioning management and personal information database modification. Additionally, Gusto is enhancing security by tagging and auditing sensitive information and improving user experience with predictive web navigation and machine-learned database models. These efforts highlight Gusto's focus on optimizing HR processes and data security.
Funding Rounds
15
Number of Lead Investors
13
Total Funding Amount
$746.10 million dollars
Number of Investors
118
Gusto vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Gusto | $547B | $746.10M | 15 |
| Weights & Biases | $5B | $250.00M | 7 |
| SeekOut | $1B | $188.60M | 4 |
| Klarna | $20B | $4.55B | 34 |
| FTX | $33B | $1.83B | 7 |
| Tanium | $9B | $1.05B | 14 |
| Canva | $51B | $2.51B | 19 |
| Postman | $6B | $433.00M | 5 |
| Confluent | $18B | $455.90M | 8 |
| Dataiku | $4B | $846.84M | 11 |
| QuintoAndar | $5B | $755.27M | 9 |
| BitPanda | $4B | $554.01M | 7 |
| SandboxAQ | $8B | $825.00M | 3 |
| N26 | $9B | $1.72B | 12 |
| MoonPay | $31B | $650.68M | 8 |
| Circle (Financial Software) | $9B | $1.12B | 14 |
| Sila | $10B | $20.70M | 4 |
| Collibra | $5B | $596.52M | 9 |
| CloudWalk | $2B | $345.06M | 6 |
| 1Password | $14B | $920.14M | 3 |
| DFINITY | $2B | $166.88M | 6 |
| Drata | $4B | $328.24M | 4 |
| Mysten Labs | $2B | $336.01M | 3 |
| Incredible Health | $2B | $99.55M | 4 |
| Cerebras Systems | $26B | $715.00M | 7 |
| Wave (Financial Software) | $2B | $79.75M | 10 |
| Enya (Software Development Applications) | $3B | $1.50M | 2 |
| Latch | $1.6B | $342.12M | 7 |
| Concordium | $1B | $76.10M | 8 |
| AvidXchange | $4.9B | $1.13B | 10 |
| Adyen | $8.3B | $266.00M | 3 |
| CoinTracker | $4B | $101.62M | 3 |
| Offchain Labs | $1B | $123.70M | 3 |
| Twilio | $2B | $614.42M | 13 |
| Illumio | $22B | $557.50M | 6 |
| Quotient Technology | $1.2B | $284.26M | 10 |
| bolttech | $2B | $543.20M | 7 |
| Acorns | $4B | $510.01M | 13 |
| Asapp | $2B | $380.00M | 5 |
| Miro | $88B | $476.30M | 5 |
| NerdWallet | $4B | $105.00M | 6 |
| Bakkt | $2.1B | $857.50M | 4 |
| InsideSales.com | $3B | $251.20M | 6 |
| Asana | $50B | $453.20M | 13 |
| AppDirect | $2B | $574.50M | 9 |
| Gong.io | $7B | $583.00M | 8 |
| Improbable | $11B | $704.03M | 7 |
| Notion | $110B | $343.20M | 7 |
| Zenefits | $14B | $584.10M | 6 |
| Dialpad | $2B | $450.00M | 9 |
| Grammarly | $39B | $400.00M | 3 |
| Jeeves | $14B | $443.00M | 6 |
| CloudBees | $1B | $356.20M | 8 |
| Lattice | $18B | $330.32M | 9 |
| Couchbase | $1B | $251.00M | 9 |
| Workfront | $2B | $375.00M | 5 |
| DriveNets | $2B | $587.00M | 4 |
| Fusion-io | $1.5B | $111.50M | 3 |
| TaxBit | $3B | $253.36M | 8 |
| Epirus | $1B | $287.63M | 4 |
| ZipRecruiter | $2.4B | $769.00M | 3 |
| Revolut | $99B | $1.74B | 20 |
| Copper | $2B | $102.00M | 5 |
| Slack | $23B | $1.39B | 13 |
| Synthego | $1B | $459.69M | 9 |
| Cylance | $1B | $297.00M | 6 |
| AppDynamics | $2B | $364.50M | 11 |
| ZenBusiness | $2B | $276.96M | 7 |
| Roku | $1.3B | $212.01M | 11 |
| Pipe | $14B | $423.12M | 11 |
| Commure | $4B | $620.50M | 8 |
| Remote | $17B | $496.00M | 5 |
| Mainspring | $1B | $32.50M | 2 |
| AngelList | $287B | $170.20M | 8 |
| Tradeshift | $8B | $1.13B | 14 |
| Wrapbook | $1B | $150.60M | 4 |
| Qualia | $2B | $160.00M | 6 |
| Retool | $29B | $141.00M | 5 |
| Payoneer | $3.3B | $570.00M | 15 |
| Matillion | $3B | $290.00M | 7 |
| Figure (Financial Software) | $6B | $1.55B | 10 |
| Schroedinger | $0.8B | $577.22M | 10 |
| Younited Credit | $1B | - | 1 |
| Alan | $3B | $751.56M | 8 |
| Jfrog | $3.9B | $226.50M | 6 |
| Datto | $4.3B | $100.00M | 3 |
| SmartRent | $2.2B | $256.50M | 6 |
| Deem | $1B | $536.13M | 13 |
| MX | $2B | $450.00M | 4 |
| Forto | $2B | $593.38M | 6 |
| Trumid | $5B | $458.25M | 7 |
| Cedar | $3B | $419.36M | 6 |
| MobileCoin | $6B | $107.35M | 4 |
| Active Network | $1B | $344.19M | 9 |
| Marqeta | $30B | $530.11M | 16 |
| Flexport | $152B | $2.70B | 19 |
| Paxos | $7B | $543.48M | 7 |
| Niantic | $18B | $770.00M | 6 |
| Vianai | $2B | $190.00M | 2 |
| Contrast Security | $3B | $269.00M | 5 |
| Satispay | $1B | $533.14M | 11 |
| Clari | $3B | $496.00M | 8 |
| StarkWare | $32B | $273.00M | 8 |
| Pilot | $9B | $172.10M | 6 |
| Hugging Face | $10B | $395.20M | 7 |
| Procore | $9.6B | $654.02M | 17 |
| Fleetmatics Group | $0.6B | $93.00M | 2 |
| Carbonite | $0.2B | $191.20M | 8 |
| Concur Technologies | $0.2B | $291.75M | 2 |
| Trusted Health | $3B | $174.80M | 6 |
| Vercel | $8B | $563.00M | 5 |
| Divvy | $7B | $417.50M | 5 |
| Placer.ai | $6B | $267.51M | 10 |
| Nexthink | $2B | $345.88M | 8 |
| Sumo Logic | $2.2B | $340.00M | 6 |
| Unit | $1B | $169.60M | 5 |
| Lucid | $3B | $3.82M | 4 |
| Aspiration | $13B | $250.00M | 5 |
| Pipedrive | $5B | $90.20M | 8 |
| Udacity | $2B | $240.00M | 6 |
| Titan | $12B | $73.00M | 4 |
| Palantir Technologies | $308B | $3.03B | 28 |
| Andela | $3B | $381.01M | 9 |
| Gympass | $2B | $605.00M | 7 |
| CRED | $12B | $801.49M | 8 |
| STORD | $4B | $325.04M | 6 |
| Monzo Bank | $9B | $1.84B | 22 |
| Scopely | $41B | $998.50M | 10 |
| Deposit Solutions | $1B | $198.87M | 6 |
| Nicira Networks | $1B | $41.82M | 4 |
| Weave | $1.5B | $168.00M | 8 |
| Applied Intuition | $22B | $901.50M | 7 |
| ClassDojo | $17B | $191.10M | 6 |
| HyperScience | $7B | $288.88M | 9 |
| Remitly | $6.9B | $526.74M | 15 |
| Privateer Holdings | $2B | $228.00M | 4 |
| LogMeIn | $0.3B | $30.00M | 5 |
| Ramp | $41B | $1.82B | 10 |
| Material Security | $4B | $162.00M | 4 |
| Planet Labs | $2.8B | $573.90M | 10 |
| Checkr | $60B | $679.00M | 8 |
| Ava Labs | $11B | $290.00M | 6 |
| Dave | $4B | $646.30M | 10 |
| Sourcegraph | $5B | $248.00M | 7 |
| Productboard | $5B | $261.70M | 8 |
| Avant (Online Lending Firm) | $6B | $2.08B | 13 |
| FullStory | $4B | $197.20M | 7 |
| Amplitude | $4.6B | $311.48M | 14 |
| ThoughtSpot | $13B | $663.70M | 12 |
| Uber | $82.4B | $30.21B | 33 |
| Motive | $3B | $567.30M | 9 |
| Hasura | $2B | $136.50M | 4 |
| Evernote | $11B | $290.00M | 12 |
| Dapper Labs | $76B | $612.51M | 7 |
| Clearco | $6B | $858.64M | 9 |
| Ada (Business/Productivity Software) | $1B | $190.62M | 7 |
| Rebellion Defense | $1B | $150.00M | 2 |
| Stack Overflow | $12B | $153.00M | 6 |
| Stripe | $559B | $9.44B | 20 |
| Happy Money | $5B | $337.15M | 8 |
| Netscape Communications | $1.2B | $8.00M | 3 |
| Druva | $2B | $475.00M | 9 |
| Foundry Networks | $3B | - | 1 |
| Luminar | $2.9B | $709.75M | 11 |
| AlphaSense | $2B | $1.42B | 12 |
| Anaplan | $1.4B | $299.90M | 9 |
| LendingClub | $5.4B | $392.23M | 15 |
| Intercom | $13B | $240.75M | 7 |
| TravelPerk | $4B | $664.14M | 12 |
| Rubrik | $6.6B | $554.30M | 12 |
| Knock | $4B | - | - |
| Brex | $123B | $1.46B | 12 |
| Cresta | $6B | $276.00M | 5 |
| Deel | $169B | $679.00M | 9 |
| Leslie | $3B | - | 1 |
| MarkForged | $2.1B | $346.80M | 7 |
| Workato | $6B | $415.00M | 5 |
| Hippo Enterprises | $5B | $1.26B | 10 |
| Degreed | $4B | $462.74M | 16 |
| Looker | $5B | $280.50M | 7 |
| People.ai | $4B | $200.00M | 9 |
| Kraken | $32B | $30.55M | 20 |
| Upstart | $10B | $944.05M | 9 |
| Quantenna Communications | $0.5B | $186.13M | 12 |
| Braze | $6B | $175.10M | 9 |
| Freshworks | $10B | $484.00M | 9 |
| GitLab | $11B | $413.50M | 7 |
| Loom | $11B | $203.55M | 8 |
| Zuora | $1.4B | $647.50M | 11 |
| Wealthfront | $28B | $274.20M | 7 |
| InTouch Health | $1B | $49.20M | 6 |
| CleanCapital | $2B | $1.21B | 8 |
| Airtable | $282B | $1.35B | 10 |
| Instructure | $2.8B | $89.10M | 6 |
| Roofstock | $6B | $365.25M | 11 |
| Nubank | $41B | $4.17B | 15 |
| Fundbox | $8B | $553.50M | 9 |
| View (Building Products) | $1.6B | $2.57B | 20 |
| Nimble Storage | $1.5B | $98.75M | 5 |
| Vast | $4B | $381.00M | 7 |
| ID.me | $14B | $407.25M | 22 |
| Figma | $180B | $748.62M | 8 |
| Dynatrace | $4.4B | $21.90M | 4 |
| Handshake | $4B | $700.00K | 1 |
| Snap Group | $31B | $3.26M | 1 |
| Rubicon | $10B | $501.70M | 12 |
| Segment | $12B | $283.93M | 10 |
| Modern Health | $4B | $167.40M | 6 |
| Plaid | $40B | $734.30M | 6 |
| Mercury | $37B | $152.21M | 7 |
| Cribl | $2B | $721.21M | 7 |
| Forge Global | $2B | $357.00M | 11 |
| Chainalysis | $9B | $536.62M | 13 |
| Branch | $24B | $667.05M | 10 |
| Benchling | $37B | $411.90M | 9 |
| Pure Storage | $3.1B | $529.26M | 8 |
| Automile | $4B | $47.31M | 4 |
| Back | $15B | $3.30M | 2 |
| Sourcefire | $2B | $40.50M | 5 |
| Density | $11B | $217.20M | 9 |
| Nowports | $2B | $242.60M | 8 |
| SingleStore | $11B | $464.10M | 11 |
| FiscalNote | $1.3B | $637.33M | 23 |
| Bowery | $9B | $1.65M | 4 |
| Crossover | $1B | - | - |
| Takko | $2B | - | 3 |
| Auth0 | $6B | $332.28M | 10 |
| SumUp | $16B | $4.02B | 17 |
| Roblox | $14B | $874.45M | 13 |
| Divvy Homes | $4B | $1.23B | 7 |
| CircleCI | $10B | $315.00M | 9 |
| Addepar | $11B | $531.36M | 7 |
| AgentSync | $5B | $161.10M | 5 |
| Proofpoint | $0.4B | $885.50M | 7 |
| Coda Payments | $3B | $715.25M | 8 |
| Uala | $3B | $844.00M | 7 |
| SnapLogic | $5B | $371.30M | 10 |
| Signifyd | $4B | $409.00M | 7 |
| Spendesk | $3B | $311.85M | 6 |
| Notion Labs | $60B | - | - |
| Pilot.com | $1B | $172.10M | 6 |
| DocuSign | $4.5B | $536.20M | 20 |
| Lucid Software | $12B | $670.36M | 8 |
| BloomReach | $2B | $452.00M | 7 |
| DataStax | $5B | $342.57M | 10 |
| Snyk | $15B | $1.20B | 13 |
| PagerDuty | $1.8B | $523.60M | 8 |
| TradingView | $6B | $388.75M | 11 |
| SAP Concur | $0.2B | $291.75M | 2 |
| OpenAI | $20B | $21.90B | 10 |
| Razorpay | $47B | $816.31M | 10 |
| Iterable | $2B | $342.20M | 7 |
| Dataminr | $41B | $1.05B | 14 |
| Alto Pharmacy | $3B | $680.03M | 11 |
| Mirakl | $7B | $6.41M | 5 |
| LaunchDarkly | $6B | $330.30M | 8 |
| Hubspot | $0.8B | $100.50M | 6 |
| Bellabeat | $8B | $18.82M | 7 |
| Lyft | $24B | $5.31B | 29 |
| Workhuman | $1B | $131.48M | 4 |
| Skrill | $1B | - | - |
| Storable | $6B | $10.00M | 1 |
| $12.7B | $1.49B | 26 | |
| MySQL | $1B | $39.80M | 3 |
| Nuvemshop | $6B | $628.38M | 11 |
| MindTickle | $1B | $281.30M | 7 |
| Karat | $8B | $169.10M | 6 |
| Lendable | $19B | $1.61B | 10 |
| GrubMarket | $20B | $499.10M | 8 |
| Funding Circle | $2B | $746.45M | 10 |
| Flywire | $8B | $583.30M | 10 |
| Chipper Cash | $2B | $337.20M | 7 |
| Blockstream | $3B | $634.00M | 7 |
| Outreach | $22B | $489.02M | 13 |
| Xoom. | $0.5B | $104.35M | 7 |
| Splashtop | $3B | $114.00M | 5 |
| Stack | $2B | $5.04M | 5 |
| smava | $2B | $188.68M | 7 |
| PayPal Holdings | $46.6B | $5.22B | 6 |
| Salesforce | $1.1B | $65.38M | 7 |
| eToro | $20B | $692.70M | 18 |
| $23.1B | $26.10M | 3 | |
| Credit Karma | $7B | $868.00M | 8 |
| Clio | $3B | $1.29B | 6 |
| BazaarVoice | $0.7B | $130.55M | 5 |
| Transfix | $4B | $169.00M | 9 |
| Tipalti | $25B | $715.00M | 10 |
| Cloudflare | $4.4B | $332.20M | 7 |
| Box | $1.7B | $1.46B | 15 |
| Fastly | $1.5B | $369.00M | 8 |
| Kong | $7B | $344.10M | 7 |
| Mark43 | $8B | $268.82M | 8 |
| Datadog | $7.8B | $1.02B | 9 |
| Wise (Financial Software) | $11B | $1.67B | 13 |
| Wyre | $5B | $29.15M | 9 |
| Dropbox | $9.2B | $1.71B | 13 |
| Contentful | $6B | $349.60M | 9 |
| Turing | $11B | - | 2 |
| MURAL | $4B | $192.28M | 6 |
| Duo Security | $2B | $121.50M | 7 |
| The Zebra | $2B | $2.50B | 3 |
| ShipBob | $6B | $330.50M | 7 |
| Expensify | $2.2B | $138.20M | 9 |
| InVision | $4B | $356.20M | 10 |
| Relativity | $37B | $125.00M | 2 |
| Yammer | $15B | $142.00M | 6 |
| iSpot.tv | $2B | $382.80M | 5 |
| PayFit | $6B | $495.75M | 7 |
| Slice | $1B | $125.00M | 6 |
| Public.com | $10B | $443.50M | 10 |
Growth Trends & Market Impact
Gusto has become cash flow positive by adhering to its core values. The company has also partnered with Clair to offer embedded on-demand pay to employees at many of their 300,000 businesses.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 28.01.2023 | $746.10 million dollars | |
| №2 | 12.05.2022 | $55.00 million dollars |
Friends & Family Capital |
| №3 | 10.08.2021 | $175.00 million dollars |
T. Rowe Price |
| №4 | 24.07.2019 | $200.00 million dollars |
Fidelity Generation Investment Management |
| №5 | 18.12.2018 | $200.00 million dollars | |
| №6 | 31.07.2018 | $140.00 million dollars |
CapitalG Dragoneer Investment Group T. Rowe Price Y Combinator |
| №7 | 16.02.2018 | $140.00 million dollars |
Akkadian Ventures |
| №8 | 20.09.2017 | $140.00 million dollars | |
| №9 | 18.12.2015 | $90.00 million dollars |
CapitalG General Catalyst |
| №10 | 25.08.2015 | $90.00 million dollars |