ZenPayroll Raises $6.1M in First Funding

ZenPayroll, Inc., a San Francisco, CA-based provider of a cloud payroll service, has raised $6.1m in its first round of funding.

Backers include:
Aaron Levie, CEO and co-founder, Box
Google Ventures
Data Collective
David Sacks, CEO and co-founder, Yammer
Drew Houston, CEO and co-founder, Dropbox
Jawed Karim, co-founder, YouTube
Jeremy Stoppelman, CEO and co-founder, Yelp
Sherpalo Ventures
Larry Augustin, CEO, SugarCRM
Kris Duggan, CEO and co-founder, Badgeville
Tien Tzuo, CEO and co-founder, Zuora
Y Combinator

Led by Joshua Reeves, CEO and co-founder, ZenPayroll has just announced the launch of its cloud-based payroll service, which aims to enable employers to pay their employees using a connected device. In addition, the solution automates all payroll tax calculations and payments, providing direct deposit and filing all payroll-related government documents without paper.



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