Justworks, a NYC-based startup providing payroll, benefits, and compliance platforms, raised $6m in Series A funding.
The round was led by Thrive Capital with participation from Index Ventures. In conjunction with the funding, Will Gaybrick, general partner at Thrive, will join Justwork’s board.
The company, which has raised $7m in total having raised a seed round of $1m in October 2013, will use the funds to scale their platform, build out their core technology offerings, enter new markets, and further develop their operations and support infrastructure.
Led by Isaac Oates, CEO, Justworks provides a technology-based “co-employment” platform which allows businesses to combine employees under one Employer Identification Number (EIN) and save money through lower-cost benefits including medical, dental, and vision. The company, which currently has over 2,000 companies in a wide variety of industries, including accounting, media and technology, and professional services using its platform, is present in 43 states, with plans to expand to the rest of the country by year’s end.
FinSMEs
10/10/2014