Justworks, a NYC-based HR technology company, closed a $50m Series E funding.
The round, which brought total funding to $143m, was led by Union Square Ventures and existing investor FirstMark Capital, with participation from Bain Capital Ventures, Index Ventures, Redpoint Ventures, Spark Capital, and Thrive Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2012 by Isaac Oates, CEO, Justworks provides a platform to start, run and grow a business. By leveraging a technology-enabled version of the Professional Employer Organization (PEO) model, Justwork provides a platform for small and medium-sized companies with under 200 employees to get access to big-company benefits, health and wellness providers, payroll, HR tools and compliance support.