Gusto Raises $200M in Growth
Gusto has successfully raised $200M in a Growth at a $10B valuation led by T. Rowe Price.
Company Overview
Gusto is a HR Tech company headquartered in San Francisco, CA, founded in 2011 with 2500+ employees.
Payroll and benefits platform
Fundraising Details
- Amount Raised: $200M
- Round Type: Growth
- Valuation: $10B
- Date: 2024-09-01
- Investors: T. Rowe Price
About Gusto
Payroll and benefits platform The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2011
- Team Size: 2500+
- Industry: HR Tech
What This Means
This funding round demonstrates strong investor confidence in Gusto's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Gusto's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $10B valuation marks an important milestone for Gusto, positioning the company among notable players in the HR Tech industry.
Looking Ahead
With this new capital, Gusto is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-09-01. For more information about Gusto, visit their headquarters at San Francisco, CA.
