About Gusto
Gusto is a company based in San Francisco (United States) founded in 2012 by Aziz Qureshi, Joshua Reeves, Tomer London, and Edward Kim.. Gusto has raised $718.35 million across 9 funding rounds from investors including Fidelity Investments, Kleiner Perkins and T. Rowe Price. Gusto has completed 4 acquisitions, including Ardius, Guideline and Remote Team. Gusto operates in a competitive market with competitors including Justworks, ADP, Paycor, Paychex and Earnin, among others.
- Headquarter San Francisco, United States
- Founders Aziz Qureshi, Joshua Reeves, Tomer London, Edward Kim
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$718.35 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Fidelity Investments
& 34 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ardius
& 3 more
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Software Development Team
286 people
Sales and Marketing
84 people
Product Management Team
84 people
Operations Team
47 people
Leadership Team
39 people
Finance and Accounting
30 people
Legal and Compliance
19 people
Data Analysis and Operations Team
18 people
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Funding Insights of Gusto
Gusto has successfully raised a total of $718.35M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(11 Dec 2012)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series E - Gusto | Valuation |
investors |
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| Aug, 2021 | Amount | Series E - Gusto | Valuation | T. Rowe Price | |
| Jul, 2019 | Amount | Series D - Gusto | Valuation | Fidelity Investments , Generation Investment Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gusto
Gusto has secured backing from 35 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Kleiner Perkins and T. Rowe Price. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gusto
Gusto has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Ardius, Guideline and Remote Team. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based R&D tax credit and claim software for businesses
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2018 | ||||
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Human resource tools for remote teams are provided.
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2005 | ||||
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Payroll tax compliance solutions are offered for enterprises.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Gusto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gusto Comparisons
Competitors of Gusto
Gusto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Justworks, ADP, Paycor, Paychex and Earnin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gusto
Frequently Asked Questions about Gusto
When was Gusto founded?
Gusto was founded in 2012.
Where is Gusto located?
Gusto is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Gusto?
Joshua Reeves is the current CEO of Gusto. They have also founded this company.
Is Gusto a funded company?
Gusto is a funded company, having raised a total of $718.35M across 9 funding rounds to date. The company's 1st funding round was a Series D of $200M, raised on Dec 11, 2012.
What does Gusto do?
Gusto was founded in 2012 in San Francisco, United States, focusing on the HR technology sector. Cloud-based platforms for human resource management and payroll processing are provided to small and medium-sized businesses. Services encompass payroll administration, benefits handling, team coordination, time tracking, and additional tools. Health, vision, and dental insurance options are made available through integrated partnerships. Operations are centered in the U.S. market.
How many acquisitions has Gusto made?
Gusto has made 4 acquisitions, including Ardius, Guideline, and Remote Team.
Who are Gusto's investors?
Gusto has 35 investors. Key investors include Fidelity Investments, Kleiner Perkins, T. Rowe Price, Franklin Templeton, and Ribbit Capital.
What is Gusto's valuation?
The valuation of Gusto is $9.5B as of Aug 2021.
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