About Justworks
Justworks is a company based in New York (United States) founded in 2012 by Isaac Oates.. Justworks has raised $147.52 million across 7 funding rounds from investors including Bain Capital, FirstMark and Union Square Ventures. Justworks has completed 2 acquisitions, including Boomr and Via. Justworks operates in a competitive market with competitors including Workday, Gusto, Kronos, Payflow and Konfío, among others.
- Headquarter New York, United States
- Founders Isaac Oates
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Sectors
HealthcareFinancial Services Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Justworks Employment Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$147.52 M (USD)
in 7 rounds
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Latest Funding Round
$50 M (USD), Series E
Jan 28, 2020
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Investors
Bain Capital
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Boomr
& 1 more
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Funding Insights of Justworks
Justworks has successfully raised a total of $147.52M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in January 2020. 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 7
- Last Round Series E — $50.0M
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First Round
First Round
(16 Oct 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series E - Justworks | Valuation | Union Square Ventures , FirstMark | |
| Jun, 2018 | Amount | Series D - Justworks | Valuation | Spark Capital |
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| Mar, 2018 | Amount | Series D - Justworks | Valuation | FirstMark |
| 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 Justworks
Justworks has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Bain Capital, FirstMark and Union Square Ventures. 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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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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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 Justworks
Justworks has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Boomr and Via. 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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Recruitment services are provided by Via to businesses and professionals.
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2016 | ||||
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Cloud-based time tracking and attendance management for businesses is provided.
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2011 |
| 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 - Justworks
| 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 |
Justworks Comparisons
Competitors of Justworks
Justworks 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 Workday, Gusto, Kronos, Payflow and Konfío, 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 |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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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 Justworks
Frequently Asked Questions about Justworks
When was Justworks founded?
Justworks was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Justworks located?
Justworks is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Justworks?
Michael Seckler is the current CEO of Justworks.
Is Justworks a funded company?
Justworks is a funded company, having raised a total of $147.52M across 7 funding rounds to date. The company's 1st funding round was a Series D of $40M, raised on Oct 16, 2013.
What does Justworks do?
Justworks was founded in 2012 in New York, United States, within the HR technology sector. Payroll processing and benefits administration are managed for small to medium-sized businesses. Services encompass health, dental, and vision insurance options, along with employee compliance tracking, onboarding processes, vendor and contractor payments, and HR consulting support. Operations focus on streamlining administrative tasks across the United States.
Who are the top competitors of Justworks?
How many acquisitions has Justworks made?
Who are Justworks's investors?
Justworks has 9 investors. Key investors include Bain Capital, FirstMark, Union Square Ventures, Bain Capital Ventures, and Index Ventures.
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