About Paylocity
Paylocity is a company based in Arlington Heights (United States) founded in 1997 by Steve Sarowitz.. Paylocity has raised $37.28 million across 2 funding rounds from investors including Adams Street Partners. The company has 6,700 employees as of June 30, 2025. Paylocity has completed 6 acquisitions, including Airbase, Blue Marble Payroll and Cloudsnap. Paylocity operates in a competitive market with competitors including Workday, Gusto, Kronos, SuccessFactors and Justworks, among others.
- Headquarter Arlington Heights, United States
- Employees 6700 as on 30 Jun, 2025
- Founders Steve Sarowitz
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paylocity Holding Corporation
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Annual Revenue
$1.6 B13.74as on Jun 30, 2025
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Net Profit
$227.13 M9.85as on Jun 30, 2025
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EBITDA
$416.21 M23.91as on Jun 30, 2025
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Total Equity Funding
$37.28 M (USD)
in 2 rounds
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Latest Funding Round
$27.28 M (USD), Series B
Jun 30, 2012
- Investors
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Employee Count
6700
as on Jun 30, 2025
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Investments & Acquisitions
Airbase
& 5 more
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IPO & Listings of Paylocity
Paylocity is a publicly listed company on the NASDAQ with ticker symbol PCTY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
81 people
Product Management Team
58 people
Data Analysis and Operations Team
19 people
Finance and Accounting
9 people
Principal Team
8 people
Leadership Team
6 people
Senior Team
5 people
Team Team
5 people
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Funding Insights of Paylocity
Paylocity has successfully raised a total of $37.28M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $27.28 million completed in June 2012. 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 2
- Last Round Series B — $27.3M
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First Round
First Round
(16 May 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Series B - Paylocity | Valuation |
investors |
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| May, 2008 | Amount | Series A - Paylocity | Valuation |
investors |
| 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 Paylocity
Paylocity has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Adams Street Partners. 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 markets investment management with strategies in equity, credit, and secondary investments.
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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 Paylocity
Paylocity has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Airbase, Blue Marble Payroll and Cloudsnap. 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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Procure-to-pay management software is offered for business operations.
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2017 | ||||
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Cloud-based HR and payroll software is provided for small businesses.
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2013 | ||||
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Online collaboration platform for teams and partners is provided.
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2013 |
| 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 - Paylocity
| 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 |
Paylocity Comparisons
Competitors of Paylocity
Paylocity 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, SuccessFactors and Justworks, 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 |
Cloud-based human capital management software is delivered globally.
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| 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 human capital management software is provided for enterprises.
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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 Paylocity
Frequently Asked Questions about Paylocity
When was Paylocity founded?
Paylocity was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Where is Paylocity located?
Paylocity is headquartered in Arlington Heights, United States. It is registered at Arlington Heights, Illinois, United States.
Is Paylocity a funded company?
Paylocity is a funded company, having raised a total of $37.28M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on May 16, 2008.
How many employees does Paylocity have?
As of Jun 30, 2025, the latest employee count at Paylocity is 6,700.
What is the annual revenue of Paylocity?
Annual revenue of Paylocity is $1.6B as on Jun 30, 2025.
What does Paylocity do?
Paylocity was founded in 1997 and is headquartered in Arlington Heights, United States. Cloud-based platforms for payroll and human resources management are offered to support business operations. Functions such as expense tracking, payment processing, tax handling, time and attendance monitoring, compliance oversight, performance assessment, compensation planning, and budget control are included. Additional services address benefits administration and employee engagement within the HR technology sector.
Who are the top competitors of Paylocity?
Paylocity's top competitors include Workday, Gusto and SuccessFactors.
Is Paylocity publicly traded?
Yes, Paylocity is publicly traded on NASDAQ under the ticker symbol PCTY.
How many acquisitions has Paylocity made?
Paylocity has made 6 acquisitions, including Airbase, Blue Marble Payroll, and Cloudsnap.
Who are Paylocity's investors?
Paylocity has 1 investor. Key investors include Adams Street Partners.
What is Paylocity's ticker symbol?
The ticker symbol of Paylocity is PCTY on NASDAQ.