About Zenefits
Zenefits is a company based in Tempe (United States) founded in 2013 was acquired by TriNet in December 2021. Zenefits has raised $598.27 million across 4 funding rounds from investors including Fidelity Investments, TriNet and Khosla Ventures. The company has 121 employees as of April 07, 2024. Zenefits offers products and services including Payroll Processing, Benefits Administration, and HR Expertise. Zenefits operates in a competitive market with competitors including Workday, Gusto, Kronos, Payflow and Konfío, among others.
- Headquarter Tempe, United States
- Employees 121 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
HealthcareFinancial Services Technology
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Trinet Global Technology Centre India Private Limited
- Date of Incorporation 23 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$6.03 M (USD)62.34as on Mar 31, 2023
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Net Profit
$698.66 K (USD)63.15as on Mar 31, 2023
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EBITDA
$1.27 M (USD)94.16as on Mar 31, 2023
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Total Equity Funding
$598.27 M (USD)
in 4 rounds
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Latest Funding Round
$512.57 M (USD), Series C
May 06, 2015
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Investors
Fidelity Investments
& 25 more
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Employee Count
121
as on Apr 07, 2024
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Acquired by
TriNet
(Dec 23, 2021)
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Products & Services of Zenefits
Zenefits offers a comprehensive portfolio of products and services, including Payroll Processing, Benefits Administration, and HR Expertise.
Handles efficient payroll and tax compliance for businesses
Manages benefits to help attract and retain talent
Provides guidance on HR challenges and compliance issues
People of Zenefits
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Software Development Team
180 people
Sales and Marketing
114 people
Leadership Team
79 people
Human Resources and Administration
74 people
Product Management Team
61 people
Senior Team
51 people
Finance and Accounting
23 people
Associate Team
16 people
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Funding Insights of Zenefits
Zenefits has successfully raised a total of $598.27M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $512.57 million completed in May 2015. 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.
Investors in Zenefits
Zenefits has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, TriNet and Khosla Ventures.
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Growth in technology companies is supported through venture capital.
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Venture capital investments in technology and defense sectors.
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Early-stage startups are funded by this venture capital firm.
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Investor details for Zenefits
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Zenefits
Investment portfolio details for Zenefits
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- Transaction dates
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Financial Statements - Zenefits
Detailed financials for Zenefits
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- Profit trends
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Zenefits Comparisons
Peer comparison for Zenefits
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Competitors of Zenefits
Zenefits 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based HR and financial software is delivered to enterprises.
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Cloud-based HR and payroll solutions are offered for small businesses.
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HCM software solutions for enterprise workforce management are provided.
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Payflow is recognized as a financial wellness application for employees.
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Financial solutions platform provider
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Cloud-based human resource management software is offered.
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Detailed competitors of Zenefits
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Zenefits
Complete news archive for Zenefits
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Frequently Asked Questions about Zenefits
Zenefits was founded in 2013.
Zenefits is headquartered in Tempe, United States. It is registered at Tempe, Arizona, United States.
Zenefits is a funded company, having raised a total of $598.27M across 4 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Zenefits is 121.
Annual revenue of Zenefits is $6.03M as on Mar 31, 2023.
Zenefits was established in 2013 in Tempe, United States, as a provider of cloud-based HR and payroll services. Operations focus on streamlining administrative tasks through tools for payroll processing, time tracking, and employee scheduling. Additional features encompass onboarding processes, benefits administration, hiring support, retention strategies, and employee experience enhancements within the HR technology sector.
Zenefits offers Payroll Processing, Benefits Administration, and HR Expertise.
Zenefits has 26 investors. Key investors include Fidelity Investments, TriNet, Khosla Ventures, TPG, and FJ Labs.
The valuation of Zenefits is $500M as of May 2014.