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
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles efficient payroll and tax compliance for businesses
Manages benefits to help attract and retain talent
Provides guidance on HR challenges and compliance issues
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $512.6M
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First Round
First Round
(26 Jul 2013)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Series C - Zenefits | Valuation | Fidelity Investments , TPG | |
| May, 2014 | Amount | Series B - Zenefits | Valuation | a16z | |
| Jan, 2014 | Amount | Series A - Zenefits | Valuation | a16z |
| 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 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. 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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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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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 Zenefits
| 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 |
Financial Statements - Zenefits
| 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 |
Zenefits Comparisons
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. 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 Zenefits
Frequently Asked Questions about Zenefits
When was Zenefits founded?
Zenefits was founded in 2013.
Where is Zenefits located?
Zenefits is headquartered in Tempe, United States. It is registered at Tempe, Arizona, United States.
Is Zenefits a funded company?
Zenefits is a funded company, having raised a total of $598.27M across 4 funding rounds to date. The company's 1st funding round was a Series A of $17.1M, raised on Jul 26, 2013.
How many employees does Zenefits have?
As of Apr 07, 2024, the latest employee count at Zenefits is 121.
What is the annual revenue of Zenefits?
Annual revenue of Zenefits is $6.03M as on Mar 31, 2023.
What does Zenefits do?
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.
Who are the top competitors of Zenefits?
What products or services does Zenefits offer?
Zenefits offers Payroll Processing, Benefits Administration, and HR Expertise.
Who are Zenefits's investors?
Zenefits has 26 investors. Key investors include Fidelity Investments, TriNet, Khosla Ventures, TPG, and FJ Labs.
What is Zenefits's valuation?
The valuation of Zenefits is $500M as of May 2014.
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