Zenefits - About the company
Zenefits is an acquired company based in Tempe (United States), founded in 2013 by Parker Conrad and Laks Srini. It operates as a Cloud-based platform for HR and payroll management solutions. Zenefits has raised $598M in funding from investors like a16z, Fidelity Investments and Venrock, with last known valuation of $2B. The company has 3819 active competitors, including 310 funded and 235 that have exited. Its top competitors include companies like Workday, Gusto and Bob.
Sectors and market segments that Zenefits operate in
Zenefits serves in the B2B, SaaS space in the FinTech, InsurTech, HealthTech market segments.The primary business model of Zenefits are:Company Details
Cloud-based platform for HR and payroll management solutions. It offers tools for managing payroll, time and schedule, and employee benefits. The platform provides features such as employee scheduling, onboarding, benefits management, employee experience management, hiring and retaining solutions, and more.
- Website
- Social
- Email ID
- @zenefits.com
- Phone Number
- +1
Key Metrics
Founded Year
2013
Location
Tempe, United States
Stage
Acquired
Total Funding
in 4 rounds
Latest Funding Round
Last Known Valuation
as on Jul 03, 2016
Investors
Ranked
37th among
Employee Count
as on Dec 31, 2022
Similar Companies
Workday &
Exit Details
Acquired by TriNet (Dec 23, 2021)
Legal entities associated with Zenefits
Zenefits is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Dec 31, 1999 | - | 867 | 113 |
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Zenefits's acquisition details
Zenefits got acquired by TriNet on Dec 23, 2021.
Click to take a look at Zenefits's acquisition in detail
Zenefits's funding and investors
Zenefits has raised a total funding of $598M over 4 rounds. Its first funding round was on Jul 26, 2013. Its latest funding round was a Series C round on May 06, 2015 for $513M. 9 investors participated in its latest round, lead by Fidelity Investments and TPG.
Zenefits has 39 institutional investors including a16z, Fidelity Investments and Venrock. Alexis Ohanian and 10 others are Angel Investors in Zenefits.
Here is the list of recent funding rounds of Zenefits:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
May 06, 2015 | $513M | Series C | - | - | |
May 28, 2014 | $66.5M | Series B | $500M | - | |
Jan 10, 2014 | $17.1M | Series A | - | - |
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Zenefits's valuation details
Zenefits is valued at $2B as per the last known valuation. Here is Zenefits's valuation trend over time:
Date | Valuation |
|---|---|
Jul 16 | $2B |
Jun 14 | 686 |
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The founders of Zenefits are Parker Conrad and Laks Srini. Parker Conrad has founded 3 more companies - Rippling, and SigFig. Laks Srini has founded 1 more company - ZeroDown.
View details of Zenefits's Founder profiles and Board Members
Zenefits's employee count trend
Zenefits has 242 employees as of Dec 22. The total employee count is the same as what it was in Dec 21. Here is Zenefits's employee count trend over the years:
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Top competitors of Zenefits include Workday, Gusto and Bob. Here is the list of Top 10 competitors of Zenefits, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Workday 2005, Pleasanton (United States), Public | Cloud-based financial management, EPM, and HR software provider for enterprises | $352M | InterWest Partners, New Enterprise AssociatesÌý&²¹³¾±è;Ìý | 92/100 |
2nd | Gusto 2012, San Francisco (United States), Series E | Cloud-based human resource management and payroll management solutions for SMBs | $718M | Kleiner Perkins, Cross CreekÌý&²¹³¾±è;Ìý | 83/100 |
3rd | Cloud-based HRMS platform for enterprises | $574M | Kreos Capital, General AtlanticÌý&²¹³¾±è;Ìý | 83/100 | |
4th |  Kronos 1977, Lowell (United States), Acquired | Provider of HCM software solutions for enterprises | $855M | Bessemer Venture Partners, BlackstoneÌý&²¹³¾±è;Ìý | 80/100 |
5th | Online financial services platform for on-demand pay and savings | $20M | Rocket Internet, Ìý&²¹³¾±è;Ìý | 80/100 | |
6th |  °´Ç²Ô´ÚÃ´Ç 2014, Miguel Hidalgo (Mexico), Series E | Financial solutions platform provider | $378M | Goldman Sachs, IFCÌý&²¹³¾±è;Ìý | 79/100 |
7th |  People Strong 2005, Gurugram (India), Acquired | Cloud-based human resource management software | $26.4M | HDFC Bank, Multiples Alternate Asset ManagementÌý&²¹³¾±è;Ìý | 78/100 |
8th | Businessolver 1998, West Des Moines (United States), Late Stage | Cloud-based employee benefits administration solution | $65.2M | Warburg Pincus, Stone Point CapitalÌý&²¹³¾±è;Ìý | 78/100 |
9th | Paylocity 1997, Arlington Heights (United States), Public | Cloud-based payroll and HR management solutions for businesses | $37.3M | 78/100 | |
10th |  Ceridian 1992, Minneapolis (United States), Public | Cloud based human capital management software solution | $150M | Welsh, Carson, Anderson & Stowe, Thomas H Lee PartnersÌý&²¹³¾±è;Ìý | 77/100 |
37th |  2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 61/100 |
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Zenefits's Investments and acquisitions
Zenefits has made no investments or acquisitions yet.
Reports related to Zenefits
Here is the latest report on Zenefits's sector:
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News related to Zenefits
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Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Zenefits
When was Zenefits founded?
Zenefits was founded in 2013.Where is Zenefits located?
Zenefits is located in Tempe, United States.Is Zenefits an acquired company?
Zenefits got acquired by TriNet on Dec 23, 2021.When was the latest funding round of Zenefits?
Zenefits's latest funding round was on May 06, 2015.How much is Zenefits worth?
The last known valuation of Zenefits was $2B as on Jul 03, 2016.What is the annual revenue of Zenefits?
Annual revenue of Zenefits is undefined as on undefined.Is Zenefits a Employer Insurance company?
The primary sectors of Zenefits are Employer Insurance, HRTech, Finance & Accounting Tech and Employee Health IT.Our Lite Plan Awaits you - Its Free!
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