Gusto valuation, funding and investors

Gusto works in payroll management software development, based in San Francisco, United States. Founded in 2012, it has about 8,230 employees.

Tech Companies San Francisco Series E

VALUATION · TODAY

$17.96B +0% after Series E

Range $7.08B – $20.66B · Grade B

TODAY

+12 MO

$5.00B

$10.00B

$15.00B

$20.00B

$25.00B

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $6.10M

Series A $20.0M

Series B $60.0M

Series C $140M

Series D $200M

Series E $175M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY8,228 employees

+89%6m growth

+124%1y growth

+165%2y growth

5,000

10k

Data from Jan 2021

TODAY

Predicted in 1 yr $17.96B +0% vs today

Predicted next raise $1.98B if a round comes

Winding-down probability 0%

Last round: Series E · $175M · Aug 2021
Valuation at last round: $9.50B
Headcount: 8,228 · growing
Grade: B
Founded: 2012

How VCMC values companies →

Gusto valuation today

VCMC values Gusto at $18.0B today, with a range of $7.1B to $20.7B and a grade of B. The valuation starts from its last funding round, a Series E round in Aug 2021.

Valuation by date (184 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Gusto: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2012	$4.60M	$1.67M – $12.6M	$4.70M (+2%)	before first round	–	unknown	D	0%
1 Feb 2012	$4.60M	$1.67M – $12.6M	$4.72M (+3%)	before first round	–	unknown	D	0%
1 Mar 2012	$4.60M	$1.67M – $12.6M	$4.74M (+3%)	before first round	–	unknown	D	0%
1 Apr 2012	$4.60M	$1.67M – $12.6M	$4.76M (+4%)	before first round	–	unknown	D	0%
1 May 2012	$4.60M	$1.67M – $12.6M	$4.78M (+4%)	before first round	–	unknown	D	0%
1 Jun 2012	$4.60M	$1.67M – $12.6M	$4.80M (+4%)	before first round	–	unknown	D	0%
1 Jul 2012	$4.60M	$1.67M – $12.6M	$4.82M (+5%)	before first round	–	unknown	D	0%
1 Aug 2012	$4.61M	$1.68M – $12.7M	$4.84M (+5%)	before first round	–	unknown	D	0%
1 Sep 2012	$4.63M	$1.69M – $12.7M	$4.85M (+5%)	before first round	–	unknown	D	0%
1 Oct 2012	$4.65M	$1.69M – $12.8M	$4.87M (+5%)	before first round	–	unknown	D	0%
1 Nov 2012	$4.67M	$1.70M – $12.8M	$4.89M (+5%)	before first round	–	unknown	D	0%
1 Dec 2012	$4.69M	$1.71M – $12.9M	$4.91M (+5%)	before first round	–	unknown	D	0%
12 Dec 2012	$24.4M	$16.0M – $74.3M	$48.8M (+100%)	after a round	–	unknown	C	0%
1 Jan 2013	$25.4M	$16.0M – $74.3M	$48.8M (+92%)	after a round	–	unknown	C	0%
1 Feb 2013	$26.9M	$16.0M – $74.3M	$48.8M (+81%)	after a round	–	unknown	C	0%
1 Mar 2013	$28.4M	$16.0M – $74.3M	$48.8M (+72%)	after a round	–	unknown	C	0%
1 Apr 2013	$30.1M	$16.0M – $74.3M	$48.8M (+62%)	after a round	–	unknown	C	0%
1 May 2013	$31.9M	$16.0M – $74.3M	$48.8M (+53%)	after a round	–	unknown	C	0%
1 Jun 2013	$33.8M	$16.0M – $74.3M	$48.8M (+44%)	after a round	–	unknown	C	0%
1 Jul 2013	$35.8M	$16.0M – $74.3M	$48.8M (+36%)	after a round	–	unknown	C	0%
1 Aug 2013	$38.0M	$16.0M – $74.3M	$48.8M (+29%)	after a round	–	unknown	C	0%
1 Sep 2013	$40.3M	$16.0M – $74.3M	$48.8M (+21%)	after a round	–	unknown	C	0%
1 Oct 2013	$42.6M	$16.0M – $74.3M	$48.8M (+14%)	after a round	–	unknown	C	0%
1 Nov 2013	$45.2M	$16.0M – $74.3M	$48.8M (+8%)	after a round	–	unknown	C	0%
1 Dec 2013	$47.9M	$16.0M – $74.3M	$48.8M (+2%)	after a round	–	unknown	C	0%
1 Jan 2014	$48.8M	$15.5M – $74.3M	$48.8M (0%)	after a round	–	unknown	C	0%
1 Feb 2014	$48.8M	$14.7M – $74.3M	$48.8M (0%)	after a round	–	unknown	C	0%
20 Feb 2014	$86.8M	$61.1M – $221M	$156M (+80%)	after a round	–	unknown	C	0%
1 Mar 2014	$88.1M	$61.1M – $221M	$156M (+77%)	after a round	–	unknown	C	0%
1 Apr 2014	$92.6M	$61.1M – $221M	$156M (+69%)	after a round	–	unknown	C	0%
1 May 2014	$97.2M	$61.1M – $221M	$156M (+61%)	after a round	–	unknown	C	0%
1 Jun 2014	$102M	$61.1M – $221M	$156M (+53%)	after a round	–	unknown	C	0%
1 Jul 2014	$107M	$61.1M – $221M	$156M (+46%)	after a round	–	unknown	C	0%
1 Aug 2014	$113M	$61.1M – $221M	$156M (+38%)	after a round	–	unknown	C	0%
1 Sep 2014	$118M	$61.1M – $221M	$156M (+32%)	after a round	–	unknown	C	0%
1 Oct 2014	$124M	$61.1M – $221M	$156M (+26%)	after a round	–	unknown	C	0%
1 Nov 2014	$131M	$61.1M – $221M	$156M (+19%)	after a round	–	unknown	C	0%
1 Dec 2014	$137M	$61.1M – $221M	$156M (+14%)	after a round	–	unknown	C	0%
1 Jan 2015	$144M	$61.1M – $221M	$156M (+8%)	after a round	–	unknown	C	0%
1 Feb 2015	$152M	$61.1M – $221M	$156M (+3%)	after a round	–	unknown	C	0%
1 Mar 2015	$156M	$60.1M – $221M	$156M (0%)	after a round	–	unknown	C	0%
1 Apr 2015	$156M	$57.1M – $221M	$156M (0%)	after a round	–	unknown	C	0%
11 Apr 2015	$561M	$487M – $966M	$840M (+50%)	after a round	–	unknown	B	0%
1 May 2015	$573M	$487M – $966M	$840M (+47%)	after a round	–	unknown	B	0%
1 Jun 2015	$593M	$487M – $966M	$840M (+42%)	after a round	–	unknown	B	0%
1 Jul 2015	$613M	$487M – $966M	$840M (+37%)	after a round	–	unknown	B	0%
1 Aug 2015	$635M	$487M – $966M	$840M (+32%)	after a round	–	unknown	B	0%
1 Sep 2015	$657M	$487M – $966M	$840M (+28%)	after a round	–	unknown	B	0%
1 Oct 2015	$679M	$487M – $966M	$840M (+24%)	after a round	–	unknown	B	0%
1 Nov 2015	$703M	$487M – $966M	$840M (+19%)	after a round	–	unknown	B	0%
1 Dec 2015	$727M	$487M – $966M	$840M (+16%)	after a round	–	unknown	B	0%
1 Jan 2016	$752M	$487M – $966M	$840M (+12%)	after a round	–	unknown	B	0%
1 Feb 2016	$779M	$487M – $966M	$840M (+8%)	after a round	–	unknown	B	0%
1 Mar 2016	$804M	$487M – $966M	$840M (+4%)	after a round	–	unknown	B	0%
1 Apr 2016	$832M	$487M – $966M	$840M (+1%)	after a round	–	unknown	B	0%
1 May 2016	$840M	$472M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Jun 2016	$840M	$452M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Jul 2016	$840M	$433M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Aug 2016	$840M	$414M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Sep 2016	$840M	$396M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Oct 2016	$840M	$379M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Nov 2016	$840M	$363M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Dec 2016	$840M	$348M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Jan 2017	$840M	$333M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Feb 2017	$840M	$318M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Mar 2017	$840M	$306M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 Apr 2017	$840M	$293M – $966M	$840M (0%)	after a round	–	unknown	B	0%
1 May 2017	$840M	$258M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Jun 2017	$840M	$245M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Jul 2017	$840M	$233M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Aug 2017	$840M	$222M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Sep 2017	$840M	$211M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Oct 2017	$840M	$201M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Nov 2017	$840M	$191M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Dec 2017	$840M	$181M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Jan 2018	$840M	$172M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Feb 2018	$840M	$164M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Mar 2018	$840M	$157M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Apr 2018	$840M	$149M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 May 2018	$840M	$142M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Jun 2018	$840M	$135M – $966M	$840M (0%)	after a round	–	unknown	C	0%
1 Jul 2018	$840M	$128M – $966M	$840M (0%)	after a round	–	unknown	D	0%
1 Aug 2018	$2.0B	$1.7B – $3.0B	$2.6B (+30%)	after a round	–	unknown	A	0%
1 Sep 2018	$2.0B	$1.7B – $3.0B	$2.6B (+27%)	after a round	–	unknown	A	0%
1 Oct 2018	$2.1B	$1.7B – $3.0B	$2.6B (+24%)	after a round	–	unknown	A	0%
1 Nov 2018	$2.1B	$1.7B – $3.0B	$2.6B (+22%)	after a round	–	unknown	A	0%
1 Dec 2018	$2.2B	$1.7B – $3.0B	$2.6B (+19%)	after a round	–	unknown	A	0%
1 Jan 2019	$2.2B	$1.7B – $3.0B	$2.6B (+16%)	after a round	–	unknown	A	0%
1 Feb 2019	$2.3B	$1.7B – $3.0B	$2.6B (+14%)	after a round	–	unknown	A	0%
1 Mar 2019	$2.3B	$1.7B – $3.0B	$2.6B (+12%)	after a round	–	unknown	A	0%
1 Apr 2019	$2.4B	$1.7B – $3.0B	$2.6B (+9%)	after a round	–	unknown	A	0%
1 May 2019	$2.4B	$1.7B – $3.0B	$2.6B (+7%)	after a round	–	unknown	A	0%
1 Jun 2019	$2.5B	$1.7B – $3.0B	$2.6B (+4%)	after a round	–	unknown	A	0%
1 Jul 2019	$2.5B	$1.7B – $3.0B	$2.6B (+2%)	after a round	–	unknown	A	0%
25 Jul 2019	$3.8B	$3.3B – $5.7B	$4.9B (+30%)	after a round	–	unknown	A	0%
1 Aug 2019	$3.8B	$3.3B – $5.7B	$4.9B (+29%)	after a round	–	unknown	A	0%
1 Sep 2019	$3.9B	$3.3B – $5.7B	$4.9B (+26%)	after a round	–	unknown	A	0%
1 Oct 2019	$4.0B	$3.3B – $5.7B	$4.9B (+24%)	after a round	–	unknown	A	0%
1 Nov 2019	$4.1B	$3.3B – $5.7B	$4.9B (+21%)	after a round	–	unknown	A	0%
1 Dec 2019	$4.2B	$3.3B – $5.7B	$4.9B (+18%)	after a round	–	unknown	A	0%
1 Jan 2020	$4.3B	$3.3B – $5.7B	$4.9B (+16%)	after a round	–	unknown	A	0%
1 Feb 2020	$4.4B	$3.3B – $5.7B	$4.9B (+13%)	after a round	–	unknown	A	0%
1 Mar 2020	$4.5B	$3.3B – $5.7B	$4.9B (+11%)	after a round	–	unknown	A	0%
1 Apr 2020	$4.6B	$3.3B – $5.7B	$4.9B (+8%)	after a round	–	unknown	A	0%
1 May 2020	$4.7B	$3.3B – $5.7B	$4.9B (+6%)	after a round	–	unknown	A	0%
1 Jun 2020	$4.8B	$3.3B – $5.7B	$4.9B (+4%)	after a round	–	unknown	A	0%
1 Jul 2020	$4.9B	$3.3B – $5.7B	$4.9B (+2%)	after a round	–	unknown	A	0%
1 Aug 2020	$4.9B	$3.3B – $5.7B	$4.9B (0%)	after a round	–	unknown	A	0%
1 Sep 2020	$4.9B	$3.1B – $5.7B	$4.9B (0%)	after a round	–	unknown	B	0%
1 Oct 2020	$4.9B	$3.0B – $5.7B	$4.9B (0%)	after a round	–	unknown	B	0%
1 Nov 2020	$4.9B	$2.8B – $5.7B	$4.9B (0%)	after a round	–	unknown	B	0%
1 Dec 2020	$4.9B	$2.7B – $5.7B	$4.9B (0%)	after a round	–	unknown	B	0%
1 Jan 2021	$4.9B	$2.6B – $5.7B	$4.9B (0%)	after a round	1,400	unknown	B	0%
1 Feb 2021	$4.9B	$2.5B – $5.7B	$4.9B (0%)	after a round	1,400	unknown	B	0%
1 Mar 2021	$4.9B	$2.4B – $5.7B	$4.9B (0%)	after a round	1,400	unknown	B	0%
1 Apr 2021	$4.9B	$2.3B – $5.7B	$4.9B (0%)	after a round	1,400	flat	B	0%
1 May 2021	$4.9B	$2.2B – $5.7B	$4.9B (0%)	after a round	1,500	flat	B	0%
1 Jun 2021	$4.9B	$2.1B – $5.7B	$4.9B (0%)	after a round	1,500	flat	B	0%
1 Jul 2021	$4.9B	$2.0B – $5.7B	$4.9B (0%)	after a round	1,500	flat	B	0%
1 Aug 2021	$4.9B	$1.8B – $5.7B	$4.9B (0%)	after a round	1,500	flat	B	0%
11 Aug 2021	$9.5B	$8.3B – $14.2B	$12.4B (+30%)	after a round	1,500	flat	A	0%
1 Sep 2021	$9.7B	$8.3B – $14.2B	$12.4B (+28%)	after a round	1,500	flat	A	0%
1 Oct 2021	$9.9B	$8.3B – $14.2B	$12.4B (+25%)	after a round	1,500	flat	A	0%
1 Nov 2021	$10.1B	$8.3B – $14.2B	$12.4B (+22%)	after a round	1,500	flat	A	0%
1 Dec 2021	$10.3B	$8.3B – $14.2B	$12.4B (+20%)	after a round	1,500	flat	A	0%
1 Jan 2022	$10.5B	$8.3B – $14.2B	$12.4B (+17%)	after a round	1,500	flat	A	0%
1 Feb 2022	$10.8B	$8.3B – $14.2B	$12.4B (+15%)	after a round	1,500	flat	A	0%
1 Mar 2022	$11.0B	$8.3B – $14.2B	$12.4B (+12%)	after a round	1,500	flat	A	0%
1 Apr 2022	$11.2B	$8.3B – $14.2B	$12.4B (+10%)	after a round	1,500	flat	A	0%
1 May 2022	$11.5B	$8.3B – $14.2B	$12.4B (+8%)	after a round	1,500	flat	A	0%
1 Jun 2022	$11.7B	$8.3B – $14.2B	$12.4B (+5%)	after a round	1,500	flat	A	0%
1 Jul 2022	$12.0B	$8.3B – $14.2B	$12.4B (+3%)	after a round	1,500	flat	A	0%
1 Aug 2022	$12.3B	$8.3B – $14.2B	$12.4B (+1%)	after a round	1,500	flat	A	0%
1 Sep 2022	$12.4B	$8.0B – $14.2B	$12.4B (0%)	after a round	1,500	flat	A	0%
1 Oct 2022	$12.4B	$7.6B – $14.2B	$12.4B (0%)	after a round	1,500	flat	B	0%
1 Nov 2022	$12.4B	$7.3B – $14.2B	$12.4B (0%)	after a round	1,500	unknown	B	0%
1 Dec 2022	$12.4B	$7.0B – $14.2B	$12.4B (0%)	after a round	1,500	unknown	B	0%
1 Jan 2023	$13.8B	$7.0B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Feb 2023	$13.8B	$6.7B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Mar 2023	$13.8B	$6.5B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Apr 2023	$13.8B	$6.3B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 May 2023	$13.8B	$6.0B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Jun 2023	$13.8B	$5.8B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Jul 2023	$13.8B	$5.6B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Aug 2023	$13.8B	$5.4B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Sep 2023	$13.8B	$4.9B – $15.9B	$13.8B (0%)	after a round	2,500	unknown	B	0%
1 Oct 2023	$13.9B	$4.7B – $16.0B	$13.8B (-1%)	after a round	2,600	flat	C	0%
1 Nov 2023	$13.9B	$4.5B – $16.0B	$13.7B (-2%)	after a round	2,600	flat	C	0%
1 Dec 2023	$13.9B	$4.3B – $16.0B	$13.6B (-3%)	after a round	2,600	flat	C	0%
1 Jan 2024	$13.9B	$4.0B – $16.0B	$13.5B (-3%)	after a round	2,600	flat	C	0%
1 Feb 2024	$13.9B	$3.8B – $16.0B	$13.4B (-4%)	after a round	2,600	flat	C	0%
1 Mar 2024	$14.2B	$6.7B – $16.3B	$13.7B (-4%)	after a round	2,800	up	B	0%
1 Apr 2024	$14.2B	$6.6B – $16.3B	$13.6B (-4%)	after a round	2,800	up	B	0%
1 May 2024	$14.2B	$6.4B – $16.3B	$13.5B (-5%)	after a round	2,800	up	B	0%
1 Jun 2024	$14.2B	$6.3B – $16.3B	$13.4B (-5%)	after a round	2,800	up	B	0%
1 Jul 2024	$14.2B	$6.2B – $16.3B	$13.4B (-6%)	after a round	2,800	up	B	0%
1 Aug 2024	$14.5B	$6.2B – $16.7B	$13.9B (-4%)	after a round	3,100	up	B	0%
1 Sep 2024	$14.5B	$4.8B – $16.6B	$13.9B (-4%)	after a round	3,100	up	C	0%
1 Oct 2024	$14.4B	$4.7B – $16.6B	$13.8B (-4%)	after a round	3,100	up	C	0%
1 Nov 2024	$14.5B	$4.5B – $16.7B	$14.1B (-3%)	after a round	3,200	up	C	0%
1 Dec 2024	$14.5B	$4.4B – $16.6B	$14.1B (-3%)	after a round	3,200	up	C	0%
1 Jan 2025	$14.4B	$4.3B – $16.6B	$14.0B (-3%)	after a round	3,200	up	C	0%
1 Feb 2025	$14.4B	$4.1B – $16.6B	$14.0B (-3%)	after a round	3,200	up	C	0%
1 Mar 2025	$14.4B	$4.0B – $16.5B	$14.0B (-3%)	after a round	3,200	up	C	0%
1 Apr 2025	$14.3B	$3.9B – $16.5B	$13.9B (-3%)	after a round	3,200	up	C	0%
1 May 2025	$14.0B	$3.7B – $16.1B	$13.3B (-5%)	after a round	3,200	up	C	0%
1 Jun 2025	$14.0B	$3.6B – $16.1B	$13.2B (-5%)	after a round	3,200	up	C	0%
1 Jul 2025	$13.9B	$3.5B – $16.0B	$13.2B (-5%)	after a round	3,200	up	C	0%
1 Aug 2025	$14.9B	$3.5B – $17.1B	$14.7B (-1%)	after a round	3,673	up	C	0%
1 Sep 2025	$14.9B	$2.8B – $17.1B	$14.7B (-1%)	after a round	3,673	up	C	0%
1 Oct 2025	$14.3B	$2.7B – $16.5B	$13.7B (-4%)	after a round	3,673	up	C	0%
1 Nov 2025	$14.6B	$2.6B – $16.8B	$14.2B (-3%)	after a round	3,794	up	C	0%
1 Dec 2025	$14.6B	$2.5B – $16.7B	$14.1B (-3%)	after a round	3,794	up	C	0%
1 Jan 2026	$15.5B	$6.7B – $17.8B	$15.4B (0%)	after a round	4,293	growing	B	0%
1 Feb 2026	$15.5B	$6.6B – $17.8B	$15.4B (0%)	after a round	4,293	growing	B	0%
1 Mar 2026	$15.6B	$6.5B – $18.0B	$15.6B (0%)	after a round	4,351	growing	B	0%
1 Apr 2026	$15.6B	$6.4B – $18.0B	$15.6B (0%)	after a round	4,351	growing	B	0%
1 May 2026	$15.7B	$6.3B – $18.0B	$15.7B (0%)	after a round	4,423	growing	B	0%
1 Jun 2026	$14.8B	$2.1B – $17.1B	$14.4B (-3%)	after a round	4,438	up	D	0%
1 Jul 2026	$14.8B	$2.1B – $17.0B	$14.3B (-3%)	after a round	4,438	up	D	0%
1 Aug 2026	$14.8B	$2.1B – $17.0B	$14.3B (-3%)	after a round	4,438	up	D	0%
1 Sep 2026	$14.7B	$2.1B – $16.9B	$14.3B (-3%)	after a round	4,438	up	D	0%
1 Oct 2026	$18.0B	$7.1B – $20.7B	$18.0B (0%)	after a round	8,228	growing	B	0%
24 Oct 2026	$18.0B	$7.1B – $20.7B	$18.0B (0%)	after a round	8,228	growing	B	0%

Key facts about Gusto

Founded: 2012
Headquarters: San Francisco, United States
Employees: about 8,230 +117% in a year
Total raised: $601M
Funding rounds: 6
Last round: Series E Aug 2021

Gusto was founded in 2012 by Edward Kim, Josh Reeves and Tomer London.

Gusto funding history

Gusto has 6 funding rounds on record, from Dec 2012 to Aug 2021, $601M in total. The latest disclosed valuation is $9.50B post-money (Series E, Aug 2021).

Series E 10 Aug 2021
Led by T. Rowe Price Associates, Inc.; with Sands Capital, Fidelity Management and Research Company LLC, Durable Capital Partners, Generation Investment Management, Emerson Collective, Glynn Capital, Friends & Family Capital, Cross Creek, 137 Ventures, General Catalyst, Emergence Capital, Dragoneer Investment Group, Franklin Templeton, Acrew Capital.
Sources: gusto.com, finovate.com, techcrunch.com
$175M
$9.50B post-money
Series D 24 Jul 2019
Led by Fidelity Management & Research, Generation Investment Management; with Dragoneer Investment Group, General Catalyst, T. Rowe Price Associates, CapitalG, 137 Ventures, Y Combinator, Emergence Capital.
Sources: pivotinvestment.com, gusto.com, finovate.com
$200M
$3.80B post-money
Series C 31 Jul 2018
Led by T. Rowe Price Associates, MSD Capital, Dragoneer Investment Group, Y Combinator; with General Catalyst, CapitalG, Kleiner Perkins, 137 Ventures, Emergence Capital.
Sources: techcrunch.com, hrsummits.co.uk, gusto.com
$140M
$2.00B post-money
Series B 10 Apr 2015
Led by CapitalG; with Emergence Capital, General Catalyst, GV, Kleiner Perkins, Acrew Capital, American Express Ventures, Andreessen Horowitz, Base Partners, BOND, C2 Investment, Cake Ventures, Company Capital, E1 Ventures, Eclipse, First Round, Founders Fund, FPV Ventures, Graypes GmbH, Highbury Group, Insight Partners, SciFi VC, Sound Ventures, Susa Ventures, UpHonest Capital, Voyager.
$60M
$560M post-money
Series A 19 Feb 2014
Led by General Catalyst, Kleiner Perkins.
Sources: gusto.com
$20M
Seed 11 Dec 2012
Investors not disclosed. Individuals: Aaron Levie, David O. Sacks.
Sources: en.wikipedia.org
$6.1M

Gusto investors

42 investors have backed Gusto; General Catalyst, CapitalG and Dragoneer Investment Group and 7 more led at least one round.

General Catalyst lead, 5 rounds
CapitalG lead, 3 rounds
Dragoneer Investment Group lead, 3 rounds
Kleiner Perkins lead, 3 rounds
Generation Investment Management lead, 2 rounds
T. Rowe Price Associates lead, 2 rounds
Y Combinator lead, 2 rounds
Fidelity Management & Research lead
MSD Capital lead
T. Rowe Price Associates, Inc. lead
137 Ventures 3 rounds
American Express Ventures
Andreessen Horowitz
BOND
C2 Investment
Company Capital
Cross Creek
Durable Capital Partners
Eclipse
Emerson Collective
Fidelity Management and Research Company LLC
Founders Fund
Franklin Templeton
Graypes GmbH
GV
Highbury Group
Insight Partners
Sands Capital
Sound Ventures

What Gusto does

Gusto works in tech companies, with 14 recorded offerings and customers in human resources and payroll services.

Gusto, Inc. is an American technology company engaged in providing online payroll, benefits, and human resource management software for businesses. The company offers a platform that includes payroll processing, employee benefits management, time and attendance tracking, hiring and onboarding, talent management, and reporting. Gusto serves small businesses, mid-size businesses, contractors, and international employees across the United States.

Description from Veridion's company data.

Products and services

Payroll Management Software Development
Employee Benefits Administration Services
Human Resource Management Solutions
Time and Attendance Tracking Software Development
Hiring and Onboarding Process Automation
Talent Management Services
Payroll and Benefits Insights Reporting
Compliance Management Solutions
Multilingual HR Platform Services
Payroll and Benefits Automation Solutions
HR Platform Scalability and Adaptation Services
Payroll and Benefits Research and Development
HR Platform User Experience Enhancement
Payroll and Benefits Platform Customization Services

Markets

Human Resources
Payroll Services

Business model

Business-to-Business
Software-as-a-Service

Industry codes (NAICS)

513210 Software Publishers 50% match
541214 Payroll Services 30% match
541612 Human Resources Consulting Services 20% match

Questions about Gusto

What is Gusto worth?

Valuation $18.0B (range $7.1B to $20.7B), as of 24 Oct 2026. The last disclosed valuation was $9.50B (Series E, Aug 2021).

Has Gusto raised money?

Gusto has 6 funding rounds on record, from Dec 2012 to Aug 2021, $601M in total. The latest disclosed valuation is $9.50B post-money (Series E, Aug 2021).

Who has invested in Gusto?

General Catalyst, CapitalG, Dragoneer Investment Group, Kleiner Perkins, Generation Investment Management and T. Rowe Price Associates, and 36 more. Lead investors include General Catalyst, CapitalG, Dragoneer Investment Group and Kleiner Perkins.

How many people work at Gusto?

About 8,230, up 117% over the last year. Headcount grew from 1,400 in Jan 2021 to 8,228 in Sep 2026.

What does Gusto do?

Gusto works in tech companies, with 14 recorded offerings and customers in human resources and payroll services. Its main offerings are payroll management software development, employee benefits administration services and human resource management solutions.

When was Gusto founded, and where is it based?

Gusto was founded in 2012 and is based in San Francisco, United States. It has about 8,230 employees, up 117% over the last year.

How we value companies Report an issue

Gusto valuation, funding and investors

Gusto valuation today

Key facts about Gusto

Gusto funding history

Series E 10 Aug 2021

Series D 24 Jul 2019

Series C 31 Jul 2018

Series B 10 Apr 2015

Series A 19 Feb 2014

Seed 11 Dec 2012