PayCycle Overview

  • Year Founded
  • 1999

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $169M

PayCycle General Information

Description

Provider of web based on-demand payroll tax compliance services. The company provides on-demand payroll to small businesses, accountants professionals and financial institutions that offers customized service to manage their clients' accounts.

Contact Information

Website
www.paycycle.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 210 Portage Avenue
  • Palo Alto, CA 94306
  • United States
Primary Industry
Accounting, Audit and Tax Services (B2B)
Other Industries
Other Financial Services
Acquirer
Intuit
Corporate Office
  • 210 Portage Avenue
  • Palo Alto, CA 94306
  • United States

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PayCycle Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 23-Jul-2009 $169M Completed Generating Revenue
5. Later Stage VC (Series E) 06-Dec-2006 Completed Generating Revenue
4. Later Stage VC (Series D) 26-Apr-2005 Completed Generating Revenue
3. Later Stage VC (Series C) 30-Oct-2002 Completed Generating Revenue
2. Early Stage VC (Series B) 19-Dec-2000 $8.14M $9.4M Completed Generating Revenue
1. Early Stage VC (Series A) 20-Mar-2000 $1.3M $1.3M Completed Product Development
To view PayCycle’s complete valuation and funding history, request access »

PayCycle Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E
Series D
Series C
Series B 9,250,000 $0.000010 $0.07 $0.88 $0.88 1x $0.88 12.85%
Series A 2,425,675 $0.000010 $0.04 $0.54 $0.54 1x $0.54 3.37%
To view PayCycle’s complete cap table history, request access »

PayCycle Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of web based on-demand payroll tax compliance services. The company provides on-demand payroll to small busines
Accounting, Audit and Tax Services (B2B)
Palo Alto, CA

Rochester, NY
 

Roseland, NJ
 
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PayCycle Competitors (2)

One of PayCycle’s 2 competitors is Paychex, a Corporation company based in Rochester, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Paychex Corporation Rochester, NY
Automatic Data Processing Corporation Roseland, NJ
You’re viewing 2 of 2 competitors. Get the full list »

PayCycle Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Argus Capital PE/Buyout Minority
August Capital Growth/Expansion Minority
CCP Equity Partners Growth/Expansion Minority
CE-Ventures Corporate Venture Capital Minority
DCM Ventures Venture Capital Minority
You’re viewing 5 of 8 investors. Get the full list »

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PayCycle FAQs

  • When was PayCycle founded?

    PayCycle was founded in 1999.

  • Where is PayCycle headquartered?

    PayCycle is headquartered in Palo Alto, CA.

  • What industry is PayCycle in?

    PayCycle’s primary industry is Accounting, Audit and Tax Services (B2B).

  • Is PayCycle a private or public company?

    PayCycle is a Private company.

  • What is the current valuation of PayCycle?

    The current valuation of PayCycle is .

  • What is PayCycle’s current revenue?

    The current revenue for PayCycle is .

  • How much funding has PayCycle raised over time?

    PayCycle has raised $45.4M.

  • Who are PayCycle’s investors?

    Argus Capital, August Capital, CCP Equity Partners, CE-Ventures, and DCM Ventures are 5 of 8 investors who have invested in PayCycle.

  • Who are PayCycle’s competitors?

    Paychex and Automatic Data Processing are competitors of PayCycle.

  • When was PayCycle acquired?

    PayCycle was acquired on 23-Jul-2009.

  • Who acquired PayCycle?

    PayCycle was acquired by Intuit.

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