Justworks Overview
- Year Founded
-
2012

- Status
-
Private
- Employees
-
1,622

- Latest Deal Type
-
Later Stage VC
- Latest Deal Amount
-
$16.8M
- Investors
-
16
Justworks General Information
Description
Developer of a human resource management platform designed to manage employees, payroll, benefits, and compliance procedures. The company's cloud-based software platform gives small and medium-sized businesses access to benefits, payroll, human resources, and compliance support all in one place, and drives economies of scale through co-employment, enabling businesses to get attractive cost savings for customers and providing a richer suite of benefits for employees.
Contact Information
Website
www.justworks.comCorporate Office
- P.O. Box 7119
- Church Street Station
- New York, NY 10008-7119
- United States
Corporate Office
- P.O. Box 7119
- Church Street Station
- New York, NY 10008-7119
- United States
Justworks Timeline
Justworks Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
12. Later Stage VC | 01-Nov-2023 | $16.8M | Completed | Profitable | ||
11. Secondary Transaction - Private | Completed | Profitable | ||||
10. IPO | 13-Jul-2022 | Cancelled | Profitable | |||
9. Debt Refinancing | 04-Jun-2021 | Completed | Generating Revenue | |||
8. Debt - General | Completed | Generating Revenue | ||||
7. Later Stage VC (Series E) | 28-Jan-2020 | Completed | Generating Revenue | |||
6. Later Stage VC (Series D) | 06-Mar-2018 | Completed | Generating Revenue | |||
5. Later Stage VC (Series C) | 03-Mar-2016 | Completed | Generating Revenue | |||
4. Accelerator/Incubator | $23.5M | Completed | Generating Revenue | |||
3. Early Stage VC (Series B) | 18-May-2015 | $13M | $23.5M | Completed | Generating Revenue |
Justworks 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-1 | ||||||||
Series C | ||||||||
Series B-1 | ||||||||
Series B | ||||||||
Series A-1 | 12,157,378 | $0.000500 | $0.87 | $0.87 | 1x | $0.87 | 11.81% | |
Series A | 10,926,405 | $0.000500 | $0.87 | $0.87 | 1x | $0.87 | 10.61% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Justworks Comparisons
Industry
Financing
Details
Justworks Competitors (68)
One of Justworks’s 68 competitors is Empyrean Benefit Solutions, a Formerly VC-backed company based in Bellaire, TX.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Empyrean Benefit Solutions | Formerly VC-backed | Bellaire, TX | ||||
UKG | Private Equity-Backed | Weston, FL | ||||
Namely | Private Equity-Backed | New York, NY | ||||
Maxwell Health | Formerly VC-backed | Boston, MA | ||||
HiBob | Private Equity-Backed | New York, NY |
Justworks Patents
Justworks Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
JP-2019023176-A | Agents and food compositions for promoting transcription factor activities | Pending | 25-Jul-2017 | ||
US-3464199-A | Handless pendulum driven clock | Inactive | 27-Apr-1967 |
Justworks Signals
Justworks Investors (16)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Latitude Ventures (London) | Venture Capital | Minority | ||
Meritech Capital Partners | Venture Capital | Minority | ||
TriplePoint Capital | Venture Capital | Minority | ||
Union Square Ventures | Venture Capital | Minority | ||
FirstMark Capital | Venture Capital | Minority |
Justworks Acquisitions (2)
Justworks’s most recent deal was a Merger/Acquisition with VIA Global Ventures. The deal was made on 27-Sep-2023.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
VIA Global Ventures | 27-Sep-2023 | Merger/Acquisition | Human Capital Services | ||
Boomr | 06-Oct-2020 | Merger/Acquisition | Business/Productivity Software |
Affiliates
Subsidiaries (1)
Name | Industry | Location | Year Founded |
---|---|---|---|
VIA Global Ventures | Palo Alto, CA | 2017 |
Justworks FAQs
-
When was Justworks founded?
Justworks was founded in 2012.
-
Where is Justworks headquartered?
Justworks is headquartered in New York, NY.
-
What is the size of Justworks?
Justworks has 1,622 total employees.
-
What industry is Justworks in?
Justworks’s primary industry is Business/Productivity Software.
-
Is Justworks a private or public company?
Justworks is a Private company.
-
What is Justworks’s current revenue?
The current revenue for Justworks is
. -
How much funding has Justworks raised over time?
Justworks has raised $163M.
-
Who are Justworks’s investors?
Latitude Ventures (London), Meritech Capital Partners, TriplePoint Capital, Union Square Ventures, and FirstMark Capital are 5 of 16 investors who have invested in Justworks.
-
Who are Justworks’s competitors?
Empyrean Benefit Solutions, UKG, Namely, Maxwell Health, and HiBob are some of the 68 competitors of Justworks.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »