Justworks Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 1,622

Employees

  • 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

Formerly Known As
Clockwork
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • P.O. Box 7119
  • Church Street Station
  • New York, NY 10008-7119
  • United States
+1 (888)
Primary Industry
Business/Productivity Software
Other Industries
Human Capital Services
Vertical(s)
HR Tech, SaaS, FinTech
Corporate Office
  • P.O. Box 7119
  • Church Street Station
  • New York, NY 10008-7119
  • United States
+1 (888)

Justworks Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

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
To view Justworks’s complete valuation and funding history, request access »

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%
To view Justworks’s complete cap table history, request access »

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.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Justworks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a human resource management platform designed to manage employees, payroll, benefits, and compliance proced
Business/Productivity Software
New York, NY
1,622 As of 2024

Bellaire, TX
 

Weston, FL
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

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
You’re viewing 5 of 68 competitors. Get the full list »

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

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

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
You’re viewing 5 of 16 investors. Get the full list »

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
To view Justworks’s complete acquisitions history, request access »

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 »