New York-based Justworks, one of the fastest growing HR tech platforms for entrepreneurs who are serious about taking care of their teams, recently announced a USD$40 million Series D funding round, bringing total funding raised to USD$93 million since its inception back in 2012.
FirstMark Capital led the round, with participation from existing investors, Index Ventures, Thrive Capital, Bain Capital and Redpoint Ventures. FirstMark Capital managing director, Beth Ferreira, will join Justworks' board.
Justworks plans to use the funding toward its ongoing market expansion and product innovation, reinforcing its existing presence as the modern voice redefining the HR, payroll, and benefits industry. Justworks re-imagined HR software, transforming an antiquated system into an approachable platform for employers and employees. The company will continue its roadmap of product innovation and strategic partnerships to offer access to even more enterprise-class benefits at affordable prices, while providing unmatched 24/7 customer support.
Founded in 2012 by Isaac Oates, Justworks changes the way businesses run, pioneering the most intuitive, responsive, and affordable all-in-one HR, payments, and benefits platform. The groundbreaking Professional Employer Organization (PEO) is built for the modern workforce, with a simple UX and a curated suite of rich benefits that help entrepreneurs attract and retain top talent.
"As a former operator, I admire the system Justworks has built to eliminate the pain points and connect a fragmented HR industry," said Beth Ferreira, managing director, FirstMark Capital. "And I'm not the only one. Justworks has built a substantial business beloved by its customers, and they have only just scratched the surface of the products and services that they can offer. FirstMark Capital recognizes that mastering internal operations is a critical element to any company's success and Justworks has only just begun to revolutionize the industry. We are excited to welcome Justworks to our portfolio."
Edited by G. Davila
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