ZenPayroll announced a new $60 million round of funding in the company led by Google Capital and including participation from Emergence Capital Partners, Ribbit Capital and others, along with existing investors that include General Catalyst, Kleiner Perkins Caufield & Byers and Google Ventures.
This round brings ZenPayroll’s total funding to date to $86.1 million. Launched in 2012 to support companies in California, the online payroll software provider now processes billions of dollars in annual payroll for more than 10,000 small businesses in 47 states and the District of Columbia. The company, which has grown ten times since their Series A, will support businesses nationwide by the end of April.
"ZenPayroll has changed payroll from an impersonal transaction into a meaningful connection between employers and employees, and we're delighted to join in their mission to free people to do their best work,” stated Laela Sturdy, partner at Google Capital. "They're growing at an incredible rate and we're excited to see how they'll continue to help small businesses around the country."
The company currently employs about 84 people in its San Francisco headquarters and is actively hiring.
“We are proud to welcome Google Capital to the ZenPayroll community,” stated Joshua Reeves, ZenPayroll CEO and co-founder. “Not only does Google exemplify the power of technology to improve people’s lives, they also share our core belief that people are the most important part of every business. We are building a future where everyone can reach their fullest potential at work. That mission is part of everything we do, from designing the product to serving our customers to growing our team. We are excited to benefit from the talent, passion and strategic expertise of Google’s technology and product leaders.”
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