COMPANY PROFILE

Zenefits

Zenefits helps more than 11,000 small and mid-sized companies empower their modern workforce, manage change and stay compliant

San Francisco, United StatesFounded 2013Other B2B Software

Valuation $100–250M Last recorded · 2021

Headcount 100–500 Current team size

Total funding $500M–1B Disclosed equity funding

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About Zenefits

Zenefits is a company dedicated to providing human resources (HR) and payroll software solutions specifically designed for small and mid-sized businesses. These businesses, which form the backbone of the American economy, often face unique challenges due to their limited resources and the disproportionate focus of technology providers on larger enterprises. Zenefits aims to level the playing field by offering innovative, easy-to-use, and mobile-friendly HR and payroll services tailored to the needs of these smaller companies.

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Zenefits serves a diverse range of clients, including over 11,000 businesses and nonprofits, empowering around 400,000 employees through its platform. The company operates in the HR technology market, which includes services such as hiring, onboarding, employee management, payroll processing, benefits administration, and time scheduling. Zenefits integrates with 50 technology partners, ensuring a seamless experience for its users.

The business model of Zenefits revolves around providing a comprehensive, all-in-one HR platform that simplifies various administrative tasks for small and mid-sized businesses. The company makes money by offering subscription-based services, where clients pay for access to the platform and its various features. Additionally, Zenefits collaborates with broker partners for benefits, adding another revenue stream through these partnerships.

Zenefits' platform is designed to be intuitive and user-friendly, allowing business owners and employees to manage HR tasks efficiently, whether they are in the office or on the go. The company has also adapted its system to assist businesses in navigating challenges posed by events like the COVID-19 pandemic, demonstrating its commitment to supporting its clients through changing circumstances.

Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2013
Headquarters: San Francisco, United States
Employees: 227
Open positions: None listed
Dealroom signal: 67.3/100
Industry: Jobs Recruitment, Enterprise Software
Sector: Other B2B Software, Gamification, Human Resources, Data Analytics, Payroll, Brokerage, From Unicorn to Zebra (But No $1B Exit), Insurtech Related, YC W13
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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News, research, reports and resources connected to this company by Dealroom

Funding history

7 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITIONOther financing	Dec 2021	$200M	$200M	Trinet	↗
SERIES COther financing	May 2015	$500M	$4.5B	Andreessen Horowitz · Khosla Ventures · Justin Mateen · Comcast Ventures	—

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Growth signals

Zenefits website traffic

Latest recorded traffic for Zenefits is 200K monthly website visits, down 4.8% over the last three months. Zenefits's team declined 5% over the past year.

Latest monthly visits200K 3-month web change-4.8% 1-year team growth-5%

Monthly website visitsOct 2014–Jul 2026

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Closest operating peers by Dealroom taxonomy

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NANamelyHR software company Namely looks to provide payroll, benefits and other tools in one software package for medium-sized businesses	New York City, United States	Acquired	151	$218M	$240M
COCoverflexAll-in-one platform for flexible employee compensation management.	Braga, Portugal	Operational
RPRise PeopleCanada's only all-in-one HR Software HR + Benefits + Payroll	Burnaby, Canada	Operational
IMImmedisDelivering secure, compliant, accurate, and touchless global payroll	Dublin, Ireland	Acquired
ACActiViewA next-generation assessment and recruiting decision-support platform	Lod, Israel	Operational
EHEmployment HeroProviding growing companies with an intuitive, affordable way to manage essential employee information and HR processes	Sydney, Australia	Operational
JUJustworksA platform that automates payroll, benefits, and compliance so entrepreneurs can focus on what matters: growing their business and their team	New York City, United States	Operational
SGSafeGuard GlobalProvides global payroll and workforce outsourcing solutions	Austin, United States	Operational