Zenefits

Zenefits has raised $598 million across major venture rounds, including a $513 million Series C in May 2015 led by Fidelity Investments, TPG, IVP, and others. Earlier funding included a $66.5 million Series B in May 2014 and a $17.1 million Series A in January 2014, backed by Andreessen Horowitz, Venrock, SV Angel, and additional investors. Founded in 2013, Zenefits developed a cloud-native HR, payroll, and benefits administration platform for SMBs. Funding accelerated product development, employer and broker integrations, regulatory compliance tools, and scaling of HR workflows and benefits automation.