Fidelity has led a $200m series D round for Gusto that valued the Alphabet-backed human resources software provider at $3.8bn.
Gusto, a US-based human resources technology provider backed by internet and technology conglomerate Alphabet, raised $200m yesterday in a series D round led by financial services and investment group Fidelity Management and Research.
Generation Investment Management, Dragoneer Investment Group, General Catalyst and funds advised by T. Rowe Price Associates also took part in the round, which valued Gusto at $3.8bn according to Forbes.
Formerly known as ZenPayroll, Gusto has built a cloud-based platform that helps small businesses manage payroll and…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
