When was Nextep founded?

Nextep was founded in 1997 and raised its 1st funding round 21 years after it was founded.

Where is Nextep located?

Nextep is headquartered in Norman, United States. It is registered at Norman, Oklahoma.

How many employees does Nextep have?

As of Aug 31, 2026, the latest employee count at Nextep is 409.

Is Nextep a funded company?

Nextep is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on 2018.

When was the latest funding round of Nextep?

Nextep's latest funding was a $***** Unattributed round on 2018, with participation from 1 investor.

Where does Nextep rank among its competitors?

Nextep ranks 68th amongst 34445 active competitors, of which 251 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was CIEL HR, which secured $3.34M in Jan, 2026.

Who are the top competitors of Nextep?

Nextep's top competitors include CIEL HR, TriNet and Insperity. Among them, CIEL HR secured the most recent funding round in January, 2026.

Nextep - 2026 Company Profile, Team, Funding & Competitors

Nextep is an acquired company based in Norman (United States), founded in 1997 by Brian Fayak. It operates as a Provider of HR services. Nextep has raised $133K in funding. The company has 34445 active competitors, including 251 funded and 1789 that have exited. Its top competitors include companies like CIEL HR, TriNet and Insperity.

Company Details

Website: www.nextep.com
Social
Phone Number: +1 **********
Registered Address: Norman, Oklahoma

Key Metrics

Founded Year

1997

Location

Norman, United States

Stage

Acquired

Total Funding

$133K in 1 round

Latest Funding Round

Unattributed, 2018, $*****

Investors

Venture Kick

Ranked

68^th among 34445 active competitors

Employee Count

409 as on Aug 31, 2026

Similar Companies

CIEL HR & 39289 more

Exit Details

Acquired by AAPT (Nov 15, 2012)

View Nextep's full profile

Nextep is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEXTEP, INC. CIN: 731543198 , United States, Active	Dec 26, 999	-	16913 (As on Dec 31, 2024)	-

Nextep got acquired by AAPT on Nov 15, 2012.

Click here to take a look at Nextep's acquisition in detail

Nextep has raised a total funding of $133K over 1 round. Its latest funding round was a Unattributed round on 2018 for $*****. 1 investor participated in its latest round. Nextep has 1 institutional investor.

Here is the list of recent funding rounds of Nextep:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2018	2351	Unattributed	4411	8597	3512	7508

Access funding benchmarks and valuations. Sign up today!

View details of Nextep's funding rounds and investors

The founders of Nextep is Brian Fayak.

Here are the details of Nextep's key team members:

Brian Fayak: Founder, CEO & President of Nextep.
Contact Info: 1 email address

View details of Nextep's Founder profiles and Board Members

Nextep's employee count trend

Nextep has 409 employees as of Aug 26. Here is Nextep's employee count trend over the years:

Uncover Nextep's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Nextep include CIEL HR, TriNet and Insperity. Here is the list of Top 10 competitors of Nextep, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CIEL HR 2015, Bengaluru (India), Series A	Company offering a complete suite of tech-driven HR solutions, covering the entire employee lifecycle	$15.9M	Pegasus, Khivraj Motors & 151 others	77/100
2nd	TriNet 1988, Dublin (United States), Public	Provider of HR solutions, payroll processing, and benefits administration services	$60M	Initiative Equity Partners, Atairos & 9 others	74/100
3rd	Insperity 1986, Kingwood (United States), Public	HR outsourcing service provider	-	Symmetric Capital, OnRamp Insurance Conference ... & 1 others	69/100
4th	Gi Group 1998, Milan (Italy), Series A	Provider of end to end HR services	-	Europa, Ventrus Biosciences	67/100
5th	HR Path 2001, Nanterre (France), Series F	Provider of HR, payroll outsourcing & consulting services	$1.06B	Andera Partners, Societe Generale Capital Partenaire ... & 10 others	67/100
6th	iSolved 1986, Charlotte (United States), Acquired	Provider of human capital management software and related services	-	-	67/100
7th	Sequoia 2001, San Mateo (United States), Unfunded	Human resource management services provider	-	-	66/100
8th	Korn Ferry 1969, Los Angeles (United States), Public	Provider of talent acquisition and consulting services	-	H.I.G. Private Equity, FFL Partners & 2 others	64/100
9th	FirstMeridian 2005, Bengaluru (India), Series B	Provider of human resources staffing and facility management services	$32.5M	Seedthree Trading, New Lane Trading & 106 others	63/100
10th	Mynavi 1973, Chiyoda City (Japan), Unfunded	Provider of HR consulting services	-	-	62/100
68th	Nextep 1997, Norman (United States), Acquired	Provider of HR services	$133K	Venture Kick	47/100