When was Paylocity founded?

Paylocity was founded in 1997 and raised its 1st funding round 11 years after it was founded.

Where is Paylocity located?

Paylocity is headquartered in Arlington Heights, United States. It is registered at Schaumburg, Illinois.

How many employees does Paylocity have?

As of Mar 31, 2026, the latest employee count at Paylocity is 6793.

Is Paylocity a funded company?

Paylocity is a funded company, having raised a total of $37.3M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 16, 2008.

When was the latest funding round of Paylocity?

Paylocity's latest funding was a $***** Series B round on Jun 30, 2012, with participation from 1 investor.

What is the annual revenue of Paylocity?

Annual revenue of Paylocity is $1.6B as on Jun 30, 2025.

Where does Paylocity rank among its competitors?

Paylocity ranks 16th amongst 4176 active competitors, of which 185 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Darwinbox, which secured $5.24M in Sep, 2025.

Who are the top competitors of Paylocity?

Paylocity's top competitors include Workday, People Strong and Factorial. Among them, Darwinbox secured the most recent funding round in September, 2025.

Paylocity - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of human resources, payroll, finance, and information technology solutions. The company offers tools for streamlining and automating HR processes, including talent acquisition, onboarding, performance management, and compensation. It provides payroll services, tax services, and on-demand payment options. The company also delivers finance products for expense management, corporate cards, and accounting automation. Additionally, it offers IT solutions for asset management and access management.

Website: paylocity.com
Social
Registered Address: Schaumburg, Illinois

Key Metrics

Founded Year

1997

Location

Arlington Heights, United States

Stage

Public

Total Funding

$37.3M in 2 rounds

Latest Funding Round

Series B, Jun 30, 2012, $*****

Investors

Adams Street Partners

Ranked

16^th among 4176 active competitors

Annual Revenue

$1.6B as on Jun 30, 2025

Employee Count

6,793 as on Mar 31, 2026

Investment & Acquisitions

Grayscale & 6 more

Similar Companies

Workday & 4910 more

Exit Details

Public

View Paylocity's full profile

Paylocity is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROCITY business s.r.o. CIN: 07646577 , Czech Republic, Active	Nov 15, 2018	-	-
PAYLOCITY HOLDING CORP CIN: 1591698 , United States, Deadpooled	Nov 05, 2013	$1.6B (As on Jun 30, 2025)	-	-
HR OnLine, s.r.o. CIN: 07764421 , Czech Republic, Active	Jan 04, 2019	-	-
PAYLOCITY CORPORATION CIN: 364227403 , United States, Active	Dec 26, 999	-	6287 (As on Dec 31, 2024)	-
PAYLOCITY HOLDING CORPORATION CIN: 5411644 , United States, Active	Dec 31, 1996	-	4150 (As on Jun 30, 2021)	-
Payroll Services s.r.o. CIN: 19684215 , Czech Republic, Active	Sep 04, 2023	-	-

Paylocity got listed on Mar 19, 2014.

Click here to take a look at Paylocity's IPO in detail

Paylocity has raised a total funding of $37.3M over 2 rounds. Its first funding round was on May 16, 2008. Its latest funding round was a Series B round on Jun 30, 2012 for $*****. 1 investor participated in its latest round. Paylocity has 1 institutional investor.

Here is the list of recent funding rounds of Paylocity:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2012	6490655	Series B	6074157	7196014	1961695	4983202
May 16, 2008	4957705	Series A	3170736	5360818	3278147	Adams Street Partners

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View details of Paylocity's funding rounds and investors

The founders of Paylocity is Steve Sarowitz.

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

Steve Sarowitz: Founder and Chairman of Paylocity and founder of 1 other company. They are also an angel investor in 3 startups.
Contact Info: 1 email address

View details of Paylocity's Founder profiles and Board Members

Paylocity's employee count trend

Paylocity has 6,793 employees as of Mar 26. Here is Paylocity's employee count trend over the years:

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Top competitors of Paylocity include Workday, People Strong and Factorial. Here is the list of Top 10 competitors of Paylocity, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Workday 2005, Pleasanton (United States), Public	Cloud-based financial management, EPM, and HR software provider for enterprises	$352M	Greylock, Bezos Expeditions & 10 others	88/100
2nd	People Strong 2005, Gurugram (India), Acquired	Provider of human capital management platform offering integrated HR solutions	$30.7M	West Street AEP I Offshore Aggregator, HDFC Bank ... & 41 others	84/100
3rd	Factorial 2016, Barcelona (Spain), Series C	Provider of business management software for human resources and finance	$300M	Tiger Global Management, Atomico & 9 others	80/100
4th	Kronos 1977, Lowell (United States), Acquired	Provider of HCM software solutions for enterprises	$855M	GIC, Blackstone & 3 others	80/100
5th	Bob 2015, Tel Aviv (Israel), Series D	Provider of a platform for human resources, payroll, and finance	$574M	General Atlantic, Bessemer Venture Partners ... & 18 others	79/100
6th	GreytHR 1994, Bengaluru (India), Acquired	Provider of cloud based human resource management system and payroll software.	$47.4M	New Enterprise Associates, Info Edge & 14 others	78/100
7th	Dayforce 2008, Toronto (Canada), Acquired	Developer of human capital management software providing HR and talent solutions	$30M	Bridgescale, Ceridian & 1 others	77/100
8th	Zoho 1996, Chennai (India), Unfunded	Provider of cloud-based business software suite for diverse operational requirements	-	-	76/100
9th	SuccessFactors 2001, San Francisco (United States), Acquired	AI-powered human capital management solutions for workforce success and organizational agility	$79.8M	GGV Capital, IVP & 9 others	75/100
10th	Darwinbox 2015, Hyderabad (India), Series D	Developer of human capital management software with AI capabilities	$144M	Peak XV Partners, TCV & 49 others	75/100
16th	Paylocity 1997, Arlington Heights (United States), Public	Provider of human resources, payroll, finance, and information technology solutions	$37.3M	Adams Street Partners	69/100

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Paylocity has not made any investments yet. Paylocity has made 7 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 07, 2026	Acquisition	Grayscale	2017	Atlanta (United States)
Sep 04, 2024	Acquisition	Airbase	2017	San Francisco (United States)
Dec 01, 2023	Acquisition	Trace	2006	San Francisco (United States)