Zenefits - About the company
Zenefits is an acquired company based in Tempe (United States), founded in 2013. It operates as a Cloud-based platform for HR and payroll management solutions. Zenefits has raised $598M in funding from investors like Andreessen Horowitz, Fidelity Investments and Venrock, with last known valuation of $2B. The company has 1473 active competitors, including 169 funded and 143 that have exited. Its top competitors include companies like Workday, Gusto and PeopleStrong.
Sectors and market segments that Zenefits operate in
Zenefits serves in the FinTech, InsurTech, HealthTech market segments.The primary business model of Zenefits are:Company Details
Cloud-based platform for HR and payroll management solutions. It offers tools for managing payroll, time and schedule, and employee benefits. The platform provides features such as employee scheduling, onboarding, benefits management, employee experience management, hiring and retaining solutions, and more.
- Website
- zenefits.com
- Social
- Email ID
- *****@zenefits.com
- Phone Number
- +1 **********
- Registered Address
- San Francisco,California
Key Metrics
Founded Year
2013
Location
Tempe, United States
Stage
Acquired
Total Funding
$598M in 4 rounds
Latest Funding Round
Last Known Valuation
$2B as on Jul 03, 2016
Investors
Ranked
23rd among 1473 active competitors
Employee Count
226 as on May 31, 2026
Investment & Acquisitions
Exit Details
Acquired by TriNet (Dec 23, 2021)
Legal entities associated with Zenefits
Zenefits is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
YOURPEOPLE INC. DBA ZENEFITS FTW INSURANCE SERVICES CIN: 460645293 , United States, Active | Dec 31, 1999 | - | 242 (As on Dec 31, 2021) | - |
Zenefits's acquisition details
Zenefits got acquired by TriNet on Dec 23, 2021.
Click here to take a look at Zenefits's acquisition in detail
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Zenefits's funding and investors
Zenefits has raised a total funding of $598M over 4 rounds. Its first funding round was on Jul 26, 2013. Its latest funding round was a Series C round on May 06, 2015 for $513M. 9 investors participated in its latest round. Zenefits has 40 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Zenefits:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 06, 2015 | $513M | Series C | $4.5B | - | ||
May 28, 2014 | $66.5M | Series B | $500M | - | ||
Jan 10, 2014 | $17.1M | Series A | - | - |
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Zenefits' founders and board of directors
Founder? Claim ProfileZenefits' employee count trend
Zenefits has 226 employees as of May 26. Here is Zenefits's employee count trend over the years:
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Zenefits's Competitors and alternates
Top competitors of Zenefits include Workday, Gusto and PeopleStrong. Here is the list of Top 10 competitors of Zenefits, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Workday 2005, Pleasanton (United States), Public | Developer of cloud software for human resources finance and operations | $352M | 88/100 | |
2nd | Gusto 2012, San Francisco (United States), Series E | Cloud-based payroll, benefits, and HR software for small and medium-sized businesses | $718M | 84/100 | |
3rd |  PeopleStrong 2005, Gurugram (India), Acquired | Provider of human capital management platform offering integrated HR solutions | $30.7M | 82/100 | |
4th |  Kronos 1977, Lowell (United States), Acquired | Provider of HCM software solutions for enterprises | $855M | 80/100 | |
5th |  Deel 2019, San Francisco (United States), Series E | Provider of software for payroll compliance and human resource management | $986M | 79/100 | |
6th | Provider of cloud based human resource management system and payroll software. | $47.4M | 78/100 | ||
7th | Provider of business management software for human resources and finance | $369M | 78/100 | ||
8th | Remote 2019, Amsterdam (Netherlands), Series C | Provider of employment infrastructure for payroll compliance and contractor management | $506M | 77/100 | |
9th |  Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 77/100 | |
10th |  Darwinbox 2015, San Francisco (United States), Series D | Developer of human capital management software with AI capabilities | $149M | 75/100 | |
23rd |  Zenefits 2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 70/100 |
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Zenefits's Investments and acquisitions
Zenefits has a total of 1 investment in Rippling. Zenefits has not made any acquisitions as of now.Reports related to Zenefits
Here is the latest report on Zenefits's sector:
News related to Zenefits
Filter this listMedia has covered Zenefits for 1 event in last 1 year.
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Deel's Cofounders Get Richer; Still Poorer Than Rival Rippling's ConradForbes•Oct 20, 2025•Deel, Rippling, Zenefits
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Clearwater Analytics appoints new CTOInstitutional Asset Manager•Aug 06, 2021•Clearwater Analytics, Zenefits
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