Well Run profileThe Chase Pack · #314 of 720

Position 314

Gusto

Payroll, benefits, HR, 401(k) and compliance platform for small businesses and their accountants

Pace
4:40/kmTempo3.5
Distance
Distance Marathon.
Open ops roles
4
Last week
#261
Move
▼ 53
Peak
#261
Weeks in the 100
0
The Chart →
Rank and score over time
Board rank
#251#282#312#261Oct 18#302Oct 25
Pace score
02463.5Oct 183.5Oct 25

One point per Sunday re-rank, tracking since Oct 18. The lines fill in week by week.

Gusto runs in the Tempo lane (4:40/km): 114 of 166. Further right = more momentum. No competitors on the board yet, so it runs alone.
Total raised
~$746M primary (per Sacra)see rounds ↓
Founded
2011
HQ
San Francisco, CA

Leadership

The problem

Small business owners lose hours and risk penalties running payroll, taxes, benefits and state compliance themselves

What they do

Payroll, benefits, HR, 401(k) and compliance platform for small businesses and their accountants

Traction $1B+ trailing revenue (Feb 2026), ~30% growth, 500K+ customers, cash-flow positive, ARR accelerating 5 quarters

Hiring trend

Open roles
101
Ops roles
4
Headcount
~4,000

Headcount +3% YoY (~3,960, Mar 2026, Revelio); job postings +24% vs 2025; 99 open roles

Hiring in

  • Denver
  • San Francisco
  • New York
  • Remote

Funding

Last round
$175M Series E (later liquidity: $200M+ tender Jun 2025; debt)
Stage
Late-stage private (Series E)
Date
Aug 2021

Led by T. Rowe Price (Series E); Ontario Teachers' (Jun 2025 tender, not primary)

Distance

Marathon · edge: hard to leave

$1B+ revenue, 500K+ small business customers, ~30% growth and cash-flow positive.

Sources: Gusto: $1B trailing revenue (PR Newswire, May 2026) ↗ · Gusto Pro and accountant partner program (PR Newswire, Oct 2026) ↗

Watch-outs

Soft, not scored: Glassdoor 3.0 and down ~6% in 12 mo; recent reviews cite team-level layoffs (Aug 2025) and leadership churn; no confirmed company-wide RIF since Feb 2023 (126 roles)

Sources: Glassdoor reviews mentioning layoffs ↗ · Glassdoor review, Aug 2025: recent layoffs in Salesforce support teams ↗ · Glassdoor review page, Sep 2026: rating down 6% over 12 months ↗ · Layoffs.fyi: last tracked Gusto layoff (126 roles, 2023) ↗

Last checked Oct 25, 2026

Funding historyTotal raised ~$746M primary (per Sacra)

  1. Jun 2025Employee tender offer (secondary)$200M+at $9.3BLed by Teachers' Venture Growth (OTPP) fortune.com ↗
  2. May 2022Series E extension~$55Mat ~$10BLed by T. Rowe Price finovate.com ↗
  3. Aug 2021Series E$175Mat ~$9.5B (Forbes)Led by T. Rowe Price gusto.com ↗
  4. Jul 2019Series Dsacra.com ↗
  5. Jul 2018Series Csacra.com ↗
  6. Apr 2015Series B (as ZenPayroll)sacra.com ↗
  7. Feb 2014Series A (as ZenPayroll)$20MLed by General Catalyst, Kleiner Perkins gusto.com ↗
  8. Apr 2012Seed (as ZenPayroll)sacra.com ↗

Profile facts checked Oct 19, 2026. Every fact links to its public source.

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