Payroll, benefits, and HR software for small and mid-sized businesses
Fintech📍 San Francisco, CAFounded 2011
Current Valuation
$9.3B
as of 2025-Q2
UNICORN
IPO Outlookrumored
Is Gusto going public in 2026?
An IPO is rumored for 2026, with nothing filed. Gusto remains private and the date is not the company's.
What is Gusto's valuation in 2026?
Gusto is valued at $9.3B as of 2025-Q2, set by its Employee tender offer ($200M, Jun 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Gusto filed an S-1?
No public S-1 is on file for Gusto as of 08/23/2026; the IPO is rumored.
Who are Gusto's investors?
Gusto's investors include General Catalyst, Generation Investment Management, T. Rowe Price, Y Combinator, Kleiner Perkins, CapitalG and 4 more.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Gusto (originally ZenPayroll, founded 2011 in Y Combinator) is the full-stack payroll, benefits, and HR platform for US small and mid-sized businesses, serving roughly 400,000+ employers. The company hit a $9.5B private valuation in its August 2021 Series E led by T. Rowe Price and Generation IM and has grown into a roughly $975M-revenue business by 2025, up ~30% YoY. Gusto Embedded — its payroll-as-a-service API — extends the platform's reach into vertical SaaS partners. Widely viewed as one of the most-anticipated 2026 fintech IPO candidates as the SMB-software IPO window reopens.
Company Profile
CEO
Josh Reeves
Founded
2011
HQ
San Francisco, CA
Employees
~3000
Total Raised
$716M
Est. Revenue
$975M (2025)
Growth
Passed $1B in revenue in 2026, the threshold that usually precedes a listing; last marked at $9.3B in a $200M+ employee tender in June 2025, a slight step down from the $9.5B Series E of 2021
Last Round
Employee tender offer — $200M (Jun 2025)
IPO Status
rumored
Fundraising Status
Employee tender offer · $200M · 1y 2mo ago
rumoredTotal raised $716M
Secondary Market
Implied price / share
$18.4
Last round price / share
$30.4
vs last round
-39.5%
Open interest
5
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Employee tender offer
$200M
Jun 2025
—
$9.3B
Talent Signal
Hiring trend
▲ Hiring uptrend
43% of roles posted in last 30d
Open roles
88
via greenhouse
Product-build share
51%
engineering, research, product, design
Trajectory
expanding
product-led hiring — 51% of open roles build product; the rest are go-to-market and G&A.
No tracked executive churn; open roles trending up.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Data Scientist, Risk Design Systems, Product DesignerEnterprise Application AI EngineerHead of AI and Machine Learning EngineeringHead of Design, Unified Service PlatformLegal & Compliance AI Engineer
Counted from Gusto's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Josh ReevesEdward KimTomer London
Investors
General Catalyst · Generation Investment Management · T. Rowe Price · Y Combinator · Kleiner Perkins · CapitalG · Dragoneer · Fidelity · MSD Capital · Franklin Templeton
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q2. Refreshed quarterly.