Justworks
PEO and HR platform for small and medium-sized businesses
Software
📍 New York, NY
Founded 2012
Current Valuation
$2.0B
as of 2021-Q4
UNICORN
Justworks is a professional employer organization (PEO) that provides bundled payroll, benefits, HR, and compliance services to small and medium-sized businesses. The company filed to go public in 2021 at a roughly $2 billion valuation but withdrew its S-1 in early 2022 as the IPO window closed, and remains private. Revenue was approximately $350M in 2024 with the company continuing to expand into standalone payroll and international EOR following layoffs of approximately 200 employees announced by CEO Mike Seckler.
Company Profile
Growth
Mid-double-digit YoY growth
Last Round
Series E — $50M (Jan 2021) · Lead: Spark Capital
Founders & Key People
Isaac Oates
Investors
Spark Capital · Bain Capital Ventures · Index Ventures · Thrive Capital · Redpoint Ventures
Products
- PEO (payroll, benefits, compliance)
- Justworks Payroll (standalone)
- Time tracking
- International EOR
- HR consulting
Competitors
Gusto · Rippling · TriNet · ADP TotalSource · Deel
HR TechPEOSMBUnicorn
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q4. Refreshed quarterly.