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Justworks

PEO and HR platform for small and medium-sized businesses
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.
Software 📍 New York, NY Founded 2012
Current Valuation
$2.0B
as of 2021-Q4
UNICORN

QL Price

$2.0B
0% vs last round
QuantLogix's current estimate for Justworks, published 2026-10-07 — in line with the last disclosed round of $2.0B (2021-Q4).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round $2.0B 2021-Q4 weight 0.04
How this price has held up
No round has priced for Justworks since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to Justworks →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Justworks, 2026-10-07 (57737a0a6ed915a1). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

IPO Outlookrumored

Is Justworks going public?
An IPO is rumored, with nothing filed. Justworks remains private and the date is not the company's.
What is Justworks' valuation in 2026?
Justworks is valued at $2.0B as of 2021-Q4, set by its Series E ($50M, Jan 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Justworks filed an S-1?
No public S-1 is on file for Justworks as of 10/07/2026; the IPO is rumored.
Who are Justworks' investors?
Justworks' investors include Spark Capital, Bain Capital Ventures, Index Ventures, Thrive Capital, Redpoint Ventures.
How much has Justworks raised?
Justworks has raised $143M in total, most recently a Series E of $50M in Jan 2021.
Is Justworks publicly traded — can you buy Justworks stock?
No. Justworks is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Justworks on its Pre-IPO Access Desk.
How to actually get exposure to Justworks →
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.

Company Profile

CEO
Mike Seckler
Founded
2012
HQ
New York, NY
Employees
~1500
Total Raised
$143M
Est. Revenue
$350M (2024)
Growth
Mid-double-digit YoY growth
Last Round
Series E — $50M (Jan 2021) · Lead: Spark Capital
IPO Status
rumored

Fundraising Status

Series E · $50M · 5y 9mo ago
rumoredTotal raised $143M

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series E$50MJan 2021Spark Capital—

Talent Signal

Hiring trend
▶ Hiring steady
-2% vs 2026-08
Open roles
96
via greenhouse
Product-build share
40%
engineering, research, product, design
Trajectory
steady
balanced build + GTM — 40% builders vs 60% go-to-market/G&A — scaling both sides.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month98Aug '2696Sep '26
Open roles by function
Open roles by functionOther25Engineering14Sales & GTM11Product11Finance & Strategy7Research6Marketing4Ops & People4Legal & Policy4
■ product-building   ■ go-to-market / G&A
Associate Software Engineer, ExpensesEngineering Effectiveness ManagerEngineering Manager, Growth ExpansionEngineering Manager, Tax ComplianceGroup Product Manager, Advisor ChannelGroup Product Manager, Product Foundations
Counted from Justworks's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

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 TechPEOSMB
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.