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ACQUIRED COMPANY
 
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Zenefits  Acquired by TriNet (2021  amount undisclosed )

50 Beale Street
San Francisco, CA 94105
USA
(888) 249-3263
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Lars Dalgaard (SuccessFactors CEO) Eric Salzman (LAMCO)
Company

Business description: Zenefits connects with your existing payroll and benefits in seconds. Need benefits or payroll? We'll give you quotes and set you up. How can Zenefits be free? A. Zenefits is a licensed insurance broker. When you purchase or manage insurance through us, we get paid by the insurance company, just like any other licensed broker. We don't take a single penny out of your pocket. We don't charge, unlike other companies, because we're able to operate on these broker fees alone. By leveraging new technological processes we're able to keep our costs low, which allows us to pass on the savings to you!
Capital

Rounds: 3
Recent Fundings: Sep 2015   Jun 2014
Capital raised: 583.6M
Last Round: 500.0M
Ownership: Acquired by TriNet (2021  amount undisclosed )
Angels/other VCs: Elad Gil (Twitter);  Jared Leto (actor);  Aaron Levie (Box);  David Rusenko (Weebly);  David O Sacks (Zenefits)
Corporate investors: Fidelity Investments
Private equity: TPG

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Overview
Record updated: Dec 2021
Sector: Professional Services
Year Founded: 2013
Headcount: 401-500 as of Dec 2021
Rounds: 3
Recent Fundings: Sep 2015   Jun 2014
Capital Raised: 583.6M
Last Round: 500.0M
Ownership: Acquired by TriNet (2021  amount undisclosed )