Wednesday, August 1, 2018

Gusto, With Offices In Denver, Gets $140M

Gusto, the human resources software developer which has one of its two offices in Denver, has raised $140M in a Series C funding round,t he company said Tuesday. The funding came from T. Rowe Price Associates, Inc., MSD Capital (Michael Dell), Dragoneer Investment Group and Y Combinator Continuity Fund plus existing investors General Catalyst, CapitalG, Kleiner Perkins, 137 Ventures, Emergence Capital and others. Gusto's CEO is Josh Reeves. The company said the funding goes towards "significant" additions to its technology platform, including new "flexible" payment capabilities which let employees choose when they want to get paid, regardless of their employer's pay schedule and without affecting their employer's payroll or cash flow. Gusto both has office in San Francisco and Denver. More information »