Justworks Company Profile
Justworks, founded in 2012 and headquartered in New York City, is a privately held, venture capital-backed company with 1,446 employees as of 2025, that develops a cloud-based human resource management platform offering small and medium-sized businesses integrated payroll, benefits, HR, and compliance services through co-employment to reduce costs and enhance employee benefits, having raised a total of $163 million with its latest $16.8 million later-stage VC funding round completed in November 2023.
Overview
Justworks is a developer of a human resource management platform designed to manage employees, payroll, benefits, and compliance procedures. The company's cloud-based software platform gives small and medium-sized businesses access to benefits, payroll, human resources, and compliance support all in one place, driving economies of scale through co-employment. This enables businesses to achieve cost savings and provides a richer suite of benefits for employees.
- Year Founded: 2012
- Status: Private
- Employees: 1,446 (as of 2025)
- Latest Deal Type: Later Stage VC
- Latest Deal Amount: $16.8M
- Total Funding Raised: $163M
- Primary Industry: Business/Productivity Software
- Other Industries: Human Capital Services
- Verticals: HR Tech, SaaS, FinTech
- Headquarters: New York, NY, United States
- Website: www.justworks.com
- Formerly Known As: Clockwork
Ownership and Financing
- Ownership Status: Privately Held (backing)
- Financing Status: Venture Capital-Backed
Corporate Office
Church Street Station
PO Box 7119
New York, NY 10008-7119
United States
Social Media
Valuation & Funding History
- 12. Later Stage VC: 01-Nov-2023, $16.8M, Completed, Profitable
- 11. Secondary Transaction - Private: Completed, Profitable
- 10. IPO: 13-Jul-2022, Cancelled, Profitable
- 9. Debt Refinancing: 04-Jun-2021, Completed, Profitable
- 8. Debt - General: Completed, Generating Revenue
- 7. Later Stage VC (Series E): 28-Jan-2020, Completed, Generating Revenue
- 6. Later Stage VC (Series D): 06-Mar-2018, Completed, Generating Revenue
- 5. Later Stage VC (Series C): 03-Mar-2016, Completed, Generating Revenue
- 4. Accelerator/Incubator: $23.5M, Completed, Generating Revenue
- 3. Early Stage VC (Series B): 18-May-2015, $13M, $23.5M raised to date, Completed, Generating Revenue
Cap Table (Partial)
- Series A-1: 12,157,378 shares authorized, Par Value $0.000500, Original Issue Price $0.87, Liquidation Preference 1x, Conversion Price $0.87, % Owned 11.81%
- Series A: 10,926,405 shares authorized, Par Value $0.000500, Original Issue Price $0.87, Liquidation Preference 1x, Conversion Price $0.87, % Owned 10.61%
Investors (Partial List)
- Angel (individual)
- Latitude (London) (Venture Capital)
- Meritech Capital Partners (Venture Capital)
- TriplePoint Capital (Venture Capital)
Acquisitions
- VIA Global Ventures: Merger/Acquisition, 26-Sep-2023, Industry: Human Capital Services
- Boomr: Merger/Acquisition, 06-Oct-2020, Industry: Business/Productivity Software
Affiliates / Subsidiaries
- Justworks Administrative Services: New York, NY, Founded 2024
- VIA Global Ventures: Palo Alto, CA, Founded 2017
Competitors (Sample)
- Maxwell Health: Formerly VC-backed, Boston, MA
- Empyrean Benefit Solutions: Formerly VC-backed, Houston, TX
- Payworks (Canada): Private Equity-Backed, Winnipeg, Canada
- Namely: Private Equity-Backed, New York, NY
- UKG: Private Equity-Backed, Lowell, MA
Patents
- Total Documents (Applications and Grants): 2
- Granted: 1
- Pending: 1
- Expiring in next 12 months: 0
Recent Patent Activity
- JP-2019023176-A: Agents and food compositions for promoting transcription factor activities, Pending, First Filing Date: 25-Jul-2017
- US-3464199-A: Handless pendulum driven clock, Inactive, First Filing Date: 27-Apr-1967
FAQs
When was Justworks founded?
Justworks was founded in 2012.
Where is Justworks headquartered?
Justworks is headquartered in New York, NY.
What is the size of Justworks?
Justworks has 1,446 total employees.
What industry is Justworks in?
Justworks’s primary industry is Business/Productivity Software.
Is Justworks a private or public company?
Justworks is a Private company.
What is Justworks’s current revenue?
The current revenue for Justworks is not disclosed.
How much funding has Justworks raised over time?
Justworks has raised $163M.
Who are Justworks’s investors?
Latitude (London), Meritech Capital Partners, TriplePoint Capital, and others are among the 18 investors who have invested in Justworks.
Who are Justworks’s competitors?
Maxwell Health, Empyrean Benefit Solutions, Payworks (Canada), Namely, and UKG are some of the 72 competitors of Justworks.