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Justworks
Justworks is a New York City-based company founded in 2012. It offers a platform for automating payroll, benefits, and compliance. The company has secured...
Justworks
Justworks is a New York City-based company founded in 2012. It offers a platform for automating payroll, benefits, and compliance. The company has secured $159.8 million in total funding.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who founded Justworks and what is their background?
Justworks was founded by Isaac Oates in 2012. Oates previously served as an executive and early employee at Etsy, where he led the company's payments and risk operations. He also held roles at Amazon and Goldman Sachs (per public record).
Is Justworks a family office or an investment firm?
No, Justworks is not a family office or investment firm. It is a technology company operating a professional employer organization (PEO) and SaaS HR platform. It does not manage capital for any family, nor does it deploy funds into external investments.
How does Justworks generate revenue?
Justworks generates revenue primarily through subscription fees charged per employee per month. These fees cover payroll processing, benefits administration, compliance support, and access to its software platform. It does not earn investment returns, management fees, carried interest, or any asset-based compensation.
What types of businesses does Justworks serve?
Justworks serves small to mid-sized businesses in the United States with between 2 and 2,000 employees. Its clients span a wide range of industries including technology, professional services, healthcare, and retail.
Does Justworks raise external capital?
Yes, Justworks has raised venture equity and debt financing from institutional investors including Index Ventures, Menlo Ventures, and Thrive Capital (per public record). The total amount raised is not publicly confirmed.
How is Justworks regulated?
Justworks operates as a licensed professional employer organization (PEO) and is regulated by state insurance departments and state agencies enforcing PEO requirements. It is also subject to Department of Labor regulations regarding employee benefits and tax filings.
What companies are considered competitors to Justworks?
Justworks competes with other PEO providers such as ADP TotalSource, TriNet, and Insperity, as well as all-in-one HR software platforms like Gusto and Rippling. Some competitors offer both PEO and non-PEO service models.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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