Justworks

Justworks
Professional Employer Organization
Industry Human Resources
Founded 2012
Founder Isaac Oates
Headquarters New York City, New York, United States
Key people
 Robert Lopez (Head of Sales and Business Development)
Nick Thuesen (Head of Engineering)
Camilla Velasquez (Head of Product)
Sarah Henochowicz (Director, Operations & Business Insights)
Number of employees
 Nearly 100 [1]
Website http://www.justworks.com/

Justworks is a HR and payroll management startup that specializes in offering flexible benefits packages that include health insurance coverage.[2] Justworks is a professional employer organization (PEO) that offers software as a service for small to medium businesses to manage payroll, human resources, benefits, and government compliance.[3]

Justworks is registered to operate in all 50 states and provides small businesses access to large-group health care plans.[2] In addition, Justworks offers benefits to employees such as medical, vision, dental, gym memberships, 401(k) plans, and pre-tax commuter benefits.[4][5]

Justworks founder Isaac Oates spent 12 years in the Army Reserve and the National Guard, eventually rising to become an officer. Concurrently, Oates spent 3 years at Amazon as a software engineer, then a year and a half as a product manager. Oates left Amazon to found an advertising startup Adtuitive in 2008, which was acquired by Etsy in 2009.[6] Oates started Justworks in 2012 as a solution to the frustration he experienced managing HR and payroll at Adtuitive and Etsy.[7]

In 2014, Justworks received $6 million in its series A funding round led by Thrive Capital and Index Ventures.[8] The next year, it received an additional $13 million in a series B funding led by Bain Capital Ventures.[9] In March 2016, Justworks received another $33 million in series C funding, bringing the total investment in the company to $53 million. Redpoint Ventures led the third round but existing investors Bain Capital Ventures, Thrive Capital and Index Ventures also participated.[8]

In 2015, the company posted a revenue growth rate of 1,500 percent and a growth in its user base by 800 percent. In the same year, the company grew from 20 to nearly 100 employees.[3]

In late 2014, Camilla Velasquez, previously Director of Payments at Etsy, joined Justworks as its Head of Product. In 2015, Nick Thuesen, formerly Chief Architect at Tumblr, joined Justworks to work as its Head of Engineering.[3]



References

  1. ↑ "CrunchBase profile". Retrieved 23 March 2016.
  2. 1 2 "Justworks Raises $13M Series B Funding". tech.co. Retrieved 2016-03-23.
  3. 1 2 3 "HR platform Justworks scores $13M and new investor in Bain Capital - New York Business Journal". New York Business Journal. Retrieved 2016-03-23.
  4. ↑ "Justworks Launches Online Payroll & Benefits Platform". Accounting Technology. Retrieved 2016-03-23.
  5. ↑ Mui, Ylan Q. (2015-07-28). "Companies have found something to give their workers instead of raises". The Washington Post. ISSN 0190-8286. Retrieved 2016-03-23.
  6. ↑ Wauters, Robin. "Etsy Buys Retail Product Ad Platform Adtuitive, Gains Five New Programmers". TechCrunch. Retrieved 2016-03-23.
  7. ↑ "This founder used to split his time between Amazon and the Army, and it shows". Business Insider. Retrieved 2016-03-23.
  8. 1 2 "Justworks Raises $6 Million to Help Businesses Handle Employee Benefits". 2014-10-09. Retrieved 2016-03-23.
  9. ↑ "HR platform Justworks scores $13M and new investor in Bain Capital - New York". New York. Retrieved 2016-03-23.
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