Gusto key facts
as of Oct 2026- Developer of a cloud-based payroll and human resource management platform designed to provide employee benefits.
- Gusto is valued at approximately $9.3B as of Oct 2026, set at its later-stage round, Oct 2025; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $929.8M across 14 recorded rounds; the latest was Debt - General ($178.5M) in Nov 2025.
- Notable investors include Y Combinator, General Catalyst, Salesforce Ventures, Fidelity Management & Research Company, GV — 170 tracked in total.
- PrivateMarketView tracks 7 recorded secondary trades in Gusto shares.
- 1 investment vehicle was formed to buy Gusto shares in the last 12 months, reporting $10.0M sold to 1 investors, per SEC Form D filings.
- Gusto has filed 3 Form Ds with the SEC, most recently Aug 2021 ($114.3M sold to 27 investors).
- Status: Privately Held (backing).
Valued at $9.3B at its later-stage round, Oct 2025. Nothing has traded since.
Membership and data by Private Market View
- ·Post-money valuations for 9 rounds
- ·The complete investor list: 170 names
- ·Everyone on the team, board and advisors included
- ·Watch Gusto: the Monday email on marks, rounds and moves
Secondary market
monthly marks · 37 months · Jan 2023 – Jan 2026 · endedMembership and data by Private Market View
Gusto secondary trades
7 on record · Feb 2026 – Jun 20267 trades between Feb 2026 and Jun 2026. Exact dates, prices and structures are available to Pro members.
Membership and data by Private Market View
Gusto funding rounds
14 roundsVehicles formed to buy Gusto shares
secondary demand · SEC Form D filingsIn the last 12 months, 1 investment vehicle were formed to buy Gusto shares, reporting $10.0M sold to 1 investors. Most recent filing Feb 2026.
Membership and data by Private Market View
Gusto leadership
- Joshua ReevesCo-Founder, Chief Executive Officer & Contributing Author
- Mike TaylorChief Financial Officer
- Mike TriaChief Technology Officer
- Ian WatsonChief Customer Officer & Head of Customer Experience
Who backs Gusto
170+Gusto valuation
Gusto was valued at $9.3 billion at its later-stage round in Oct 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
Gusto ranks 34th by valuation and 45th by capital raised among the private companies PrivateMarketView tracks.
How much has Gusto raised?
Gusto has raised $930 million across 14 recorded rounds since 2012. The largest was a $90 million Series B2 in Jul 2016; the most recent was a $179 million debt round in Nov 2025. 9 of the rounds disclosed a post-money valuation.
Gusto has filed 3 Form Ds with the SEC, most recently in Aug 2021 ($114 million sold to 27 investors).
Gusto secondary market activity
7 secondary trades in Gusto shares are on record, between Feb 2026 and Jun 2026. The busiest recent months were May 2026 (3 prints). Exact dates, prices and structures are available to Pro members.
A monthly secondary-market price series for Gusto runs from Jan 2023 to Jan 2026 (37 months); the most recent quote is from Jan 2026.
Institutional holders and vehicles
In the last 12 months, 1 investment vehicle was formed to buy Gusto shares, reporting $10 million sold to 1 investor, per SEC Form D filings (most recent Feb 2026).
Gusto investors
170 investors are on record for Gusto, including Y Combinator, General Catalyst, Salesforce Ventures and Fidelity Management & Research Company. By type, the record holds 49 angel investors, 46 venture capital firms and 10 private investors. The debt round in Nov 2025 drew 1 investor.
Who runs Gusto
13 people are listed on the Gusto team: 8 executives and 5 board members, including Edward Kim (Co-Founder) and Joshua Reeves (Co-Founder). 9 of them have a verified direct contact on file.
Comparable companies
Comparable business/productivity software names by valuation on PrivateMarketView: Sierra ($10 billion), Kraken Technologies ($8.7 billion) and Wayve ($8.6 billion).
About Gusto
Developer of a cloud-based payroll and human resource management platform designed to provide employee benefits. The company's platform offers features including payroll, benefits, and team management, time tracking, as well as health, dental, and vision insurance tracking, enabling small businesses to take care of their team's requirements.
- Industry
- Business/Productivity Software
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2011
- Employees
- 3,623
- Website
- gusto.com/
- Ownership
- Privately Held (backing)
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