Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Justworks is a privately held New York HR-technology and professional-employer-organization (PEO) company founded in 2012. It combines cloud HR software, payroll, benefits, compliance, and human support so small and midsize businesses can outsource employment administration and access large-company benefits.
Primary product
Integrated Justworks PEO and HR platform: payroll and tax filing, benefits administration, HR tools and consulting, compliance, workers’ compensation, time tracking, and international hiring/EOR; Justworks Payroll is the standalone payroll product.
Founded
2012
Headquarters
New York, New York, United States
Team size
1,000–2,000
Work style
Hybrid
Industry
Human Resources Services / HR technology
Sub-industry
PEO, payroll, benefits administration, HRIS, and employer-of-record services
Offices
Business model
Stage
Private, venture-backed, later-stage/profitable; no outside equity financing since January 2020 according to the CEO, although databases record a 2023 later-stage transaction
Total raised
$163M
Latest round
Later-stage venture / private financing transaction · Nov 2023
Latest amount
$16.8M
Jan 2020 · FirstMark Capital and Union Square Ventures
Mar 2018 · FirstMark Capital
Mar 2016 · Redpoint Ventures
May 2015
Oct 2014
Oct 2013 · Index Ventures
Leadership
President and Chief Executive Officer
Founder and Executive Chair
Chief Revenue Officer
Chief Product Officer / SVP Product
The stated culture is organized around Camaraderie, Openness, Grit, Integrity, and Simplicity, with emphasis on inclusion, customer impact, autonomy, cross-functional work, continuous feedback, and structured career growth. Engineering materials describe a hybrid office model and collaborative, conversational interviews.
Work style
Hybrid
Compensation
Public job materials signal role-specific salary disclosure may occur during recruiting, but a reliable company-wide compensation range was not established. Benefits and total-rewards programs are publicly described; visa sponsorship is not clearly stated.
Benefits
Pricing
Subscription/per-employee-per-month pricing, with product-specific plans. Publicly cited examples include Justworks Payroll at $10/month plus $5 per employee/month at launch; third-party current estimates cite PEO Basic from about $79 per employee/month, PEO Plus about $109, and contractors about $39, subject to plan and market changes.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $300M–$1B annually; public estimates conflict materially. A company-profile estimate gives $982.7M, while other third-party estimates give about $321M–$350M. Treat as low-confidence because Justworks is private and does not publish audited revenue.
Estimated monthly visits
1.2M
Traffic estimate as of Jan 2026
Justworks announced a workforce reduction of nearly 200 employees, citing the need to improve resilience, simplify operations, align products under a “One Justworks” strategy, and target a return to profitability in early 2027.
SourceAcquired VIA Global Ventures, supporting international hiring/EOR expansion.
SourceAcquired Boomr, a time-tracking/workforce-management company.
SourceA planned IPO was recorded as cancelled.
SourceJustworks · Jul 2026
Launched an MCP connection allowing administrators to query live team, payroll, paystub, time-off, and deduction data from compatible AI tools.
Justworks · Jul 2026
Added ICHRA administration through Thatch, expanding support for small-group, large-group, and individual health-plan models.
Justworks Technology Blog · Jun 2026
Described consolidating payroll tax calculation services across 50 states, 7,000+ tax codes, and billions of dollars in tax processing, using shared engineering and AI-assisted workflows.
Justworks · Feb 2025
Announced reduction of nearly 200 employees and a restructuring intended to restore profitability by early 2027.
Justworks · Jul 2023
Launched Justworks Payroll to serve businesses that do not need the PEO co-employment model and expand beyond its traditional technology/professional-services customer base.
97 jobs at Justworks