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
Leadership
President and Chief Executive Officer
Founder and Executive Chair
Chief Revenue Officer
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
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.
Justworks · 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.
90 jobs at Justworks
Mar 2018 · FirstMark Capital
Mar 2016 · Redpoint Ventures
May 2015
Oct 2014
Oct 2013 · Index Ventures
Chief Product Officer / SVP Product
Technology
Customers
Competitors
A planned IPO was recorded as cancelled.
SourceJustworks · 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.