Gusto Current · Verified less than 14 days ago · Last verified: Oct 14, 2026

Gusto: $14B valuation, IPO Readiness 78, Public. Filed S-1 with the SEC on December 2025 — IPO actively in progress. Track live on The IPO Stack.

PublicHR Technologypublic
78
/100
IPO Readiness Score
Grade B — Moderate IPO Readiness
TechStackIPO proprietary score based on funding scale, valuation, stage progression & momentum.
Track Gusto →

Gusto is the full-service HR, payroll, and benefits platform for small and medium businesses, serving 300K+ companies across all 50 US states. Valued at $9.5B with $520M raised, Gusto processes $100B+ in payroll annually and generates $400M+ in ARR. Competes with ADP, Paychex, and Rippling in the $80B+ payroll and HR software market. IPO under active consideration as the category leader in SMB-focused HR technology.

Valuation
$14B
Total Funding
$921M
Stage
Public
Sector
HR Technology
Headquarters
San Francisco, CA
CEO
Josh Reeves
IPO Status
public

Funding History

April 2012
Series A
$6.5M
April 2015
Series C
$50M
July 2019
Series D
$140M
June 2021
Series E
$200M
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Track Gusto IPO timeline, funding rounds, investor activity, and valuation on TechStackIPO — the pre-IPO intelligence platform.

Frequently Asked Questions

When is Gusto going public? +

Gusto is already a public company.

What is Gusto's current valuation? +

Gusto is valued at $14B as of June 2021. This valuation is based on its most recent private funding round tracked by TechStackIPO.

How can I invest in Gusto before IPO? +

Gusto is already a public company. You can invest by purchasing shares on public stock exchanges.

What is Gusto's IPO Readiness Score? +

Gusto scores 78/100 (Grade: B) on TechStackIPO's IPO Readiness Index. The score evaluates funding scale, valuation trajectory, funding momentum, stage progression, and company maturity. Scores above 70 indicate strong near-term IPO potential.

Has Gusto filed for an IPO? +

Yes — Gusto filed an S-1 registration statement with the SEC on December 16, 2025, indicating an active IPO process.

How much total funding has Gusto raised? +

Gusto has raised $921M in total venture capital and private equity funding, with backing from General Catalyst, Kleiner Perkins, Google Capital.

Who are Gusto's key investors? +

Gusto's notable investors include General Catalyst, Kleiner Perkins, Google Capital, T. Rowe Price, Dragoneer. Full investor details, funding round history, and lead investor breakdowns are available on TechStackIPO.

What sector is Gusto in? +

Gusto is a HR Technology company. Gusto is the full-service HR, payroll, and benefits platform for small and medium businesses, serving 300K+ companies ac.

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