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Venture Capital News: Zenefits Bags $2.1M Seed Round

2013-07-30
SAN FRANCISCO, CA, Insurance services firm announced that it has raised $2.1 million in seed capital.
According to published reports, Zenefits is announcing that it has raised $2.1 million in seed capital. The new round includes an initial $372K tranche of capital raised out of Y Combinator from Andreessen Horowitz, Yuri Milner, General Catalyst, Garry Tan, Justin Kan and Alexis Ohanian. The round was led by Venrock and Maverick Capital.

Zenefits is an insurance brokerage that helps runs your benefits, so you can run your business. First, Zenefits helps you get affordable benefits for your company-from healthcare to 401k-in minutes. Then Zenefits manages all your ongoing, time-consuming HR work for you-so you don't have to. Already have benefits? You can outsource your current HR headaches in just one click. Zenefits automatically manages your payroll, healthcare, COBRA, 401k, commuter benefits, and more.
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