Namely

Namely

Cloud-based HR platform offering payroll, compliance

Overview

Namely provides a cloud-based HR platform that combines payroll, benefits administration, talent management, and compliance for small to mid-sized businesses. Users access centralized HR tools to automate core processes, manage employee data, run payroll, administer benefits, develop talent, and stay compliant with multistate regulations, on a subscription SaaS with optional managed services. Namely differentiates itself with a rich library of HR resources—reports, guides, webinars, best practices—and a community of over 1,400 HR professionals, plus integrations with other systems. The goal is to help organizations streamline HR operations, improve the employee experience, and reduce compliance risk through an integrated platform and educational resources.

Significant Headcount Growth

About Namely

Simplify's Rating
Why Namely is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$217.8M

Headquarters

New York City, New York

Founded

2012

Simplify Jobs

Simplify's Take

What believers are saying

  • Post-2022 merger creates full employee lifecycle HCM platform from hire to retire.
  • Combined 3,600-person organization scales across 1,100 mid-sized, 12,000 PEO, 85,000 SMB clients.
  • Managed services model generates recurring revenue while reducing client operational burden.

What critics are saying

  • Vensure-PrismHR integration failures drive mid-market client defection to specialized competitors.
  • Stone Point Capital ownership pressures support quality, accelerating customer churn to ADP, Paycom.
  • Consolidation wave with BambooHR and Zenefits-TriNet acquisitions commoditizes mid-market HCM offerings.

What makes Namely unique

  • Merged entity serves 3M+ worksite users across mid-market, PEO, and SMB segments.
  • Integrated managed services handle HR, payroll, benefits administration end-to-end.
  • Community network of 1,400+ HR professionals provides exclusive resources and best practices.

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Funding

Total Funding

$217.8M

Above

Industry Average

Funded Over

10 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

13%

1 year growth

13%

2 year growth

13%
Namely
Dec 21st, 2023
Namely's 2023 Wrapped: Top HR Webinars

For this webinar, Namely, Inc. teamed up with Bravely and Blueboard to discuss improving onboarding strategies, simple and effective tactics for employee training and coaching, and best practices for recognition programs.

GlobeNewswire
Sep 6th, 2022
Namely Merges With Vensure Employer Services + Prismhr

NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Namely , the leading HR platform for mid-sized companies, today confirmed it has merged with the organization recently created by the combination of Vensure Employer Services and PrismHR

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