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About Zenefits
Industries
Consulting
Enterprise Software
Company Size
201-500
Company Stage
Acquired
Total Funding
$567.7M
Headquarters
San Francisco, California
Founded
2013
Overview
Zenefits provides HR and payroll software solutions tailored for small and mid-sized businesses. Its platform includes features for hiring, onboarding, employee management, payroll processing, benefits administration, and time scheduling, all designed to be user-friendly and mobile-accessible. Zenefits differentiates itself from competitors by focusing specifically on the needs of smaller companies, which often lack the resources to manage complex HR tasks. The company serves over 11,000 clients, empowering around 400,000 employees, and integrates with 50 technology partners to enhance user experience. Zenefits operates on a subscription-based model, offering an all-in-one HR platform that simplifies administrative tasks and adapts to changing business needs, such as those arising from the COVID-19 pandemic.
Simplify's Take
What believers are saying
- Increased demand for remote work solutions boosts Zenefits' mobile-friendly platform adoption.
- The rise of gig economy work presents opportunities for Zenefits to expand flexible HR solutions.
- Growing focus on mental health in workplaces allows Zenefits to integrate wellness programs.
What critics are saying
- Integration challenges with TriNet's new website may disrupt Zenefits' service delivery.
- TriNet's acquisition could lead to strategic shifts affecting Zenefits' client base.
- Zenefits faces increased competition in benefits administration from other HRMS providers.
What makes Zenefits unique
- Zenefits offers a mobile-friendly HR platform tailored for small and mid-sized businesses.
- The platform integrates with 50 technology partners for a seamless user experience.
- Zenefits provides an all-in-one HR solution, simplifying administrative tasks for businesses.
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Funding
Total Funding
$567.7M
Above
Industry Average
Funded Over
5 Rounds
Insight Partners
Founders Fund
Andreessen Horowitz
SV Angel
Y CombinatorBenefits
Healthcare
Wellness benegits
Catered lunches & snacks
PTO
Volunteer time off
Parental leave
Commuter benefits
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↑ 1%It was co-founded in San Francisco in 2016 as a second act for Parker Conrad, who resigned amid scandal from his previous HR tech firm Zenefits.
Dublin, CA — December 23, 2021 — TriNet, a leading provider of human resources solutions for small and medium-size businesses (SMBs), today announced it has entered into a definitive agreement to acquire Zenefits, a People Operations platform purpose-built for SMBs, from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Details of the stock and cash transaction were not disclosed.
DUBLIN, Calif., Dec. 19, 2023 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today introduced its redesigned website, combining the full force of its all-in-one HR capabilities into one modernized, engaging and user-friendly site. The launch of this new site is a key component of TriNet's continued promise to businesses to provide incredible HR products and services that can scale and evolve with their needs."We are thrilled to launch our dynamic new website that offers a richer, more streamlined experience to all users," said TriNet Senior Vice President, Chief Marketing Officer and Chief Communications Officer, Michael Mendenhall. "It is an outstanding representation of how TriNet and our brand has evolved and underscores our unwavering commitment to deliver comprehensive, efficient, and expert HR solutions to meet entrepreneurs and SMBs where they are—and get them to where they need to be."The new website features TriNet's Professional Employer Organization (PEO), Software as a Service (SaaS), and Administrative Services Organization (ASO) offerings—as well as details on tax credit services from TriNet Clarus R+D. This also eliminates the need for separate domains for TriNet.com and Zenefits.com. The following product capabilities will now be available to TriNet customers on the revamped site:TriNet PEO – TriNet's main PEO model that combines HR, access to employee benefits and payroll processing into one full-service HR solution.HR Platform – Harness a modern self-service platform to simplify HR tasks without time-consuming manual effort.HR Plus – Administrative support for HR, payroll processing and payroll tax, complemented by our efficient HR technology.The enhanced online experience is reflective of TriNet's role as a trusted HR advisor to thousands of SMBs across the country
Zenefits is the best HRMS for benefits administration.
Five Threshold employees received Excellence in Service awards for their lasting dedication to those they support.
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About Zenefits
Industries
Consulting
Enterprise Software
Company Size
201-500
Company Stage
Acquired
Total Funding
$567.7M
Headquarters
San Francisco, California
Founded
2013
There are no jobs for Zenefits right now.
Find jobs on Simplify and start your career today