id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated
tender-2025-06-09,2025-06-09,day,Tender,employee_tender,Employee tender offer,200000000,,Teachers’ Venture Growth (Ontario Teachers’ Pension Plan),,9300000000,9300000000,"Fortune: “done at Gusto’s last valuation, $9.3 billion”",,,,,,,,"Fortune, 9 Jun 2025",https://fortune.com/2025/06/09/gusto-200-million-plus-tender-offer/,https://techcrunch.com/2026/05/07/gusto-hits-1b-revenue-a-figure-that-brings-it-closer-to-public-markets/,"Ran from 9 Jun to 8 Jul 2025; employees sold shares and OTPP took its first stake (Fortune). Tender, not a primary round.",2026-11-13
series-e-2021-08-10,2021-08-10,day,Closed round,primary_equity,Series E,175000000,175000000,T. Rowe Price,,9500000000,9500000000,Reported by Axios; Gusto’s post does not state a valuation,,,,2.5,,,,"Gusto, 10 Aug 2021",https://gusto.com/company-news/series-e-announcement,https://www.axios.com/2021/08/11/gusto-fundraising-175-million,"Source conflict: Fortune (2025) calls $9.3B Gusto’s “last valuation”, and other outlets have cited $9.6B or about $10B; this row uses Axios’s $9.5B, reported the day after the announcement.",2026-11-13
series-d-2019-07-24,2019-07-24,day,Closed round,primary_equity,Series D,200000000,200000000,,"Investors incl.: Fidelity Management & Research, Generation Investment Management (new)",3800000000,3800000000,Post-money (Crunchbase News),,,,,,,,"Crunchbase News, 24 Jul 2019",https://news.crunchbase.com/startups/gusto-raises-200m-series-d-at-3-8b-valuation/,,"Crunchbase News: “nearly double” the Series C valuation; no exact Series C figure in the sources read, so no step-up.",2026-11-13
series-c-2018-07-31,2018-07-31,day,Closed round,primary_equity,Series C,140000000,140000000,"T. Rowe Price, MSD Capital, Dragoneer, Y Combinator Continuity",,,,,,,,,,,,"TechCrunch, 31 Jul 2018",https://techcrunch.com/2018/07/31/gusto-raises-140-million-to-go-after-small-business-payroll-and-benefits-with-more-gusto/,,Late-stage round (TechCrunch).,2026-11-13