Justworks, Inc. announced that it has received $10.522271 million in funding from Index Ventures SA, Thrive Capital
On October 9, 2014, the company received $6,000,000 in its first tranche. The transaction was led by new investor Thrive Capital. The round also included participation from existing seed round investors, including Index Ventures and angel investors. As part of the transaction, Will Gaybrick, General Partner at Thrive Capital, joined the company's board of directors. The company has raised a total of $7 million in funding till date.
On October 27, 2014, Justworks, Inc. closed the transaction. The company issued 12,157,378 series A preferred shares at a price of $0.865505 per share for gross proceeds of $10,522,271.45. The preferred shares will be convertible in common shares at a price of $0.865505 per share. The round was raised at post money valuation of $10,522,271.45.