Justworks Secures $40 Million in Series D Funding

HR technology company Justworks today announced a $40 million Series D funding round led by FirstMark Capital, with participation from existing investors Index Ventures, Thrive Capital, Bain Capital and Redpoint Ventures.

Justworks has created an online platform that handles payroll and payments procedures, benefits facilities, and compliance issues. The company’s goal is to free entrepreneurs to focus on what matters: building their business and creating great places to work. According to Justworks, companies that use the Justworks platform benefit from top health insurance, benefits, and perks normally reserved for staff in large corporations.