Justworks raises $40M to build a simpler business operations suite
Justworks operates in an increasingly crowded space of all-in-one business operation suites that include tools like human resources, payroll, employee management, benefits, and other kinds of tools that businesses critically need to operate as they grow up. But the aim, like many startups looking to attractive businesses, is to provide a much simpler and more approachable set of tools that take away some of the headaches of ducking through tons of drop-downs and windows-within-windows to find the exact employee time off you want to note in a calendar six months from now — which may or may not work.
And by making those more streamlined and automated, there are opportunities to reduce the human error part of the equation as well as companies get bigger and bigger. But small businesses are probably the widest segment that need these kinds of simpler tools to actually start to scale in the first place, and that’s part of the reason why Justworks was attractive to FirstMark Capital, which led the investment (with Beth Ferreira joining the board). Existing investors Redpoint Ventures, Index Ventures, Bain Capital and Thrive Capital also participated.Read the full article on TechCrunch