Startup Zenefits Raises $500 Million at $4.5 Billion Valuation
Zenefits, a cloud software startup that helps small companies manage health insurance, compensation and other matters related to their employees, has raised a stunningly huge $500 million series C investment at an implied valuation of $4.5 billion. The investment brings Zenefits’ total capital raised to north of $581 million and comes only two years into its life. Investment firms Fidelity Management and TPG led the round.
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