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Funding Daily: Sports tech
In the sea of cloud and infrastructure startups, sometimes it’s worth calling out that really cool piece of recreational tech: sports. Zepp Labs received $15 million today for its sensors, which you...
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VCs gave Zenefits $66.5M — because even they don't want to deal with HR...
As we’ve said before, HR may not be super sexy, but it sure is catching investors’ eyes. Today, payroll and benefits software company Zenefits announced that it has raised $66.5 million as a second...
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How Zenefits is tapping into a huge opportunity at the heart of U.S. health care
The U.S. marketplace for health care services is dysfunctional, opaque, and ruled by insurers. But one startup, Zenefits, seems to have found an interesting way to both simplify the process and —...
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Zenefits raises gargantuan $500M round, valued at $4.5B, to expand its HR...
San Francisco-based Zenefits announced today that it raised another $500 million from a host of top-tier investors, money the company says will help it accelerate its already torrid rate of growth. “We...
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Zenefits launches ACA Compliance Automation to help small businesses follow...
Zenefits, a fast-growing startup with cloud software for managing health insurance and other employee benefits, is announcing today the new ACA Compliance Automation feature to ensure that companies...
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Don’t lose sleep over Fidelity’s recent startup write-downs
GUEST: [Disclosure: Sohail Prasad is a prior investor in Zenefits, which is a recipient of a write-down. No non-public information is disclosed in this article, nor are we receiving compensation for...
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Zenefits CEO Parker Conrad resigns, COO David Sacks takes over
Parker Conrad, cofounder and CEO of human resources and insurance software startup Zenefits, has stepped down from the top position at the company. David Sacks, the company’s chief operating officer...
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Zenefits confirms 250 layoffs, 17% of company workforce
Human resources and insurance software startup Zenefits has announced that 250 employees are being made redundant, representing 17 percent of the company’s workforce. The news comes as Zenefits faces...
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Zenefits dares its employees: Get behind our turnaround or please get out
Way back in 1992, I had just been hired for my first professional newspaper job at The News & Observer in Raleigh, N.C. At that point, the paper was still independently owned by the Daniels family,...
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Zenefits CEO David Sacks on his bold bet: Less than 10% of employees accepted...
Last week, Zenefits CEO David Sacks made one of the more daring turnaround moves in recent Silicon Valley history. Following several months of turmoil over compliance issues that led to the departure...
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Scandal-hit Zenefits slashes own valuation as it cuts deal with investors
SAN FRANCISCO (Reuters) — Software startup Zenefits has cut a highly unusual deal with investors to increase their ownership while slashing the once-hot firm’s valuation as it seeks to avoid litigation...
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Zenefits paying $62,500 fine from Tennessee agency, will keep operating in...
Tennessee Department of Commerce and Insurance (TDCI) is announcing today that it’s making human resources and insurance service provider Zenefits pay a $62,500 fine after the startup’s employees sold...
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Zenefits looks beyond past troubles with launch of app marketplace for...
More than a year ago, Zenefits seemed to be riding high as a company Silicon Valley investors salivated over. It had amassed significant growth and traction some deemed warranted a $4.5 billion...
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Zenefits adds benefits to HR platform and opens up payroll tool, starting in...
As Zenefits turns the page from dark times to days which it hopes will be more prosperous, it has launched two new applications designed to benefit the workforce. In addition to announcing its app...
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You can now request time off with the Zenefits Slack bot
Zenefits made a slate of announcements today, including the launch of its Z2 app marketplace, its native payroll service, benefits selector and enrollment tool, and more. But while it’s building out...
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Zenefits’ new paid app offers companies HR advice from experts and business...
Zenefits has launched a paid app designed to offer advice and support to small businesses on how they can create a successful human resource department. The new HR Advisor app is part of Zenefits’ slew...
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Zenefits CEO David Sacks stepping down (updated)
While Zenefits says that it’s always hiring, could one of the next people it brings on board be the successor to current chief executive David Sacks? The company is reportedly looking for senior...
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Zenefits CEO may join Thiel on Trump transition team
With his departure as Zenefits CEO confirmed on Friday, reports now suggest that David Sacks of Zenefits could become part of the Trump transition team, joining his friend and former co-author Peter...
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Zenefits extends its payroll service to Florida, Texas, and Washington
In the midst of uncertain leadership, Zenefits is moving forward with its product roadmap. Today, the company announced that its new homegrown payroll service will now be available in three more...
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Zenefits adds compliance and document management apps to its HR platform
Zenefits is continuing the expansion of its human resource platform, launching compliance and document management apps for small businesses, while also opening up its payroll service to five more...
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Zenefits names former Ooyala CEO Jay Fulcher to succeed David Sacks
Zenefits has found a new leader to run its human resources platform, bringing on board former Ooyala chief executive Jay Fulcher. He succeeds David Sacks and will also become the chairman. Sacks will...
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Lively launches to be the Zenefits for health savings accounts
The rise of companies such as Zenefits and Gusto have enabled businesses to modernize their payroll and human resources offering, but tackling these needs can be a big task for any service provider....
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Microsoft Teams is now available, here’s what its bots can do
The Microsoft Teams app became generally available today for iOS and Android smartphones, as well as for Windows and Mac desktop apps. Competing against enterprise chat apps like Hipchat, Slack, and...
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Zenefits fined $1.2 million by NY regulator for unlicensed insurance sales
(Reuters) – Health benefits broker Zenefits was fined $1.2 million with New York’s financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance...
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Paris’ PayFit raises $16 million in round led by Accel to take its cloud...
Updated July 6 at 2:34 p.m. to correct timing of Zenefits’ CEO departure and its market focus. Human resource startup PayFit has raised a new round of funding to expand its service outside of France....
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Zenefits and cofounder Parker Conrad fined nearly $1 million over misleading...
(Reuters) — Silicon Valley business software startup Zenefits and its cofounder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement...
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Zenefits appoints new CFO as company tries to regain its footing
Human resources (HR) software services company Zenefits has appointed a new chief financial officer (CFO) eight months after the previous CFO stepped down. Shaun Wiley joins Zenefits after having...
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Justworks raises $40 million to grow its HR, payroll, and benefits platform
Human resources (HR) technology platform Justworks has raised $40 million in a series D round of funding led by FirstMark Capital, with participation from Index Ventures, Thrive Capital, Bain Capital,...
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The key to rapid growth: Disrupt an industry
VB EVENT: Modern organizations need leaders who understand disruption, embody agility, and are naturals with new digital tools. Join us at GrowthBeat to learn from leaders who do all this. Samir Patel,...
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Bubble talk: Zenefits is good, but it’s not $4.5B good
GUEST: Having very recently written a piece praising the way in which HR platform provider, Zenefits, was successfully disrupting major industries by delivering great SaaS, revolutionizing the current...
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