Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Gusto, formerly ZenPayroll, raises $50M ‘opportunistic round,’ boasts 25,000 customers
Gusto, the payroll and benefits service provider formerly known as ZenPayroll, has raised over $50 million in what its CEO called an “opportunistic insider round.” The company also disclosed that it now counts more than 25,000 businesses in the U.S. as customers, or 0.5 percent of all U.S. employers.
A filing found on the U.S. Security and Exchange Commission website revealed that Gusto was in the process of bringing in upwards of $50 million more in funding. CEO Joshua Reeves told VentureBeat that this wasn’t a new round, that it was rather categorized as part of Gusto’s series B round that was announced in April. “Last month, we knew that there was a lot of interest from existing investors to put in more capital,” he said. “We decided to take in more capital because we wanted to give investors a chance to increase their position. They’ve been incredibly supportive and helpful.”
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Architecture tool Flux Factory closes $29 million round
Flux Factory, a startup providing “cloud-based collaboration tools for architects, engineers, and contractors,” announced today that it closed a $29 million investment, TechCrunch reported. Temasek and Surbana Jurong Private Limited led the series B round, with the collaboration of Far East Ventures and South Park Ventures.
The Google X graduate has raised at least $37 million to date.
More: Flux Factory
PepperTap raises $4M to complete $40M round, acquires Jiffstore
Gurgaon, India-based on-demand delivery service PepperTap took in a $4 million investment from InnoVen Capital, additional to its most recent $36 million round, India’s The Economic Times reported. The startup also announced that it acquired Bangalore-based grocery shopping startup Jiffstore for an undisclosed amount.
Snapdeal and Sequoia India also participated in the round that brings PepperTap’s total funds to $51 million.
More: PepperTap
This list will be updated with breaking funding news all day. Check back for more.
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