Private Market View

Gusto

Business/Productivity Software · San Francisco, CA · Founded 2011 · Privately Held (backing)

PA Mark · $/share
$20
Sep 2026
Implied valuation
$6.3B
Total raised
$929.8M
Last round
Debt - General
Nov 2025
What is Gusto worth?
$6.3Bimplied by the PA Mark · Sep 2026

Gusto last raised $178.5M in its Debt - General (Nov 2025).

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  • ·Post-money valuations for all 14 rounds
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Valuation timeline

10 marks · Jan 2012 – Sep 2026
Equity-Based Accelerator8 roundsPA Mark
log scale
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Funding history

14 rounds
DateRoundRaisedPost-money
Nov 2025Debt - General$178.5M
Oct 2025Later Stage VC
Feb 2025Later Stage VC
Oct 2024Secondary Transaction - Private
May 2022Series E$230.0M
Jan 2021Later Stage VC
+ 8 earlier rounds · a free account shows the full history

How Gusto's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Gusto, we compose those signals into the PA Mark — a weighted composite of 5 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked

What is Gusto worth?
Gusto's implied valuation is $6.3B, based on the PA Mark composite price of about $20 per share as of Sep 2026.
How much has Gusto raised?
Gusto has raised $929.8M in total funding across 14 recorded rounds.
When did Gusto last raise?
Gusto last raised in Nov 2025 (Debt - General), raising $178.5M.