Fenwick & West LLP represented ZenPayroll, Inc., a leading modern, cloud-based payroll provider, in its recently announced $20 million Series A financing from General Catalyst Partners and Kleiner Caufield & Byers. As part of the investment, Hemant Taneja, managing director at General Catalyst, will be joining the ZenPayroll board of directors. The company has raised a total of $26.1 million in funding to date.
The new round will be used to accelerate the company’s rapid growth, expand coverage to new geographies and grow its team. More information about ZenPayroll’s $20M Series A financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Ted Wang; and corporate associates Ryan Slunaker and Liza Kostinskaya.