Fenwick & West represented Gusto, the people platform that helps small businesses take care of their teams, in its $200 million Series D financing. Leading late-stage investor Fidelity Management & Research Company and the dedicated sustainable investor Generation Investment Management joined existing Gusto investors Dragoneer Investment Group, General Catalyst and those advised by T. Rowe Price Associates, Inc. in the round.
The investment will be used to double down on research and development as Gusto continues the expansion of the company’s people platform, enabling small business owners and operators to onboard their employees, pay them, provide health insurance and support their teams all in one integrated solution. Gusto will also continue growing its team in Denver, San Francisco and New York. More information about Gusto’s $200 million Series D financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate lawyers Faisal Rashid, Ryan Slunaker and Nam Kim, with critical support from Ran Ben-Tzur and Ashley Walter.