Paylocity gets venture payroll of $10M
Paylocity, a startup that provides payroll and human services software, has raised $10 million at a valuation of more than $60 million, according to VentureWire.
The Arlington Heights, Ill.-based company has been boostrapped since it was founded in 1997, and it has 180 employees and almost 3,500 customers. Paylocity’s WebPay software allows customers to calculate paychecks, do direct deposits and more.
The funding comes from Adams Street Partners.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.