Paylocity gets venture payroll of $10M
May 16, 2008 | Anthony Ha
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.
Tags: co:Paylocity, inv:Adams-Street-partners
Anthony Ha writes about enterprise technology, cloud computing, tech policy, and random cool startups. Before joining VentureBeat in January 2008, he worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. Anthony attended Stanford University from 2001 to 2006, and now lives in San Francisco. Reach him at anthony@venturebeat.com.
