Gusto: The $3.8B HR suite startup disrupting the industry and culture

Cloud HR platform suite for small businesses, Gusto, prides itself on its uniqueness.

The company could easily push its “Software as a Service” story and lay claim to the SaaS buzzword; yet, CEO Josh Reeves told Yahoo Finance's “The Final Round” he sees Gusto differently.

“We would not describe ourselves as enterprise SaaS,” Reeves said. “We live and breathe as five, 10, 20 person companies.”

That focus on the HR needs of 6 million small businesses in the US, has attracted more than $500 million from A-list investors, including T. Rowe Price, Fidelity, and Al Gore's Generation Investment Management. Gusto is now valued at $3.8 billion after its latest fundraising round. Reeves sees an IPO as a question of “not if, but when.”

For him, “It's a matter of pros and cons. I don't have a timeline to share with you. But definitely with this capital and the folks involved, we have all the resources we need to just keep building products and serving the customer.”

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