FirstMark Leads $40 Million Series D for Justworks

New York – April 9, 2018 – Cooley advised FirstMark Capital on leading Justworks’ recent $40 million Series D funding round, which also included participation from existing investors Index Ventures, Thrive Capital, Bain Capital and Redpoint Ventures. Partner Bo Yaghmaie headed the Cooley team advising FirstMark.

“Justworks has built a substantial business beloved by its customers, and they have only just scratched the surface of the products and services that they can offer,” said Beth Ferreira, managing director of FirstMark Capital, in a news release. “FirstMark Capital recognizes that mastering internal operations is a critical element to any company’s success and Justworks has only just begun to revolutionize the industry.”

According to the Justworks, the funding will assist it with ongoing market expansion and product innovation. As part of the transaction, Ferreira will join Justworks’ board of directors. Founded in 2012, Justworks changes the way businesses run, pioneering the most intuitive, responsive and affordable all-in-one HR, payments and benefits platform.

FirstMark is an early stage venture capital firm based in New York City. Its mission is to partner with exceptional entrepreneurs who are changing the world.

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Related Contacts
Babak Yaghmaie  Partner New York
Roy Moran  Associate New York