Diligence memo · auto-generated · as of July 2, 2026
Gusto, Inc.
Gusto, Inc. has raised $756M over 7 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Gusto, Inc. operates in Insurance, based in SAN FRANCISCO, CA, USA. Provides growing businesses with everything to take care of their team
Sub-sector tags: B2B, Health Insurance, Payroll, hr/worktech, insurance.
Capital & rounds (filed)filed
Gusto, Inc. has raised $756M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $188M on 2019-07-16.
Most recent recorded round closed around 2021-07-15.
Valuation (modeled)modeled
Provath models Gusto, Inc. at approximately $1.7B (range $648M–$3.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 5.0 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Insurance peers (146 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Cityblock Health, Inc..
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.