according to .@parkerconrad - zenefits financing round is the largest SaaS funding since workday IPO, and A16Z large investment ever to date

After "crunching the numbers," Zenefits CEO and founder Parker Conrad told us:

  • This round is "actually the largest SaaS fund-raising, public or private, since Workday's IPO in 2012," he said. (At its initial public offering, Workday's market capitalization was about $4.5 billion. It's now worth $17 billion.)
  • This round is "the second-largest private financing for a cloud company ever, after Cloudera," he said. (Cloudera raised a $900 million Series F in 2014 from Intel.)
  • With the additional contribution to this round by Andreessen Horowitz, Zenefits has become the powerful venture capital firm's "single largest investment ever," he says.

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