On July 31, 2018, ZenPayroll, Inc. closed the transaction. The company has received its series C round of funding from 29 investors. The transaction was led by new investors T. Rowe Price Group, Inc., Y Combinator Continuity Fund I, L.P., a fund managed by Y Combinator Management LLC, MSD Capital, L.P., and existing investor General Catalyst Partners. The transaction also included participation from Dragoneer Investment Group, LLC, existing investors General Catalyst Partners, CapitalG, Kleiner Perkins Caufield & Byers, 137 Ventures, Emergence Capital Partners, and other investors. The round is raised at a post-money valuation of $2,000,000,000. The company has received $135,072,837 pursuant to Regulation D. The minimum investment accepted from any outside investor is $253,022.