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ZenPayroll Raises $20 Million in Series A Funding

Cloud payroll software developer ZenPayroll, Inc., a leading modern, cloud-based payroll provider, announced today that it has raised a $20 million Series A round of financing from General Catalyst Partners and Kleiner Perkins Caufield & Byers (KPCB). Also, aAs part of the Series A financing, Hemant Taneja from General Catalyst will be joining the ZenPayroll Board of Directors. ZenPayroll is used by small businesses around the country, and now processes more than over $400 million in payroll annually.