Participated · Series A · Jan 2019

GoCo.io offers a flexible HR, benefits, and payroll platform designed to automate manual HR tasks for SMBs. The company emphasizes ease-of-use, customization, and support for existing processes, policies, and providers. In Q4 it launched its biggest-ever product release, which includes 50+ new integrations, an enhanced UI, and visual reports and insights. Leadership says the new funding will accelerate product innovation and client service while expanding its platform capabilities. GoCo doubled its full-time employee headcount over the past 24 months in preparation for growth and the product launch. Founded in 2015 and headquartered in Houston, GoCo serves customers nationwide. GoCo offers a web- and mobile-based all-in-one HR and benefits platform that combines employee onboarding, secure cloud document storage, eSignature workflows, time-off tracking, benefits enrollment, payroll sync and HR compliance reporting. Founded in 2015 and headquartered in Houston, TX, the company says it serves thousands of employer customers across retail, gym franchises, school districts, technology companies, real estate brokerages, healthcare and hospitality. Over the past two years GoCo reports a 10x increase in individual users and plans to quadruple headcount in 2019 to support growth. The platform auto-syncs with payroll providers including ADP, Paychex, Paylocity and Intuit QuickBooks and maintains partnerships with benefits agencies such as OneDigital and PayneWest and general agencies like Word & Brown. GoCo plans to use new capital for hiring across all departments, further platform development to extend offerings, and broad customer expansion, including exploring a distribution partnership with UpCurve to access New Media's customer network. The company has raised $12.5 million in total funding and counts investors including Salesforce Ventures, the venture arm of Guardian Life Insurance, Digital Insurance and ATX Seed Ventures.