The Zenefits Mafia

February 21, 2024
Tech Mafias

Zenefits is a company co-founded by Parker Conrad and Laks Srini that specializes in providing cloud-based software for human resource information management (HCIM). As a Software as a Service (SaaS) provider, Zenefits delivers a comprehensive platform designed to assist businesses in handling a variety of HR functions including benefits administration, payroll processing, regulatory compliance, paid time off management, and health insurance among other services.

Since its establishment, Zenefits has experienced rapid growth in the SaaS sector. Over 12,000 businesses have adopted Zenefits' cloud-based HR software, which is a testament to its success and the demand for efficient HR management solutions in the market.

Parker Conrad, Founder of Zenefits

The Zenefits Mafia

The Zenefits Mafia has founded 25 companies & raised $1.8 billion.

PS: Are you a Zenefits Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments? 😉

Learn more about us and join the waitlist here.

List of all the amazing companies covered : 

  • Rippling
  • CloudTrucks
  • ZeroDown
  • Carrot Fertility
  • TrueNorth
  • Noyo
  • DuploCloud
  • Harbor
  • Encamp
  • Gatsby
  • Traba
  • Living Carbon
  • SILQ
  • Mozart Data
  • Airhouse
  • Internal
  • BIK
  • Woflow
  • Viable
  • Trace
  • Rejoy Health
  • Fortunafi
  • Glide
  • Demox Labs
  • Cypher Wallet
  • Defintive
  • TrashLab Software
  • Truemed
  • SaaSGrid
  • Kindest


Founder: Parker Conrad, Prasanna Sankar

Zenefits Role: Co-Founder and CEO,  Director of Engineering

Capital Raised: $1.2B

Investors: Y Combinator

Stage: Secondary Market

Rippling is a human resource management company that manages employees’ payroll, benefits, devices, and apps.


Founder: Jin Shieh, Tobenna Arodiogbu

Zenefits Role: Director of Engineering, Product Manager

Capital Raised: $141.6M

Investors: Menlo Ventures

Stage: Series B

CloudTrucks develops a virtual trucking carrier application designed to reduce operating costs for truck drivers.


Founder: Abhijeet Dwivedi, Hariharasudhan Viswanathan, Laks Srini

Zenefits Role: Chief Strategy Officer, Senior Staff Engineer, Co Founder and CTO

Capital Raised: $136M

Investors: Y Combinator

Stage: Debt Financing

A real estate startup that focuses on providing an affordable homeownership solution.

Carrot Fertility

Founder: Juli Insinger

Zenefits Role: HR & Benefits Advisor, New Business

Capital Raised: $114.2M

Investors: CRV

Stage: Series C

Carrot Fertility is a fertility healthcare company for employers and health plans.


Founder: Jin Stedge

Zenefits Role: Manager, Strategy

Capital Raised: $62.1M

Investors: Y Combinator

Stage: Series B

TrueNorth offers software that helps truckers manage insurance, fuel, and maintenance.


Founder: Shannon Goggin, Dennis Lee

Zenefits Role: Product Management, Carrier Integration Manager, Carrier Relations

Capital Raised: $57.5M

Investors: Spark Capital

Stage: Series B

Noyo is a software company that provides digital infrastructure to bring health insurance with an API platform.


Founder: Venkat Thiruvengadam

Zenefits Role: Principal Engineer

Capital Raised: $49.5M

Investors: Mayfield Fund

Stage: Series B

DuploCloud offers an end-to-end DevOps software platform for dev teams that don’t have dedicated DevOps engineers and augments those that do.


Founder: Arisa Amano, Bob Remeika, Joshua Stein

Zenefits Role: Vice President Of Products, General Counsel & V

Capital Raised: $48M

Investors: Founders Fund

Stage: Corporate Round

Harbor is revolutionizing private securities using blockchain, enabling tokenized assets like real estate, equity, funds, and art.


Founder: Sam Jacobs

Zenefits Role: Sales Development Representative

Capital Raised: $47.2M

Investors: Drive Capital

Stage: Series C

Encamp automates environmental compliance, tracking hazardous materials and managing environmental data to ensure regulatory adherence.


Founder: Sam Bhagwat

Zenefits Role: Software Engineer

Capital Raised: $46.8M

Investors: Index Ventures

Stage: Series B

Gatsby is a software as a service open source web development tool and framework which is customizable and extensible for any purpose.


Founder: Akshay Buddiga

Zenefits Role: Product Operations Analyst

Capital Raised: $45.6M

Investors: General Catalyst

Stage: Series B

Traba is a marketplace that connects light industrial workers with businesses to fill open shifts.

Living Carbon

Founder: Maddie Hall

Zenefits Role: Product Manager

Capital Raised: $36M

Investors: Y Combinator

Stage: Series A

Living Carbon is a public benefit company on a mission to fight climate change by genetically enhancing CO2 capture and storage in trees.


Founder: Vishnu Nair

Zenefits Role: Senior Engineer

Capital Raised: $25.6M

Investors: F-Prime Capital

Stage: Debt Financing

Delivering in-factory inspections leading to improved freight consolidations.

Mozart Data

Founder: Peter Fishman

Zenefits Role: Vice President of Analytics & Growth

Capital Raised: $19.1M

Investors: Y Combinator

Stage: Series A

Mozart Data provides an out-of-the-box modern data stack.


Founder: Sarah Siwak

Zenefits Role: Marketing

Capital Raised: $16.5M

Investors: Village Global

Stage: Series A

Airhouse is an end-to-end fulfillment solution for ecommerce companies.


Founder: Arisa Amano, Bob Remeika

Zenefits Role: Vice President Of Products, VP Engineering

Capital Raised: $16M

Investors: Craft Ventures

Stage: Series A

Internal is a no-code software that helps companies resolve customer issues.


Founder: Ashutosh Singla

Zenefits Role: Software Engineer

Capital Raised: $12.8M

Investors: Y Combinator

Stage: Series A

BIK is an intelligent marketing platform helping brands to drive ROI with the power of conversations.


Founder: Will Bewley

Zenefits Role: Product Operations

Capital Raised: $10.9M

Investors: Craft Ventures

Stage: Series A

Woflow is a merchant data platform that automates catalog digitization in the onboarding process through an API.


Founder: Jeffrey Erickson

Zenefits Role: Director of Product

Capital Raised: $10.9M

Investors: Craft Ventures

Stage: Seed

Viable develops a qualitative AI designed for business teams.


Founder: Matthew Gonzalez, Mike Gonzalez

Zenefits Role: Sales Team Lead, Financial Products, Vice President, Finance & Strategy

Capital Raised: $8.3M

Investors: Greylock

Stage: Seed

Trace streamlines finance, talent, and HR collaboration, offering easy headcount and spend management for improved productivity and insights.

Rejoy Health

Founder: Rituraj Yadav

Zenefits Role: Senior Software Engineer

Capital Raised: $7.1M

Investors: Y Combinator

Stage: Series A

It is an AI powered platform to manage musculoskeletal conditions.


Founder: Nicholas Garcia

Zenefits Role: Finance and Strategy

Capital Raised: $6.4M

Investors: Vine Ventures

Stage: Seed

Fortunafi brings institutional yield products to DeFi by rebuilding the capital markets stack from the ground up.


Founder: Henry Liu, Sebastian Tonkin

Zenefits Role: VP Engineering, Core Platform, Director of Growth

Capital Raised: $6.1M

Investors: Global Founders Capital

Stage: Seed

Glide is a software development company for buying and selling homes.

Demox Labs

Founder: Barron Caster, Itai Turbahn

Zenefits Role: Product Operations, Senior Director of Product Management

Capital Raised: $4.5M

Investors: CRV

Stage: Pre-Seed

Demox Labs develops a decentralized, trustless oracle protocol for the connection of smart contracts to any off-chain data source.

Cypher Wallet

Founder: Kuberan Marimuthu

Zenefits Role: Staff Engineer/Tech Lead Manager

Capital Raised: $4.3M

Investors: Y Combinator

Stage: Seed

Cypher Wallet is a multi-chain crypto wallet focused on EVM+Cosmos chains with an in-built bridge and a non-custodial crypto debit card.


Founder: Dennis Qian

Zenefits Role: Staff Software Engineer

Capital Raised: $4.1M

Investors: BlockTower Capital

Stage: Seed

Definitive offers a financial management platform with cryptocurrency features and AI-powered customer support.

TrashLab Software

Founder: John Tan

Zenefits Role: Senior Software Engineer

Capital Raised: $4M

Investors: Harlem Capital Partners

Stage: Seed

TrashLab Software uses modern technology to improve the daily operations of haulers.


Founder: Calley Means

Zenefits Role: Operations Strategy

Capital Raised: $3.5M

Investors: Mark Hyman

Stage: Seed

TrueMed facilitates HSA/FSA payments for health businesses, with easy setup in under 30 minutes, no engineering needed.


Founder: Ethan Ruby

Zenefits Role: Business Operations

Capital Raised: $3.3M

Investors: Craft Ventures

Stage: Seed

SaaSGrid provide the insights SaaS executives require to make the most essential business choices.


Founder: Holly McKay

Zenefits Role: Sales Executive

Capital Raised: $2.4M

Investors: Precursor Ventures

Stage: Seed

Kindest takes the stress off fundraising so nonprofits can focus their resources on achieving their mission.

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