Justworks is a private HR technology company that provides payroll, benefits, compliance support, and HR tools for small and growing businesses. Its platform is designed to help entrepreneurs manage core people operations in one system.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$1.43B
Unattributed, Nov 2023, Perplexity
UpMarket Estimate
$1.3B
Based on UpMarket valuation model
Previous Price
$2.0B
Series D Jan 2022
How to Invest in Justworks Through UpMarket
Justworks shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Justworks offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Nov 2023
Unattributed
$1.43B
Jan 2022
Series D
$2.0B
2021
Series C
2020
Series B
2015
Series A
Justworks Revenue and Growth
Annual revenue
Why Investors Are Watching Justworks
Growth Signal
Justworks raised $50M Series E; total funding hit $143M
Justworks closed a $50 million Series E in January 2020, led by Union Square Ventures and FirstMark Capital. The round lifted total funding to $143 million and PRNewswire called it the nation's fastest-growing HR technology company.
Competitive Moat
Cloud platform bundles payroll, benefits, HR and compliance
In its SEC filing, Justworks said it is a cloud-based software platform giving SMBs access to benefits, payroll, HR and compliance support in one place. That integrated PEO-style model combines software with dedicated customer service, raising switching costs.
Risk Factor
Justworks delayed its IPO in 2022 on market conditions
TechCrunch reported Justworks delayed its planned IPO in January 2022, saying it decided to wait because of market conditions. The company was still private after the move, highlighting reliance on capital-markets timing.
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No. As of March 2026, Justworks is a private company and does not trade on any public stock exchange. Accredited investors can access Justworks shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Justworks does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Justworks shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Justworks shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Justworks provides payroll, benefits, compliance support, and HR tools for small and growing businesses, generating $350M in 2024 revenue; it raised a $50M Series E that brought total funding to $143M — accredited investors can access Justworks stock through UpMarket.