Gusto, a SaaS company that provides cloud-based payroll, benefits, and human resource management solutions to small businesses, has announced earlier today that it raised $200 million in series D funding, at a valuation of $3.8 billion.

The San Francisco-based startup attracted new investors like Fidelity Management & Research Company, and Generation Investment Management while keeping its previous backers T. Rowe Price Associates Inc., Dragoneer Investment Group, and General Catalyst.

Read More: https://www.smallbizgenius.net/news/small-business-payroll-startup-gusto-raises-200-million/