ZenPayroll, Inc. announced that it has received $200 million in funding from Dragoneer Investment Group, LLC, General Catalyst Group Management, LLC, T. Rowe Price Group, Inc., Fidelity Management & Research Company LLC, Generation Investment Management LLP
July 23, 2019
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ZenPayroll, Inc. announced that it has received $200 million in an equity round of funding co-led by new investors Generation Investment Management LLP and Fidelity Management & Research Company on July 24, 2019. The transaction also included participation from returning investors Dragoneer Investment Group, LLC, General Catalyst Partners and T. Rowe Price Group, Inc. (NasdaqGS:TROW). The round was raised at a post-money valuation of $3.8 billion.
T. Rowe Price Group, Inc. is an investment management company that provides investment advisory services to individual and institutional investors, retirement plans, and financial intermediaries. The group manages a broad range of American and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.
T. Rowe Price Group also provides investment advisory clients with related administrative services, including mutual fund transfer agent, accounting and shareholder services, participant recordkeeping and transfer agent services for defined contribution retirement plans, discount brokerage, and trust services.
At the end of 2023, the group had USD 1,444.5 billion in assets under management.
ZenPayroll, Inc. announced that it has received $200 million in funding from Dragoneer Investment Group, LLC, General Catalyst Group Management, LLC, T. Rowe Price Group, Inc., Fidelity Management & Research Company LLC, Generation Investment Management LLP
T. ROWE PRICE GROUP INC. 
