News Summary

• Last month, Gusto, a payroll and HR software company, announced that it agreed to acquire Guideline, a startup offering retirement plans to small and medium businesses.
• The terms of the deal weren’t disclosed, but Gusto paid approximately $600 million, according to a source familiar with the deal.
• Guideline was last valued at $1.15 billion in 2021 when it raised a $200 million Series D funding round.
• Since its founding in 2015, it has raised a total of $340 million.