ZenBusiness Raises $55M Series B to Simplify Entrepreneurship for Micro Businesses
The Evolution of Small Business Formation
Gone are the days when starting a business simply required a storefront and a sign. Today’s entrepreneurs face complex regulatory hurdles and digital demands - from multi-state licensing to building an online presence. While various tools address individual pain points, few platforms offer comprehensive solutions tailored for micro businesses.
ZenBusiness: The All-in-One Solution for Modern Entrepreneurs
Founded by HomeAway veteran Ross Buhrdorf, ZenBusiness has emerged as a leader in integrated business services. The Austin-based public-benefit corporation recently announced a $55 million Series B funding round led by Cathay Innovation’s Alex Lazarow.
Key Growth Milestones:
- 2018: $4.5M seed round
- 2019: $15M Series A
- 2020: $55M Series B with participation from GreatPoint Ventures, Breyer Capital, and Omega Venture Partners
Pandemic-Driven Growth and Expansion
The COVID-19 crisis accelerated demand for ZenBusiness’s services as small businesses urgently needed:
- Digital transformation solutions
- Multi-state compliance support
- Remote operation capabilities
Impressive Metrics:
- 100% revenue growth in 2020
- 80,000+ small businesses launched on platform
- 150+ employees (with plans to add 100 more)
Enhanced Features and Financial Services
ZenBusiness continues expanding its offerings:
Platform Advancements:
- Third-generation website builder
- Expanded business tools and features
Financial Services Expansion:
- Launched ZenBusiness Money
- Acquired Joust Banking ($4.6M fintech startup)
- Integrated freelance financial services
- Appointed Joust co-founder Lamine Zarrad as SVP of Product
Customer-Centric Approach Sets ZenBusiness Apart
CEO Ross Buhrdorf emphasizes service excellence as a key differentiator:
“When you call us up, we answer right now within 60 seconds… We’re always on chat.”
Buhrdorf welcomes competition, stating: “We’re focused on delivering value to our customers and making them successful. With great service, we have the winning combination.”
Future Growth Plans
The new funding will support:
- Expansion of banking/financial services
- Enhanced educational resources for entrepreneurs
- Continued platform development
With its comprehensive approach and commitment to customer success, ZenBusiness is well-positioned to transform how micro businesses launch and grow in the digital age.
