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Google Capital Leads $60M Cloud ZenPayroll Funding

Google Capital led a $60 million Series B funding round for cloud-based payroll processing startup ZenPayroll. Emergence Capital Partners and Ribbit Capital also participated, along with existing investors General Catalyst, Kleiner Perkins Caufield & Byers, and Google Ventures. The company has now raised $86.1 million at a $560 million post-money valuation for the startup.

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