But earlier this year the company disclosed that co- founder and then- CEO Parker Conrad had written a software program, called. The company offers human resources software for free to businesses and makes money acting as a health insurance broker, working as the middleman between businesses and providers such as Anthem Blue Cross, and charging a broker fee. We've never seen it before and we don't expect to see it again. Employees will get a special stock grant that vests over one year. In return for a larger stake, investors will. These investors, along with Andreessen Horowitz, which made two investments in about six months, have already approved the agreement, Zenefits Chief Executive Officer David Sacks said in a statement on Thursday. Investors who will see their ownership rise include mutual fund Fidelity, Insight Venture Partners and private equity firm TPG, who took part in a $5. Zenefits' valuation by more than half to $2 billion from $4. The deal, a concession to investors in the firm's latest funding round, will boost the investors' combined stake to about 2. Scandal- hit Zenefits slashes own valuation as it cuts deal with investors.
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