Profile
ADP Invest is a corporate venture arm headquartered in Roseland, New Jersey. It was established by ADP, a prominent human resources management software and services provider. The firm leverages its extensive industry experience and expertise in HR solutions to identify promising startups that align with its strategic interests. A dedicated team of professionals focuses on scouting innovative companies that can benefit from ADP's resources and networks.
ADP Invest primarily targets investments in technology sectors that complement its core offerings, such as AI, HR Tech, and SaaS. The firm participates in various stages of investment, typically from Series A onwards, and focuses on regions within North America primarily. The firm does not disclose its check sizes publicly.
Notable investments by ADP Invest include companies such as ZipRecruiter - a recruitment platform, ClearCompany - talent management software, and Lumity - a benefits management tool. These investments are part of ADP's broader strategy to enhance its product and service offerings through strategic partnerships and technological advancements.
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