Gusto raises an extension round, following Faire as unicorns react to a changing market

Gusto, an HR technology unicorn worth nearly $10 billion, has raised an extension to its 2021-era Series E funding round. That funding event included $175 million in primary capital, a tranche of secondary shares and a tender offer. EquityZen first noted the new capital raise from Gusto based on its review of publicly available filings, which TechCrunch can confirm.
Precisely how much capital Gusto raised to extend its Series E is slightly more opaque; however, it appears to be around the $55 million mark.
That Gusto is raising money as an extension of its Series E, implying that it added the

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