Participating venture capital firms include. T. Rowe Price Associates, Y Combinator Continuity Fund, General Catalyst, MSD Capital (Michael Dell), Dragoneer Investment Group, CapitalG, Kleiner Perkins and others.

Gusto was recently named as the preferred payroll provider for Xero’s customers in the United States. The partners said they will develop deeper integration, expected to be completed by early next year with upcoming features including a single, sign-on to provides customers with the ability to access Gusto accounts using their Xero credentials.