Salsa, a New York-based embedded payroll infrastructure provider, has raised $20 million in Series A funding, bringing its total funding to $30 million.
Investors
The round was led by Altos Ventures, with participation from Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures (BTV).
Altos Ventures is a Silicon Valley-based venture capital firm that manages over $7 billion in assets. Founded in 1996, it specializes in early- to growth-stage investments, focusing on technology companies in the consumer and enterprise sectors, particularly in SaaS, consumer, and mobile industries. Headquartered in Burlingame, California, Altos Ventures also has an office in Seoul, South Korea.
Use of Funds
The company will use the funds to enhance its platform's automation capabilities to streamline payroll processes further and provide more flexible solutions for industries with complex payroll needs.
About Salsa
Founded in 2021 by John Kramer and Juan Barroso, Salsa is a fintech company that provides embedded payroll infrastructure for software companies to build, launch, and operate fully integrated payroll products. Their infrastructure handles complex tasks like tax filing, compliance, and money movement, allowing platforms to launch payroll products quickly and scale efficiently. The company serves industries such as healthcare, personal services, and small business management, and operates across all 50 U.S. states and Canada.
Funding Details
Company: Salsa Software Inc.
Raised: $20.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Altos Ventures
Additional Investors: Greycroft, SemperVirens, Definition, Better Tomorrow Ventures
Company Website: https://www.salsa.dev/
Software Category: Embedded Payroll Infrastructure
Source: https://www.prweb.com/releases/salsa-lands-20m-series-a-to-make-embedded-payroll-seamless-for-software-providers-302433064.html