ADP Corporate Ventures

What they do

ADP Ventures operates a dual model as both an internal venture builder and a strategic corporate venture capital fund. For nearly a decade, it functioned primarily as an experimental product lab, successfully incubating 10 internal businesses that now collectively generate nine-figure annual recurring revenue (ARR) for ADP. In October 2023, the unit expanded to include a dedicated CVC arm to invest in external startups. ADP Ventures is highly regarded in the ecosystem for providing founders with unparalleled go-to-market distribution, leveraging ADP's massive network of over 1 million enterprise clients worldwide.

What they look for

ADP Ventures invests in and partners with early- and growth-stage companies innovating at the intersection of workforce management, payroll, HR technology, data & analytics, and the future of work. Their mission is to identify emerging technologies that enhance ADP's core Human Capital Management (HCM) offerings, extend into HCM-adjacent areas, and introduce new capabilities beyond traditional HCM.

Stage

Seed, Series A, Series B+

Sectors

HR and recruiting, Fintech, AI, SaaS, Healthcare

Based

New York, US