![]() We've never seen it before and we don't expect to see it again. Employees will get a special stock grant that vests over one year. In return for a larger stake, investors will. ![]() These investors, along with Andreessen Horowitz, which made two investments in about six months, have already approved the agreement, Zenefits Chief Executive Officer David Sacks said in a statement on Thursday. Investors who will see their ownership rise include mutual fund Fidelity, Insight Venture Partners and private equity firm TPG, who took part in a $5. Zenefits' valuation by more than half to $2 billion from $4. ![]() The deal, a concession to investors in the firm's latest funding round, will boost the investors' combined stake to about 2. Scandal- hit Zenefits slashes own valuation as it cuts deal with investors.
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