June 18, 2014

Jared Leto's new role: Venture capitalist




June 3, 2014: 6:49 AM ET


Jared Leto is many things: 90s teen drama star, a powerful portrayer of a transgender AIDS patient, and now, a venture capitalist.

The Academy Award-winner is among the early investors in human resources automation company Zenefits, one of the hottest startups in Silicon Valley.

The year-old firm said Tuesday that it raised $66.5 million in its second round of financing, an impressive feat considering its first round just closed four months ago. It now has $84 million in funding.

Best known for his work on the show "My So-Called Life" and, more recently, "The Dallas Buyers Club," Leto is helping the company break into markets in the media industry, according to Zenefits CEO Parker Conrad.

Leto isn't a complete stranger to the startup universe. He's launched various business ventures in recent years, including a digital media and marketing company called The Hive, and VyRT, a live concert streaming service.

"He actually recognized this as something interesting from what he knew from starting his own businesses," Conrad said of Leto's desire to get involved with Zenefits.

But Zenefits isn't all Hollywood pizazz. The company also counts some of Silicon Valley's heaviest hitters as investors, including legendary venture capitalist Marc Andreessen, who took early stakes in Twitter (TWTR), Facebook (FB), and Zynga (ZNGA), among others.


Read more on CNN Money | Thanks to Rachel.


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