Pequity, a San Francisco, Calif. – based intelligent compensation platform that allows companies to create fair and competitive compensation programs, closed a $19m Series A funding.
The round was led by Norwest Venture Partners with participation from First Round Capital, Designer Fund, and Scribble Ventures.
The company intends to use the funds to continue investing in product development and expand its hiring.
Founded by Kaitlyn Knopp & Warren Lebovics, Kaitlyn Knopp, Pequity provides companies with a platform to attract and retain talent by automating HR workflows from offer to signing to promotion and beyond. The platform helps HR & compensation leaders centralize their workflows and create competitive compensation programs based on real-world data on industry ranges, market trends, and internal peer compensation. It integrates with existing HR software, specifically HRIS, ATS, and payroll companies.
Since launching last year, more than 100 tech companies – including Instacart, Scale.ai, and ClearCo – have used Pequity’s compensation platform to make more than 5,000 job offers since February of 2021.
The company currently has 20 team members and expects to double its workforce by the end of 2021.
FinSMEs
23/06/2021