Compete, a Tel Aviv, Israel-based provider of a SaaS platform for real-time compensation and benefits benchmarking, raised $15M in Series A funding.
The round was led by Tiger Global with participation from Aleph and Vine Ventures.
The company intends to use the funds to expand into US and UK and bolster its global teams.
Led by CEO Amit Rapaport, Compete provides a SaaS solution with insights into complete compensation package data, including parental leave, work from home policies, and health benefits, to support hiring decisions, identify risks, improve retention and develop informed compensation policies. The system provides real-time data and instant analysis with advanced filtering capabilities tailored for tech companies, including Ocrolus, Monday.com, Appsflyer, Fiverr, and Lemonade.
The set of HR data includes gender, tenure, role to salary, signing bonus, annual bonus, stock options, equity, promotion cycles, and talent mapping. It also factors in dozens of benefits, including maternity and paternity leave, 401K policies, vacation policies, commission plans, and health benefits. The available data is in-depth and tailored according to seniority, technology roles such as how a back-end engineer compares to a mobile engineer, and numerous others.
FinSMEs
16/03/2022