Pave, a San Francisco, CA-based real time compensation platform that helps companies plan, communicate and benchmark against the market, raised $100 million in Series C funding, at a $1.6 billion valuation.
The round was led by Index Ventures with Partner Mark Goldberg taking a Board seat. Several new and existing investors also participated, including Andreessen Horowitz, YC Continuity Fund, LocalGlobe, Craft Ventures, Original Capital, Backend Capital and Contrary Capital as well as notable individuals including former LinkedIn CEO Jeff Weiner and former Facebook VP of HR Tudor Havriliuc.
The company also acquired Advanced-HR from Morgan Stanley. Based in San Francisco, Advanced-HR is a source for compensation data in the venture capital and private company ecosystem. Through its products, OptionDriver and OptionImpact, the company has expertise with compensation data and services. Over 3,900 companies and 290 top venture capital firms use Advanced-HR for compensation and equity benchmarking and planning.
Pave will leverage the capital infusion and acquisition to accelerate its global expansion.
Led by Founder and CEO Matt Schulman, Pave is a real-time compensation platform that helps companies effectively plan, communicate, and benchmark compensation. The company’s suite integrates with dozens of ATS, HRIS, and equity management tools, including Greenhouse, TriNet, BambooHR, Namely, Lever, ADP, Workday, Jobvite, Shareworks, Equity Edge Online, Carta, Rippling, Justworks, Paylocity, Sapling, Personio, Capdesk, Ledgy, and UltiPro.
FinSMEs
29/06/2022