Salary.com, a Waltham, MA-based compensation solution provider, secured $67M in funding.
The round was led by Accel-KKR Credit Partners, Centre Lane, and Wells Fargo Capital Finance. Prior investors H.I.G. Capital and Salary.com management also participated.
The company intends to use the new capital to accelerate innovation and expand hiring efforts.
Led by Kent Plunkett, Founder & CEO, Salary.com provides a SaaS compensation market data, software, and analytics platform to 30,000 survey participant organizations, over 8,000 business-to-business software subscribers, and over 45 million employees globally.
The CompAnalyst® SaaS platform accelerates compensation workflows, delivers real-time data, and powers equitable, and competitive compensation. In addition, the company recently launched a series of new products, including the Pay Equity Reporting Toolkit and JobArchitect™, which streamlines the job description management process.