OpenComp, a San Francisco, CA-based provider of compensation intelligence solutions, raised $20M in Series A funding.
The round was led by K5 Global and J.P. Morgan, with participation from TIME Ventures, 8VC, Circle Ventures and Mantis Ventures.
The company intends to use the funds to grow its compensation platform, operations, go-to-market and engineering talent.
Founded in 2021 by Thanh Nguyen and Nancy Connery, OpenComp empowers high-growth companies to make the best business decisions via compensation intelligence. The platform empowers customers to pay employees fairly and competitively with real-time compensation benchmarking, cross-organization compensation analysis and DEI evaluation tools. It is available for free for organizations up to 50 employees, with tiered pricing and services for other organizations based on size and needs.
More than 2,000 companies use OpenComp to attract and empower top talent, including Calm, DataRobot, Discord, DrChrono, Figma, Medium, Mosaic, Mux, and Reddit.
FinSMEs
25/02/2022