Aeqium Raises Funding

aeqium

Aeqium, a San Francisco, CA-based provider of an automated total compensation management platform, raised a seed funding round of undisclosed amount.

Vestigo Ventures coinvested with Ridge Ventures in the round.

Co-founded by Peter McKee, Dwijen Patel, and Jared Katz Aeqium provides a platform that automates manual workflows and gives compensation decision makers the insight they need to make collaborative decisions on everything from cyclical reviews and headcount planning to comp bands and pay equity.

The system provides a unified view for understanding compensation by pulling data from disparate HR and finance systems via HRIS, payroll, stock, and ATS integrations. It proactively surfaces pay issues like employees who are below target on stock-based compensation – problems that might otherwise go uncaught or require significant manual effort to identify.

Clients include Braze, Hopper, and WHOOP.

FinSMEs

13/03/2023