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OpenComp closes a $4.6M Seed Round of Funding to Help Companies Get Compensation Right with Powerful Cloud Platform

Mar 04, 2021•over 4 years ago

Amount Raised

$4 Million

Round Type

seed

San Francisco

Description

OpenComp has announced a successful close of a $4.6 seed round to support customer growth, led by TIME Ventures (the investment fund for Marc Benioff), Ev Williams from Medium, and early executives from Dropbox, Salesforce and Twitter. Since its soft launch in January, more than 580 companies have signed up for the cloud-based platform which helps companies develop winning compensation strategies.

Company Information

Company

Open Comp

Location

San Francisco, California, United States

About

OpenComp empowers high-growth companies to confidently make the best business decisions with compensation intelligence. More than 2,000 companies use OpenComp to attract and empower top talent in fair, consistent ways, including Calm, DataRobot, Discord, DrChrono, Figma, Medium, Mosaic, Mux, and Reddit. Founded in 2021 by Thanh Nguyen and Nancy Connery, Salesforce’s founding HR team, OpenComp has raised $24 million in venture capital from J.P. Morgan, TIME Ventures (the investment fund for Marc Benioff), 8VC and more. OpenComp is available for free for organizations up to 50 employees, with tiered pricing and services for other organizations based on size and needs. Sign up at www.opencomp.com and get connected at https://www.linkedin.com/company/opencomp-llc.