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Opencomp Closes $20M In Series A Funding To Bring Compensation Intelligence To High-Growth Companies

Feb 24, 2022•over 3 years ago

Amount Raised

$20 Million

Round Type

series a

San Francisco

Description

OpenComp, a leading provider in compensation intelligence solutions, today announced it has closed $20 million in Series A funding, led by K5 Global and J.P. Morgan, with returning investor TIME Ventures (the investment fund for Marc Benioff) and additional investors 8VC, Circle Ventures and Mantis Ventures. The funding will help grow the company’s compensation platform, operations, go-to-market and engineering talent.

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.

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