Total amount raised
$13.9 Millions
Latest funding date
01/01/2024
Location
Title
Compa has successfully raised significant funding to support its innovative compensation intelligence platform. The company offers a suite of products designed to provide real-time insights into market data, stock practices, and offer trends.
Keep reading to explore the intricacies of Compa's fundraising journey and the investors backing this cutting-edge platform.
What Is Compa?
Compa, founded in 2020, is headquartered in San Francisco. The company specializes in providing compensation intelligence solutions through a software-delivered market data platform.
Founded by Charlie Franklin and Tom McMullen, Compa offers tools to spot market changes, check competitive risks, and drive smart compensation decisions. Their products include Benchmarks, Offer Intelligence, Stock Intelligence, Skills, Data & Matching, and Privacy & Security.
With a team of over 50 employees, Compa continues to innovate in the field of compensation intelligence, helping businesses make informed decisions about their compensation strategies.
How Much Funding Has Compa Raised?
- Seed Funding Round
- Amount Raised: $3.9 million
- Date: August 26, 2021
- Lead Investors: Base10 Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and develop additional products to make compensation fair and competitive for everyone.
- Series A Funding Round
- Amount Raised: $10 million
- Date: January 29, 2024
- Lead Investors: Storm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Compa’s network of participating companies, enhance its compensation intelligence platform, and develop additional products to address complex compensation topics.
Compa has raised a total of $13.9 million in funding. The current valuation is not publicly disclosed.
Key Investors
- Storm Ventures
- Details: Storm Ventures is a venture capital firm that led Compa's Series A funding round. They specialize in early-stage investments in enterprise software companies.
- Investment Focus Areas: Enterprise software, SaaS, cloud computing
- Notable Investments: Marketo, MobileIron, Talkdesk
- Base10 Partners
- Details: Base10 Partners is a venture capital firm that led Compa's seed funding round. They focus on startups that are part of the ESG (Environmental, Social, and Governance) megatrend.
- Investment Focus Areas: Automation, fintech, logistics
- Notable Investments: Figma, Notion, Handshake
- Penny Jar Capital
- Details: Penny Jar Capital participated in Compa's Series A funding round. They are known for investing in technology and innovation-driven companies.
- Investment Focus Areas: Technology, innovation, startups
- Notable Investments: Not publicly disclosed
- HR Tech Investments (an affiliate of Indeed)
- Details: HR Tech Investments is an affiliate of Indeed that participated in Compa's Series A funding round. They specialize in human resources technology.
- Investment Focus Areas: HR technology, recruitment, employee management
- Notable Investments: Not publicly disclosed
- Acadian Ventures
- Details: Acadian Ventures participated in both Compa's seed and Series A funding rounds. They focus on early-stage technology companies.
- Investment Focus Areas: Early-stage technology, SaaS, enterprise solutions
- Notable Investments: Not publicly disclosed
What's Next for Compa?
Compa stands at the cusp of significant growth, driven by the increasing demand for real-time compensation data. With a 10x revenue increase and 793% data network growth across 17 countries in 2023, the company is poised to expand its network and enhance its platform. The opportunity to develop new products addressing complex compensation topics like stock-based compensation and skills is vast.
Future fundraising rounds seem likely as Compa continues to scale its operations and technology. The recent $10 million Series A funding indicates strong investor confidence, paving the way for potential acquisitions to broaden its market reach. However, challenges such as market volatility and ensuring data accuracy remain. Competing with other compensation data providers will also test Compa's resilience and innovation.
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