# Agora Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agora-solutions

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.getagora.com
- Total disclosed funding: $7.5M
- Latest round: Seed (May 6, 2021)
- Investors on record: 4

## About

Agora Solutions, Inc. is a leading provider of data-driven compensation management solutions that empower organizations with insights to optimize pay strategies and enhance employee engagement.Founded in 2020 and headquartered in San Francisco, US, Agora Solutions, Inc. specializes in compensation management. The company's services were enhanced significantly after being acquired by Payscale, Inc. in November 2022. The founder, Miles Hobby, has a history of involvement in building innovative tech companies. Agora Solutions has successfully completed 2 deals, with its latest funding round being a Seed round that raised USD 7.50 mn from investors including Crv, Better Tomorrow Ventures, Bling Capital, and Garage Capital, marking the total amount raised at USD 7.50 mn.Agora Solutions offers comprehensive compensation management solutions that provide organizations with data-driven insights throughout the employee lifecycle. Key products include Payscale Marketpay™, designed for large global enterprises to effectively manage complex pay structures, Payscale Payfactors which offers real-time compensation data and AI-driven workflows for businesses of all sizes, and Payscale Paycycle, which assists organizations in adjusting pay according to market trends. Their clientele spans various industries such as healthcare, financial services, and manufacturing, primarily operating in North America, Europe, and the Asia-Pacific region.Agora Solutions generates revenue through subscription-based contracts linked to its suite of compensation management solutions. Clients typically engage in annual subscriptions for tools like Payscale Marketpay™, Payscale Payfactors, and Payscale Paycycle, allowing continuous access to essential compensation analytics and data. This structured revenue model caters to a wide range of clients from small enterprises to Fortune 500 companies, focusing on delivering comprehensive insights that enhance pay strategies and employee satisfaction.Following the acquisition by Payscale, Agora Solutions plans to leverage Payscale's market expertise and resources to enhance its product offerings and significantly expand its customer base. The company's strategy includes the design and launch of new products tailored to evolving market demands. With recent funding from the Seed round, Agora aims to improve its solutions and expand into new geographic markets, which include increased presence in Europe and the Asia-Pacific region, by 2024. This strategic direction is aimed at solidifying its position in the compensation management landscape.

## Funding rounds

- Seed, May 6, 2021, $7.5M — CRV, Garage Capital, Bling Capital, Better Tomorrow Ventures

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed
- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Seed
- Better Tomorrow Ventures (https://capitalatlas.ai/funds/better-tomorrow-ventures) — Seed