# Barley

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/barley

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.barley.io
- Total disclosed funding: $4M
- Latest round: Seed (Mar 8, 2023)
- Investors on record: 2

## About

Based in Ontario, Canada, and co-founded by Jafar Owainati (CEO) and Billy Mainguy (CPO) in 2021, Barley Inc. operates as a software development company offering a compensation management platform. In March 2023, the firm raised USD 4 million in seed funding led by investor Golden Ventures, with participation from another investor Union Capital. 

The company through its compensation management software, which can be integrated with HRIS (HR information system) and ATS (applicant tracking system), enables companies to structure and create consistent salary ranges, conduct pays equity analysis, and manage compensation and salary reviews. The products offered by the company include Pay Bands to build and visualize clients' pay structure, Pay Equity to monitor equity dashboard and analysis, and Comp reviews to plan and execute compensation reviews. Barley also offers a market data product called candidate benchmarking that captures and reports real-time market salary benchmarks and candidate compensation expectations.

The company plans to utilize its March 2023 funding to further develop its product and recruit more go-to-market personnel.

## Funding rounds

- Seed, Mar 8, 2023, $4M — Golden Ventures, Union Capital

## Investors

- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Seed
- Union Capital — Seed