# Pave

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

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.pave.com
- Total disclosed funding: $170M
- Latest round: Series C (Jun 28, 2022)
- Investors on record: 14

## About

Pave is a compensation management software company that provides organizations with real-time compensation data and predictive insights to optimize their pay strategies and enhance HR operations.Founded in 2019 and headquartered in San Francisco, US, Pave specializes in compensation management software. The company has successfully raised USD 100.00 mn in its latest funding round, the Series C, led by Index Ventures, with participation from several notable investors. The founders of Pave include Matt Schulman, Pavle Vlastimirovic, and Richard Stolls, with Schulman also serving as the CEO. To date, Pave has completed a total of 7 deals, with the most recent being on June 28, 2022. The total amount raised by Pave amounts to USD 100.00 mn, giving it a current valuation of USD 1,600.00 mn.Pave specializes in compensation management software designed to empower organizations with real-time compensation data and predictive insights. Its core product offerings include tools for compensation benchmarking, market pricing, compensation planning, and total rewards portals, which facilitate automated salary range development and streamlined merit cycle management. Pave's platform aggregates compensation data from over 8,000 companies globally, allowing users to make informed pay decisions based on industry standards. The software serves a diverse clientele ranging from startups to large enterprises, addressing the complexities of modern compensation strategies for HR and total rewards professionals across North America, Europe, and Asia-Pacific.Pave generates revenue through a subscription-based model that grants clients access to its suite of compensation management tools. Clients engage with Pave by subscribing to various service tiers, including free access to basic compensation data and premium plans with advanced features and insights. The transactions follow systematic billing cycles based on the chosen subscription level, with clients utilizing Pave's tools to enhance their compensation strategies. Key offerings such as Market Data Pro and Compensation Planning provide value at different growth stages for users, ensuring effective management and optimization of their compensation ecosystems.Pave intends to leverage the recent funding of USD 100.00 mn from its Series C round to support the development of new products and expand into additional markets. The company is actively working on enhancing its compensation management tools, with plans for new product features expected to be rolled out in the next 12 months. Geographic expansion is also a key focus, particularly targeting markets in Europe and Asia-Pacific by the end of 2023, to better serve its growing global client base.

## Funding rounds

- Series C, Jun 28, 2022, $100M — Index Ventures, Andreessen Horowitz, Y Combinator, LocalGlobe, Craft Ventures, Contrary, Backend Capital, Original Capital
- Series B, Aug 10, 2021, $46M — Bessemer Venture Partners, Andreessen Horowitz, Y Combinator
- Series A, Sep 5, 2020, $16M — Bessemer Venture Partners, Andreessen Horowitz, Y Combinator, Bezos Expeditions, Dash Fund
- Series A, Apr 12, 2016, $8M — RPM Ventures, Maxfield Capital, Seer Capital

## Investors

- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Series A
- Maxfield Capital (https://capitalatlas.ai/funds/maxfield-capital) — Series A
- Seer Capital — Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B, Series C
- Bezos Expeditions — Series A
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Series A
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series C
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series C
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series C
- Contrary (https://capitalatlas.ai/funds/contrary) — Series C
- Backend Capital (https://capitalatlas.ai/funds/backend-capital) — Series C
- Original Capital (https://capitalatlas.ai/funds/original-capital) — Series C