# PTO

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.ptoexchange.com
- Total disclosed funding: $9.1M
- Latest round: Seed (Mar 3, 2022)
- Investors on record: 7

## About

PTO Exchange is a platform dedicated to helping employees convert unused vacation time into valuable rewards, enhancing financial wellness and addressing concerns over unclaimed paid time off.PTO, Inc. was founded in 2013 in Seattle, US. The company provides a platform for employees to exchange their unused paid time off (PTO) for financial benefits, contributing to employee well-being. The founders, Greg Hatch, Rob Whalen, and Todd Lucas, have a history in developing employee-centric solutions. The latest funding round, a Seed round amounting to USD 5.4 million, was led by TTV Capital on March 3, 2022, with contributions from CFV Ventures, Fin Venture Capital, Forefront Venture Partners, Manifold Ventures, Springtime Ventures, and West River Group. This round raised the total amount raised by the company to USD 5.4 million, with a current valuation of USD 18.064 mn.PTO Exchange offers a unique platform that allows employees to convert unused vacation time into various rewards, including retirement contributions, student loan payments, and charitable donations. Their core product enables employees to exchange the monetary value of their PTO for financial benefits tailored to individual needs, promoting financial wellness while addressing the challenges of unused PTO, which affects many organizations across the US. The platform is utilized by organizations ranging from hospitals to corporate offices and is designed to assist employees who often feel pressured to forgo vacation time, with statistics showing that 83% of workers are interested in converting their PTO.PTO Exchange operates on a subscription-based model, offering services to organizations that implement their platform for employee benefits. Clients pay for access to the PTO Exchange platform, facilitating the conversion of PTO into financial rewards, thus enhancing employee engagement and retention. Revenue is generated from fees associated with exchanged PTO and partnerships with financial service providers, positioning the company to attract organizations interested in modernizing their benefits offerings, emphasizing flexibility and employee satisfaction.Following its recent Seed funding of USD 5.4 million in March 2022 led by TTV Capital, PTO Exchange plans to utilize this capital to fuel its growth initiatives. The company is focused on expanding its product offerings and enhancing the platform to better serve client needs. Additionally, there are plans to enter new geographic markets to broaden their reach, although specific regions and timelines for this expansion have not been detailed.

## Funding rounds

- Seed, Mar 3, 2022, $5.4M — TTV Capital, West River Group, Forefront Venture Partners, Springtime Ventures, Fin Capital, CFV Ventures, Manifold Ventures
- Seed, Nov 21, 2018, $3.6M — West River Group

## Investors

- West River Group — Seed
- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Seed
- Forefront Venture Partners (https://capitalatlas.ai/funds/forefront-venture-partners) — Seed
- Springtime Ventures (https://capitalatlas.ai/funds/springtime-ventures) — Seed
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed
- CFV Ventures (https://capitalatlas.ai/funds/cfv-ventures) — Seed
- Manifold Ventures (https://capitalatlas.ai/funds/manifold-ventures) — Seed