Compa, a Newport Beach, CA-based compensation market data provider, has raised $10 million in Series A funding.
SaaS Investors
The round was led by Storm Ventures, with participation from Penny Jar Capital, HR Tech Investments, NJP Ventures, Base10 Partners, and Acadian Ventures.
Founded in 1997 and based in Menlo Park, California, Storm Ventures is an early-stage B2B-focused venture firm. The firm prefers to invest in early-stage companies operating in business-to-business, data infrastructure, digital health, engineering, government and legal technology, human resources, workforce, information technology, marketing, robotics as a service, sales, security, and vertical software as a service, sectors.
Compa Use of Funds
The company will use the funding to expand its network of participating companies and enhance its compensation intelligence platform.
About Compa
Founded in 2020 by Charlie Franklin, Taylor Cone, and Joe Malandruccolo, Compa provides a real-time source of compensation data, enabling companies like Airbnb and Marvell Technology to swiftly adapt to market trends. The platform aggregates and offers data across a network of participating companies to help compensation teams detect market changes faster and adapt strategies. Compa's mission is to make compensation fair and competitive for everyone. Customers include Airbnb, NVIDIA, Stripe, Instacart, Block, DoorDash, Autodesk, and more leading enterprise companies.
Funding Details
Company: Compa Technologies, Inc.
Raised: $10.0M
Round: Series A
Funding Month: January 2024
Lead Investors: Storm Ventures
Additional Investors: Penny Jar Capital, HR Tech Investments, NJP Ventures, Base10 Partners, and Acadian Ventures
Company Website: https://www.trycompa.com/
Software Category: Compensation Intelligence Platform
Source: https://www.businesswire.com/news/home/20240129797434/en/