How Much Did Pave Raise? Headquarters, Funding & Key Investors

Pave, founded in 2019 and headquartered in New York City and San Francisco, has raised a total of $175 million across multiple funding rounds. Its funding includes a $890K Pre-Seed in March 2020, $16M Series A in December 2020 led by Y Combinator and Bezos Expeditions, $46M Series B in August 2021 backed by Andreessen Horowitz and Bessemer Venture Partners, and a $100M Series C in June 2022 led by Index Ventures, reaching a $1.6 billion valuation. Pave provides a cloud-based compensation management platform helping organizations benchmark salaries and optimize equity strategies globally.

How Much Did Pave Raise? Funding & Key Investors

Pave has raised significant capital across multiple funding rounds, totaling $175M, with backing from prominent investors including Bezos Expeditions and Hanover Capital. The company offers a cloud-based compensation management platform that empowers businesses to make data-driven pay decisions, benchmark salaries in real-time, and optimize equity and compensation strategies.

What Is Pave and What Does It Do?

Pave, founded in 2019 by Matthew Schulman, is headquartered in New York City and San Francisco, United States.

The company provides an end-to-end compensation management platform designed to fix the broken world of pay. Pave’s software enables companies to benchmark, analyze, and communicate compensation data effectively. Key features include Market Data, Benchmarking, Offer Insights, and Compensation Planning, all aimed at providing transparency and actionable insights.

With a team of 51–200 employees, Pave helps organizations make informed compensation decisions while building the world’s largest real-time compensation data platform.

How Much Funding Has Pave Raised?

1. Pre-Seed Round

Amount Raised: $890K
Date: March 2020
Lead Investors: Village Global, Dorm Room Fund, Amy Vavrunek, Ronald Mollinger, Pascal Cagni, Driss Ben Brahim, Sal Lahoud, Oren Bass, Justin Mitchell
Motivation: To build the initial version of their compensation management platform.

2. Series A Round

Amount Raised: $16 Million
Date: December 2020
Lead Investors: Y Combinator, Dash Fund, Bezos Expeditions
Motivation: Expand their API-powered network of real-time compensation benchmarking tools.

3. Series B Round

Amount Raised: $46 Million
Date: August 2021
Lead Investors: Andreessen Horowitz, Bessemer Venture Partners, Craft Ventures
Motivation: To expand services and grow the customer base.

4. Series C Round

Amount Raised: $100 Million
Date: June 2022
Lead Investors: Index Ventures
Motivation: To join the unicorn ranks and acquire Option Impact.

Total Funding Raised: $175 Million

Current Valuation: $1.6 Billion (as of Jun, 2022)

Latest Funding Date: 2024 (Grant/Prize Money, $96.8K)

Key Investors

1. Y Combinator

Details: Renowned startup accelerator providing seed funding, mentorship, and connections.
Investment Focus Areas: Early-stage startups, technology, healthcare, consumer products
Notable Investments: Airbnb, Dropbox, Stripe

2. Index Ventures

Details: Global VC firm investing in technology and life sciences companies. Led Pave’s Series C round.
Investment Focus Areas: Technology, life sciences, seed to growth-stage companies
Notable Investments: Dropbox, Robinhood, Revolut

3. Andreessen Horowitz

Details: VC firm specializing in technology and software companies.
Investment Focus Areas: Technology, software, internet companies
Notable Investments: Facebook, Airbnb, Slack

4. Bessemer Venture Partners

Details: VC firm investing across early to growth-stage companies in multiple sectors.
Investment Focus Areas: Cloud computing, cybersecurity, consumer, healthcare
Notable Investments: LinkedIn, Shopify, Pinterest

5. Craft Ventures

Details: VC firm focusing on early and growth-stage technology companies.
Investment Focus Areas: SaaS, consumer, fintech
Notable Investments: SpaceX, Bird, Reddit

Where Is Pave’s Headquarters?

Pave is headquartered in New York City and San Francisco, United States, providing access to top-tier talent and a robust technology ecosystem for HR and compensation management solutions.

What’s Next for Pave?

Pave is well-positioned to leverage the growing demand for compensation management solutions, especially with the acquisition of Option Impact and partnerships like Morgan Stanley at Work.

The company aims to expand globally, enhance its platform capabilities, and support organizations navigating remote work and distributed teams. Challenges include integrating acquisitions and staying ahead in a competitive HR tech market, but Pave’s strong funding, strategic partnerships, and data-driven approach provide a solid foundation for growth.

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