The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

pave.com

Founded Year

2019

Stage

Series B | Alive

Total Raised

$62.98M

Valuation

$0000 

Last Raised

$46M | 9 mos ago

About Pave

Pave develops a suite of compensation tools that help companies, primarily startups, plan and communicate total compensation.

Pave Headquarter Location

25 Taylor St 627

San Francisco, California, 94102,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Pave

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Pave in 1 CB Insights research brief, most recently on Aug 13, 2021.

Expert Collections containing Pave

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pave is included in 3 Expert Collections, including Fintech.

F

Fintech

7,344 items

US-based companies

F

Fintech 250

250 items

250 of the top fintech companies transforming financial services

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

Latest Pave News

Pave gets Y Combinator to back better startup compensation tools, again

Aug 11, 2021

Pave, a San Francisco-based startup that helps companies benchmark, plan and communicate compensation to their employees, has raised a $46 million Series B. YC Continuity led the round, which also saw participation from Andreessen Horowitz and Bessemer Venture Partners. The round comes eight months after Pave closed a $16 million Series A round . Today’s financing puts Pave’s valuation at $400 million, up from $75 million one year ago. Pave launched with an ambitious goal: Can it measure pay across venture-backed tech companies in real time, and help startups move their comp table off of spreadsheets? AngelList and Glassdoor have already tried to build a similar benchmark-worthy data set, but Pave may have a built-in advantage over the companies that tried to fix the same problem before. Y Combinator, which helped incubate Pave and is now leading its most recent round through its later-stage capital vehicle, is one of the largest startup accelerators in the world. Of Pave’s 900 customers to date, one-third come from Y Combinator, and CEO Matthew Schulman only sees that number growing. “Having YC’s deep support of Pave as the YC-stamped leader in the burgeoning [compensation technology] industry is and will continue to be game changing for our distribution and ability to have ample data coverage in our benchmarking product,” Schulman said. He compared Pave’s distribution trajectory as similar to what fintech company Brex, also backed by Y Combinator Continuity, managed. The founder estimates that 60% of YC companies are active Brex customers. The reliance on YC could engender platform risk, considering how often the accelerator invests in competitors — often within the same batch. That said, an investment from Y Combinator Continuity, which does Series B rounds and higher, may be a signal that YC has found the comptech player it wants to back. Ali Rowghani, the managing director of the fund and former COO of Twitter, is joining Pave’s board. Data is everything for the startup, supporting each of Pave’s three main services that it offers to companies. First, Pave uses market and partner data to help companies benchmark salaries for their employees. Second, the startup integrates with HR tools such as Workday, Carta and Greenhouse to give its customers a holistic picture on how employees are currently being compensated, and what makes sense for promotion cycles and salary bumps. And third, the data work culminates into formal offers and compensation packages that employers can then offer to new and old employees. Pave’s current customers account for data on over 65,000 employee records. The first product serves as a free top of funnel service, while the last two are paid services offered up like any ol’ enterprise software contract. The world of compensation is rife with inequity, leading to the gender wage gap, and the gaps we can see in the market regarding minority pay disparity. Schulman views one of Pave’s goals as getting companies to go from doing their D&I analysis from once a year, to doing it consistently. The company plans to build diversity and inclusion-specific dashboards that allow companies to see inequities and access ways or suggestions to improve their breakdown. “What gets measured, gets improved,” Schulman said. Pave has begun to track its own compensation and diversity metrics, in an effort to be more transparent with its employees and maybe inspire some companies to do the same. About 33% of Pave’s workforce identify as women, compared to an industry average of 28.8%. Half of Pave’s executives, and half of Pave’s board members, identify as women. The company has committed to having 50% of its client-facing roles, which include customer success managers and sales members, “to be female or persons from underrepresented groups.” While Pave is starting to disclose its own internal benchmarks, transparency around diversity isn’t yet a standard within tech companies — it’s far easier to get valuations than to get specifics around the makeup of historically overlooked individuals within organizations. Pave recently launched the Pave Data Lab, which uses its data set to showcase compensation trends and inequities within how tech workers are paid. That said, Pave doesn’t currently require the companies it works with to upload gender and race information into their benchmarking tool, and didn’t disclose what specific percentage of companies on its platform share that data. It is hoping noise will make a difference. Pave’s compensation benchmarking data is now free for all companies to use, which will bring more data underneath its umbrella, and more standards to the confusing world of compensation.

Pave Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Pave Rank

  • When was Pave founded?

    Pave was founded in 2019.

  • Where is Pave's headquarters?

    Pave's headquarters is located at 25 Taylor St, San Francisco.

  • What is Pave's latest funding round?

    Pave's latest funding round is Series B.

  • How much did Pave raise?

    Pave raised a total of $62.98M.

  • Who are Pave's competitors?

    Competitors of Pave include SteadyPay and 7 more.

You May Also Like

Carta Logo
Carta

Carta offers a suite of cloud services that simplify the administrative work involved in funding rounds, employee stock compensation, and related transactions. The platform helps private companies to streamline how to manage equity from founding to IPO, public companies to track employee and non-employee equity in one place, and investors to modernize how they manage their portfolio and back office.

Upstock Logo
Upstock

Upstock offers a platform that allows company founders to share ownership in their companies.

EquityZen Logo
EquityZen

EquityZen connects shareholders of private companies with investors seeking alternative investments.

SecFi Logo
SecFi

SecFi provides financing to option holders and shareholders of late-stage private companies without having to sell those shares. For option holders, SecFi's financing covers all the exercise cost and federal and state taxes.

EquityBee Logo
EquityBee

EquityBee enables startup builders, the employees, to exercise their stock options which allows them to benefit from the value they’ve created while employed at the company.When they are about to leave their company, and have a time-sensitive decision regarding their Employee Stock Options Plan (ESOP), EquityBee is there to help.

W
Welcome

Welcome offers a platform that streamlines offer creation and collaboration to help teams run a consistent and effective closing process, help recruiting teams explain total compensation through its digital offer experience, and integrate its real-time compensation and equity data to make better offers.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.