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Venture Capital News: Pave Announces $100M Series C Financing

SAN FRANCISCO, CA, Pave announced today that it has raised $100 million in Series C funding round.
Pave, the real time compensation platform that helps companies plan, communicate and benchmark against the market, announced today that it has raised $100 million in Series C funding and acquired Advanced-HR from Morgan Stanley. Advanced-HR has a product suite that includes Option Impact, Option Driver and the VCECS (Venture Capital Executive Compensation Survey).

The round was led by Index Ventures with Partner Mark Goldberg taking a Board seat. Several new and existing investors also participated, including Andreessen Horowitz, YC Continuity Fund, LocalGlobe, Craft Ventures, Original Capital, Backend Capital and Contrary Capital as well as notable individuals including former LinkedIn CEO Jeff Weiner and former Facebook VP of HR Tudor Havriliuc.

Pave is a real-time compensation platform that helps companies effectively plan, communicate, and benchmark compensation. The Pave suite integrates with dozens of ATS, HRIS, and equity management tools, including Greenhouse, TriNet, BambooHR, Namely, Lever, ADP, Workday, Jobvite, Shareworks, Equity Edge Online, Carta, Rippling, Justworks, Paylocity, Sapling, Personio, Capdesk, Ledgy, and UltiPro.
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