FinTechFunding

OpenComp: Closes $4.6M Seed Funding

  • OpenComp, CA-based provider of a cloud-based platform which helps companies develop winning compensation strategies, closed a $4.6 seed funding round
  • The round was led by Time Ventures (the investment fund for Marc Benioff), Ev Williams from Medium, and early executives from Dropbox, Salesforce and Twitter
  • The company also intends to use the funds to continue to expand operations and its development efforts
  • OpenComp helps companies generate the insights needed to create competitive offers, budget accurately and understand future cash needs
  • The cloud platform combines verified market data from hundreds of high-growth companies, analytics and planning tools
  • Since its soft launch in January, more than 860 companies use OpenComp including Healthy Together, Medium, MUX, Octant, Superhuman and Udacity
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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