- 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
