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
Previous article
TRG Screen: Acquires Jordan & Jordan
Next article
Crealogix: Hires Thomas Roth as CTO
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.

You May Also Like

FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...