Compa Closes $10M Series A to Fix Compensation Market Data for the World’s Best Companies

January 29, 2024
3 min
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Compa Closes $10M Series A to Fix Compensation Market Data for the World’s Best Companies

Analysis of real-time offer data enables compensation teams to identify market changes faster and adapt their strategies to improve competitiveness and manage cost. Enterprise companies like Airbnb, NVIDIA, Stripe, Instacart, Block, DoorDash, Autodesk and Marvell Technology are among Compa’s customers.

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At Compa, our mission is to make compensation fair and competitive for everyone. Since founding the company in 2020, we have come a long way, and I am excited to share a new milestone with you. 

Today, we are announcing our $10 million Series A funding led by Storm Ventures. This new investment, and support from our new and existing investors, gives Compa the resources to accelerate defining the future of compensation intelligence. 

The Best Comp Teams Analyze Offers with Compa

Since Compa introduced offers-based market data last year, the dataset has grown nearly a thousand percent as more companies join the network. 

Enterprise compensation teams need precise, current market information to compete. Survey estimates used to be enough, but elevated market volatility has both increased the need for better data and eroded the value of traditional surveys. 

Compa introduces a new approach: offer data. Offers are not people, they are market events. In aggregate, pooled across our data network, they measure market “float,” and like the stock market, tell you what companies are offering today

Offers in Compa come from participating companies’ applicant tracking systems, the recruiting system of record. They are leveled and matched, include everything from base salary to stock, and reveal rich metadata like market volumes and acceptance rates. 

Compa secures $10M to bring real-time market intelligence to compensation decisions. Airbnb, NVIDIA, Stripe join network as legacy surveys fade.

The most innovative compensation teams in the world use offer data from Compa to layer current market insights on top of traditional surveys, essentially filling in the gaps. 

Over the past 6 months this approach has produced extraordinary advantages for our customers in evolving stock-based compensation strategy and establishing new pay practices for AI Engineering. 

Our $10 Million Series A

To accelerate Compa’s growth, we’ve raised Series A funding led by Storm Ventures, including participation from Penny Jar Capital, HR Tech Investments (an affiliate of Indeed), NJP Ventures, Base10 Partners, and Acadian Ventures. 

We admire Storm’s focus on early-stage growth strategy and expertise in helping founders build enduring companies centered on their customers. 

Our Series A also includes about a dozen angel investors, including some extraordinary compensation leaders and leading Silicon Valley founders. 

Looking Ahead

We founded Compa with a fundamental insight: pay transparency is driving compensation to become more science and less art. 

The existing tools available to enterprise compensation teams don’t keep up with the precision demanded by individuals and the market. We envision a world where knowing competitive pay is as easy as looking up what Microsoft’s stock price closed at yesterday – and we are committed to building and leading it. 

If you aren’t using Compa yet, learn who it’s for and how it works. And if you’re interested in joining our team, we are hiring – check out our open roles, or send me a note on Linkedin. 

On behalf of the entire Compa team, we are grateful for all of our support from our customers, partners, investors, and families. 

Cheers to the road ahead.

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