Compa is a technology company.
Compa has raised $14.0M across 2 funding rounds.
Compa has raised $14.0M in total across 2 funding rounds.
Compa has raised $14.0M in total across 2 funding rounds.
Compa's investors include Camber Creek, Hyde Park Venture Partners, Storm Ventures, Joseph Fung, Michelle McBane, Adeyemi Ajao, Base10 Partners, Franklin Templeton Investments, G2VP, Kima Ventures, LocalGlobe, Logos Labs.
Compa is a venture-backed SaaS startup founded in 2020 that provides an AI-driven compensation intelligence platform for enterprise teams.[1][2][3] It delivers real-time market data, predictive insights, and benchmarks pulled from HCM, ATS, and stock systems to help companies make fair, competitive pay decisions amid AI-driven job market shifts and hiring challenges.[1][2][4] Serving over 100 customers including Apple, NVIDIA, Tesla, Mastercard, T-Mobile, Sanofi, Moderna, and Gilead Sciences, Compa targets technology, life sciences, retail, and manufacturing sectors with tools for cash compensation, equity grants, skills-based pay variances, and offer management.[1][3][4] With around 46-60 employees, multiple offices (including Irvine, Newport Beach, and Fountain Valley, CA), and $20M in total funding (including a $10M Series B), the company demonstrates strong growth momentum through product expansions and partnerships like Syndio for pay equity.[2][5]
Compa was founded in 2020 by Charlie Franklin (CEO, former Workday and Mercer compensation expert), Joe Malandruccolo (CTO, Meta alum), and Taylor Cone (CXO, Stanford d.school alum and river-rafting guide).[2][6] The idea emerged from the need for real-time, software-delivered compensation data to replace outdated surveys, driven by dynamic job markets, AI impacts, and demands for pay equity and competitive hiring.[1][4] Early traction came via seed funding led by Base10 Partners, supporting foundational product development and go-to-market efforts, followed by Series A for network expansion and innovation, and Series B ($10M) to scale platform capabilities and launch new products.[2][5] Pivotal moments include automating data from enterprise systems for bi-weekly refreshes and securing high-profile customers, fueling rapid evolution in the HR tech space.[1][3]
Compa rides the wave of AI-augmented HR tech and pay transparency mandates, where fast-evolving markets demand current data over annual surveys to address hiring wars, equity gaps, and cost pressures.[1][3][4] Timing aligns with post-2020 remote work shifts, AI talent booms, and regulations pushing defensible pay—enabling enterprises to build local talent pools and strategic comp as a lever.[2][4] Market forces like skills-based hiring and unvested equity tracking favor Compa, as competitors like Figure focus narrower on planning tools.[3] It influences the ecosystem by shifting industries (tech, biotech, retail) to software data networks, fostering fairer markets and empowering 100+ leaders like NVIDIA to outpace rivals.[1][2]
Compa's trajectory points to accelerated enterprise adoption, with Series B fueling AI enhancements like expanded Intelligent Pay™ and skills data for emerging roles in AI/ML and biotech.[2][5] Trends like global pay equity laws, hourly worker benchmarking, and real-time equity will shape growth, potentially doubling customers via partnerships (e.g., Syndio) and network effects.[3][4][5] Influence may evolve from data provider to full comp strategy platform, solidifying its role in making pay "fair and competitive for everyone" as AI redefines talent markets—positioning it as essential infrastructure for the next hiring era.[1][6]
Compa has raised $14.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $10.0M Series A | Camber Creek, Hyde Park Venture Partners, Storm Ventures, Joseph Fung, Michelle McBane | |
| Aug 1, 2021 | $4.0M Seed | Adeyemi Ajao, Base10 Partners, Franklin Templeton Investments, G2VP, Kima Ventures, LocalGlobe, Logos Labs, Musha Ventures, Anh-Tho Chuong Degroote, Sequoia Capital, SJF Ventures, Chris Herd, Ian Hogarth, Mathilde Collin, Roxanne Varza |