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§ Private Profile · 8 Museum Way Apt 2404, Cambridge, Massachusetts, 02141, United States
HR software platform for HR teams managing global lifestyle spending accounts, stipends, and employee perks with automated tax compliance.
Compt has raised $15.0M across 2 funding rounds.
Key people at Compt.
Compt has raised $15.0M in total across 2 funding rounds.
Compt is a human resources software company based in Cambridge, Massachusetts, that provides a global platform for managing employee lifestyle spending accounts and stipends. The SaaS platform automates compliant reimbursements for perks such as wellness, learning, and family support without requiring prefunded accounts. Operating with approximately 35 employees, the company has raised $14.5 million in total funding and generates under $5 million in annual revenue. The platform serves distributed workforces across all 50 states and over 75 countries, integrating directly with enterprise tools like Microsoft Teams to maintain an average employee participation rate of 93 percent and earn industry recognition from G2 and Transform Rewards. Compt recently expanded its enterprise offerings by launching a company merchandise store and a dedicated business expense management feature for corporate clients. The organization was founded in 2018 by Amy Spurling.
Key people at Compt.
Compt has raised $15.0M across 2 funding rounds. Most recently, it raised $13.0M Series A in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $13M Series A | Battery Ventures | Insight Partners, Norwest Venture Partners, Quiet Capital, Redpoint Ventures, Storm Ventures, Anshu Sharma | Announced |
| May 1, 2020 | $2M Seed | — | Harlem Capital, Impellent Ventures | Announced |
Compt is a Boston-based HR technology company founded in 2018 that provides a comprehensive platform for lifestyle benefits, stipends, rewards, recognition, and expense management, enabling companies to offer personalized, tax-compliant perks to employees worldwide.[1][2][4][8] It serves HR, finance, and people operations teams at companies across industries, solving the challenges of fragmented vendor management, low employee participation in benefits, and complex reimbursements by consolidating everything into one streamlined, globally compliant tool with high adoption rates—93% employee participation and a 4.8 G2 rating.[1][3][7][9] This drives higher engagement, retention, and productivity while reducing administrative burdens, supporting teams in all 50 U.S. states and over 70 countries.[1][2][8]
Compt was founded in 2018 in Boston by Amy Spurling, a three-time CFO and two-time COO with deep HR expertise, alongside co-founder Sarah Bedrick.[2][4] The idea emerged from Spurling's experience navigating fragmented perks and benefits, aiming to create cohesive HR software for personalized lifestyle benefits that employees actually use, regardless of life stage or location, avoiding "perks point-solution overload."[1][2] Early traction came quickly: they launched alpha and beta products that year, winning Product Hunt’s “Shipping in Boston” Award, and expanded globally.[2] Pivotal moments included launching Rewards & Recognition in 2021, reaching the 50th country by 2022, and unveiling expense management in 2023 to become an all-in-one reimbursement platform.[2][8]
Compt rides the wave of the "new world of work," where hybrid/remote teams demand flexible, equitable compensation beyond salary and health insurance to attract/retain talent amid talent shortages and burnout.[1][8][10] Timing is ideal post-pandemic, as market forces like rising employee expectations for personalization, DEI initiatives, and global workforces favor platforms reducing admin friction—Compt's 93% participation rate proves this shift from one-size-fits-all perks.[1][3] It influences the ecosystem by setting standards for inclusive HR tech, inspiring competitors and helping startups scale benefits efficiently, while its Salesforce Ventures backing signals validation in VC circles.[4]
Compt is poised to dominate as the go-to reimbursement platform, expanding into AI-driven personalization and deeper finance integrations amid trends like total rewards strategies and holistic wellbeing.[3][5][8] Rising demand for global, compliant tools in a talent-competitive market will fuel growth, potentially through acquisitions or enterprise wins, evolving its influence from niche innovator to industry standard-setter. This positions Compt to transform how companies "comp" employees, tying back to its origins in simplifying what works for real lives.[1][2]
Compt has raised $15.0M in total across 2 funding rounds.
Compt's investors include Battery Ventures, Insight Partners, Norwest Venture Partners, Quiet Capital, Redpoint Ventures, Storm Ventures, Anshu Sharma, Harlem Capital, Impellent Ventures.
