Pave (company)

Pave is a technology company that has developeddeveloping software for compensation transparency in businesses. It is a San Francisco-based company that was founded in 2019 and was part of the spring 2020 cohort of the startupstart-up accelerator Y Combinator. The company's solution allows clients to plan, communicate, and benchmark the compensation for the employees in their companies and creates pay transparency throughout the company and industry.

Pave offers a platform-as-a-serviceplatform as a service (PaaS) that enables companies to access information and data to determine the compensation of any employee. Compensation can be comprised of salary, equity, benefits, and promotions. Each of these components is often tracked using different software, butand Pave puts all of that information into one place. Appropriate parties can utilize the platform for compensation planning, and communicating employee compensation, or to runrunning a merit cycle. It can be integrated with existing human resources, applicant tracking systemsystems, and capitalization table software.

The company has three pricing tiers for the platform. There is aThe free option that offers real-time data on salary, equity, and variable. The next tier is the pro option, thatwhich enables clients to access more features such as merit cycles. The top tier is the premium tier, which is a customized version of the platform specifically for the client's company. The pro and premium tiers do not have a publicly stated price point.

On September 1, 2015 Pave announced raising an undisclosed amount of seed funding from Residence Ventures, Maxfield Capital, and C4 Ventures.

On December 17, 2015 Pave announced raising $300 million in debt financing from Seer Capital.

On April 13, 2016 Pave announced raising $8 million in series A funding from Maxfield Capital.

Pave is a technology company that has developed software for compensation transparency in businesses. It is a San Francisco-based company that was founded in 2019 and was part of the spring 2020 cohort of the startup accelerator Y Combinator. The company's solution allows clients to plan, communicate, and benchmark the compensation for the employees in their companies and creates pay transparency throughout the company and industry.

Pave offers a platform-as-a-service that enables companies to access information and data to determine the compensation of any employee. Compensation can be comprised of salary, equity, benefits, and promotions. Each of these components is often tracked using different software, but Pave puts all of that information into one place. Appropriate parties can utilize the platform for compensation planning, communicating employee compensation, or to run a merit cycle. It can be integrated with existing human resources, applicant tracking system, and capitalization table software.

Pave Introduction

The company has three pricing tiers for the platform. There is a free option that offers real-time data on salary, equity, and variable. The next tier is the pro option that enables clients to access more features such as merit cycles. The top tier is the premium tier, which is a customized version of the platform specifically for the client's company. The pro and premium tiers do not have a publicly stated price point.