About Compt
Compt is a company based in Boston (United States) founded in 2017 by James Echmalian, Sarah Bedrick, and Amy Spurling.. Compt has raised $17 million across 3 funding rounds from investors including Slack, Battery Ventures and Impellent Ventures. Compt offers products and services including Lifestyle Benefits, Professional Development Pro, Expense Management, and Rewards and Recognition. Compt operates in a competitive market with competitors including Espresa, Perkbox, Benify, Tillo and PerkSpot, among others.
- Headquarter Boston, United States
- Founders James Echmalian, Sarah Bedrick, Amy Spurling
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 3 rounds
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Latest Funding Round
$13 M (USD), Series A
Apr 13, 2022
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Investors
Slack
& 3 more
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Employee Count
Employee Count
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Products & Services of Compt
Compt offers a comprehensive portfolio of products and services, including Lifestyle Benefits, Professional Development Pro, Expense Management, and Rewards and Recognition. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for reimbursing wellness and family expenses efficiently.
Automates admin for employee skill-building and training programs.
System for tracking and simplifying employee expense reimbursements.
Tools to appreciate and reward employee contributions effectively.
Funding Insights of Compt
Compt has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $13.0M
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First Round
First Round
(24 Apr 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Compt | Valuation | Battery Ventures |
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| May, 2020 | Amount | Seed - Compt | Valuation | Harlem Capital Partners | |
| Apr, 2020 | Amount | Seed - Compt | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Compt
Compt has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Slack, Battery Ventures and Impellent Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by Impellent Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to diverse startups by Harlem Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Compt
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Compt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Compt Comparisons
Competitors of Compt
Compt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Espresa, Perkbox, Benify, Tillo and PerkSpot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based platform for employee perks and wellbeing challenges is provided.
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| domain | founded_year | HQ Location |
Employee perks and well-being are managed via cloud-based software.
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| domain | founded_year | HQ Location |
A benefits management platform is provided for organizations.
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| domain | founded_year | HQ Location |
Employee rewarding platform
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| domain | founded_year | HQ Location |
Employee perks platform is operated for branded discount programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Compt
Frequently Asked Questions about Compt
When was Compt founded?
Compt was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Compt located?
Compt is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Compt?
Amy Spurling is the current CEO of Compt. They have also founded this company.
Is Compt a funded company?
Compt is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Apr 24, 2020.
What does Compt do?
Compt was founded in 2017 in Boston, United States, within the HR technology sector. Software is provided to enable employers to establish perk stipend programs for employees. Spending habits are analyzed through generated reports for employers. Receipts from perk usage are uploaded directly by employees via the platform, accessible at compt.io. Operations focus on streamlining perk administration for companies.
What products or services does Compt offer?
Compt offers Lifestyle Benefits, Professional Development Pro, Expense Management, and Rewards and Recognition.
Who are Compt's investors?
Compt has 4 investors. Key investors include Slack, Battery Ventures, Impellent Ventures, and Harlem Capital.
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