About Pave
Pave is a company based in San Francisco (United States) founded in 2012 by Matt Schulman, Sal Lahoud, and Oren Bass. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Pave has raised $175 million across 18 funding rounds from investors including Bessemer Venture Partners, Index Ventures and Andreessen Horowitz. The company has 132 employees as of December 31, 2023. Pave has completed 1 acquisition, including AdvacedHR. Pave offers products and services including Compensation Benchmarking, Market Pricing, Compensation Planning, and Total Rewards Portal. Pave operates in a competitive market with competitors including Papaya Global, PayScale, Exactuals, Salary.com and CloudPay, among others.
- Headquarter San Francisco, United States
- Employees 132 as on 31 Dec, 2023
- Founders Matt Schulman, Sal Lahoud, Oren Bass
- Stage Unicorn
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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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- Legal Name Trove Information Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175 M (USD)
in 18 rounds
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Latest Funding Round
$96.75 K (USD), Grant
Jun 01, 2024
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Investors
Bessemer Venture Partners
& 16 more
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Employee Count
132
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of Pave
Pave offers a comprehensive portfolio of products and services, including Compensation Benchmarking, Market Pricing, Compensation Planning, and Total Rewards Portal. 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.
Real-time compensation data is provided for benchmarking purposes.
Job pricing is automated using real-time compensation data.
Merit cycles are managed with efficient planning tools.
Employee rewards are communicated through a dynamic portal.
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Funding Insights of Pave
Pave has successfully raised a total of $175M across 18 strategic funding rounds. The most recent funding activity was a Grant round of $96.75 thousand completed in June 2024. 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 18
- Last Round Grant — $96,750
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First Round
First Round
(30 Oct 2012)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Grant - Pave | Valuation |
investors |
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| Jun, 2023 | Amount | Grant - Pave | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - Pave | Valuation | Index Ventures |
| 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 Pave
Pave has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Index Ventures and Andreessen Horowitz. 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed-stage investments
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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 Pave
Pave has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AdvacedHR. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Compensation data and tools for private startups are provided.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pave
| 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 |
Pave Comparisons
Competitors of Pave
Pave 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 Papaya Global, PayScale, Exactuals, Salary.com and CloudPay, 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 payroll management solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Payroll compensation management software is provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based payroll management is delivered to enterprises in creative sectors.
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| domain | founded_year | HQ Location |
On-demand compensation, payroll, and performance tools are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based payroll software is offered for business management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Pave
Frequently Asked Questions about Pave
When was Pave founded?
Pave was founded in 2012.
Where is Pave located?
Pave is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Pave?
Matt Schulman is the current CEO of Pave. They have also founded this company.
Is Pave a funded company?
Pave is a funded company, having raised a total of $175M across 18 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Oct 30, 2012.
How many employees does Pave have?
As of Dec 31, 2023, the latest employee count at Pave is 132.
What does Pave do?
Pave is recognized for providing a compensation intelligence platform used by over 8,000 companies. Real-time compensation benchmarks, predictive machine learning, and AI-infused workflows are integrated to support pay decisions. Solutions such as Compensation Benchmarking, Market Pricing, Compensation Planning, and Total Rewards Portal are designed for HR professionals. The platform serves various sectors, including technology and enterprise organizations, to enhance compensation strategies and transform pay decisions into competitive advantages.
Who are the top competitors of Pave?
Pave's top competitors include Papaya Global, PayScale and Syndio.
What products or services does Pave offer?
Pave offers Compensation Benchmarking, Market Pricing, Compensation Planning, and Total Rewards Portal.
How many acquisitions has Pave made?
Pave has made 1 acquisition, including AdvacedHR.
Who are Pave's investors?
Pave has 17 investors. Key investors include Bessemer Venture Partners, Index Ventures, Andreessen Horowitz, LocalGlobe, and Craft Ventures.
What is Pave's valuation?
The valuation of Pave is $1.6B as of Jun 2022.
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