About PayScale
PayScale is a company based in Seattle (United States) founded in 2002 by John Gaffney was acquired by Francisco Partners in April 2019.. PayScale has raised $117.62 million across 10 funding rounds from investors including Francisco Partners, Warburg Pincus and Mercer. The company has 299 employees as of December 31, 2022. PayScale has completed 3 acquisitions, including CuroComp, Marketpay and Payscale. PayScale offers products and services including Payfactors, MarketPay, and Compensation Planning. PayScale operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Seattle, United States
- Employees 299 as on 31 Dec, 2022
- Founders John Gaffney
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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
$117.62 M (USD)
in 10 rounds
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Latest Funding Round
$41.24 M (USD), Series D
Jul 12, 2017
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Investors
Francisco Partners
& 10 more
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Employee Count
299
as on Dec 31, 2022
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Investments & Acquisitions
CuroComp
& 2 more
- Acquired by
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Products & Services of PayScale
PayScale offers a comprehensive portfolio of products and services, including Payfactors, MarketPay, and Compensation Planning. 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.
Automates compensation management and benchmarking processes.
Manages global pay and salary surveys for organizations.
Streamlines merit and increase cycles for businesses.
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Funding Insights of PayScale
PayScale has successfully raised a total of $117.62M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $41.24 million completed in July 2017. 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 10
- Last Round Series D — $41.2M
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First Round
First Round
(01 Jun 2004)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series D - PayScale | Valuation | Mercer |
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| May, 2016 | Amount | Series D - PayScale | Valuation |
investors |
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| Jul, 2011 | Amount | Series D - PayScale | Valuation |
investors |
| 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 PayScale
PayScale has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Francisco Partners, Warburg Pincus and Mercer. 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 firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Venture capital investments are offered by Fluke Venture Partners.
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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 PayScale
PayScale has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CuroComp, Marketpay and Payscale. 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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Payroll management is enabled by a cloud-based platform.
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2020 | ||||
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Offers employee compensation management solution for businesses
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2010 | ||||
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Limited information is provided on Marketpay's core activities and operations.
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2000 |
| 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 - PayScale
| 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 |
Payscale Comparisons
Competitors of PayScale
PayScale 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 Gusto, Payflow, Paylocity, Justworks and Earnin, 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 HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
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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 Payscale
Frequently Asked Questions about PayScale
When was PayScale founded?
PayScale was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Where is PayScale located?
PayScale is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of PayScale?
Scott Torrey is the current CEO of PayScale.
Is PayScale a funded company?
PayScale is a funded company, having raised a total of $117.62M across 10 funding rounds to date. The company's 1st funding round was a Series D of $6.5M, raised on Jun 01, 2004.
How many employees does PayScale have?
As of Dec 31, 2022, the latest employee count at PayScale is 299.
What does PayScale do?
PayScale was founded in 2002 in Seattle, United States, within the human resources technology sector. Payroll compensation management software is offered, including MarketPay for survey data aggregation, reporting, participation, and analytics, as well as InsightLab for job market pulse management and salary-specific insights. Users are enabled to search and compare salary data by job role, skills, industry, and education. Operations focus on data-driven compensation solutions for organizations.
Who are the top competitors of PayScale?
What products or services does PayScale offer?
PayScale offers Payfactors, MarketPay, and Compensation Planning.
How many acquisitions has PayScale made?
Who are PayScale's investors?
PayScale has 11 investors. Key investors include Francisco Partners, Warburg Pincus, Mercer, Allen & Company, and Sapphire Ventures.
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