About Pequity
Pequity is a Technology company based in San Francisco (United States) founded in 2019, and was acquired by ADP in October 2025. Payroll management is enabled via a cloud-based platform. Pequity has raised $38 million across 2 funding rounds from investors including ADP, Norwest Venture Partners and First Round Capital. Pequity offers products and services including Comp Cycle, Market Pulse, and Range Management. Its focus areas include Enterprise Applications, HRTech, Payroll Management and Compensation Planning. Its competitors include Gusto, Justworks and Earnin; 3 of its 3 listed competitors have raised funding.
Company details
Pequity was founded in 2019 in San Francisco, United States. A cloud-based platform is provided for payroll management within the human resources technology sector. Payroll processing and compliance tasks are handled through the service for various businesses. Operations are based in San Francisco, with the platform accessible nationwide via the domain peqity.com. Core functions include data integration and automated reporting for efficiency.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsTechnology
- Website pequity.com
- Social LinkedIn X
- Acquired by ADP (Oct 2025)
Products & Services of Pequity
Pequity offers a comprehensive portfolio of products and services, including Comp Cycle, Market Pulse, and Range Management.
Manages employee promotion and merit increases efficiently
Offers real-time compensation data for decision-making
Handles salary ranges and pay bands securely
Funding Insights of Pequity
Pequity has successfully raised a total of $38M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in June 2021. 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 $38M
- Total Rounds 2
- Last Round Series A — $19M
- First Round $19M
(Dec 2020)
- Investors Count 4
All 2 funding rounds of Pequity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $19M | Series A | – | Norwest Venture Partners | |
| Dec 2020 | $19M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Pequity
Pequity has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ADP, Norwest Venture Partners and First Round Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
Seed-stage US tech companies receive investments from Designer Fund. | designerfund.com | San Francisco, United States | ||
Venture capital fund investing in seed to series A startups | scribble.vc | Portola Valley, United States | ||
Cloud-based HR management solutions are offered for payroll and compliance. | 1949 | adp.com | Roseland, United States |
Investor details for Pequity
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Pequity
4 dated milestones of Pequity across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Pequity is founded.
- Funding First funding round of $19.0M.
- Funding Latest funding round, Series A, of $19.0M.
- Exit Acquired by ADP.
Competitors of Pequity
Pequity has 3 listed competitors in our database, 3 of them funded. They include Gusto, Justworks and Earnin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. |
Detailed competitors of Pequity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pequity
The website of Pequity (pequity.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▲ 21.1% vs previous month
Websites whose visitors overlap most with Pequity. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trusaic.com | 100% | #1,688,215 | View details |
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Pequity (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Pequity
Complete news archive for Pequity
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pequity
Pequity was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Pequity is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Pequity is a funded company, having raised a total of $38M across 2 funding rounds to date. The company's 1st funding round was a Series A of $19M, raised on Dec 2020.
Pequity was founded in 2019 in San Francisco, United States. A cloud-based platform is provided for payroll management within the human resources technology sector. Payroll processing and compliance tasks are handled through the service for various businesses. Operations are based in San Francisco, with the platform accessible nationwide via the domain peqity.com. Core functions include data integration and automated reporting for efficiency.
Pequity offers Comp Cycle, Market Pulse, and Range Management.
Pequity has 5 investors. Key investors include ADP, Norwest Venture Partners, First Round Capital, Designer Fund, and Scribble Ventures.
Yes. Pequity was acquired by ADP in October 2025.