About Wage
Wage is a company based in Palo Alto (United States) founded in 2018.. Wage has raised $5 million across 1 funding round from investors including Pear VC, Gradient Ventures and 8VC. Wage operates in a competitive market with competitors including Azets, XTM, Perquest, Resourcing Edge and Norian, among others.
- Headquarter Palo Alto, United States
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Sectors
Business Services
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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
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Apr 13, 2021
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Investors
Pear VC
& 4 more
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Employee Count
Employee Count
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Funding Insights of Wage
Wage has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in April 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 Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(13 Apr 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Wage | Valuation | Gradient 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 Wage
Wage has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Pear VC, Gradient Ventures and 8VC. 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 arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Seed & early stage VC firm investing the US
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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 Wage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Wage
| 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 |
Wage Comparisons
Competitors of Wage
Wage 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 Azets, XTM, Perquest, Resourcing Edge and Norian, 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 |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
On-demand payment solutions are provided for service industry businesses.
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| domain | founded_year | HQ Location |
Functions as an online firm providing payroll and HR services.
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| domain | founded_year | HQ Location |
Human capital management solutions are delivered to enterprises.
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| domain | founded_year | HQ Location |
RPA consulting, implementation, and delivery services are offered by Norian.
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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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Frequently Asked Questions about Wage
When was Wage founded?
Wage was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Wage located?
Wage is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Wage a funded company?
Wage is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Apr 13, 2021.
What does Wage do?
Wage was founded in 2018 and is headquartered in Palo Alto, United States. Payroll management services are offered by the company within the human resources technology sector. Operations focus on processing employee payments, handling tax withholdings, and ensuring regulatory compliance for various organizations. These services are delivered through an online platform accessible to clients across the country, supporting efficient financial administration for small to medium-sized enterprises.
Who are Wage's investors?
Wage has 5 investors. Key investors include Pear VC, Gradient Ventures, 8VC, Bloomberg Beta, and CoFound.
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