Pequity, an intelligent compensation platform that allows companies to create fair and competitive compensation programs, closed a $19m Series A funding. The round was led by Norwest Venture Partners with participation from First Round Capital, Designer Fund, and Scribble Ventures.
Kaitlyn Knopp, CEO said: “We’re on a mission to make compensation more equitable and scalable for companies around the world. Pequity is already helping more than 100 fast-growing companies collaborate on equitable and competitive offers by streamlining their compensation processes with automated workflows and real-time analytics.”
Pequity provides companies with a platform to attract and retain talent by automating HR workflows from offer to signing to promotion and beyond. The platform helps HR & compensation leaders centralize their workflows and create competitive compensation programs based on real-world data on industry ranges, market trends, and internal peer compensation. It integrates with existing HR software, specifically HRIS, ATS, and payroll companies.
The company intends to use the funds to continue investing in product development and expand its hiring.
Announcement: Pequity Raises $19M for Intelligent Compensation