BetterComp, a Walnut Creek, CA-based provider of compensation management software, has raised $33 million in Series A funding. 

Investors 

The round was led by Ten Coves Capital, a growth equity firm that invests in high-growth B2B software companies serving the financial services industry. Founded in 2020, the firm focuses on sectors such as payments, banking and lending, insurance, asset and wealth management, capital markets, and financial data services.  

BetterComp Use of Funds 

The company will use the funding to enhance its AI-driven market pricing and pay recommendation tools, expand into adjacent product areas, and scale global operations. 

About BetterComp 

Founded in 2019 by Alan Miegel, Sandra Leon, and Derek Watson, BetterComp provides compensation management software designed to replace outdated legacy systems. The platform delivers AI-powered insights and automation to help compensation professionals make strategic, accurate, and compliant pay decisions. Headquartered in Walnut Creek, California, BetterComp’s mission is to modernize compensation management for enterprises worldwide. 

Funding Details 

Company: BetterComp, Inc. 

Raised: $33.0M 

Round: Series A 

Funding Date: July 2025 

Lead Investor: Ten Coves Capital 

Additional Investors: 

Company Website: https://www.bettercomp.com  

Software Category: Compensation Management / HR Tech 

Source: https://www.businesswire.com/news/home/20250721198160/en/