Compete, a Tel Aviv, Israel-based leading SaaS platform for real-time compensation and benefits benchmarking, announced that it raised $15 million in Series A funding within eight months of its $2.5 million seed round.
Investment firm Tiger Global led the Series A funding with participation from existing investors Aleph and Vine Ventures, following Compete’s exponential growth over a short period.
The funding will drive Compete’s US and UK expansion and bolster its global teams.
Company: Compete HR Ltd.
Raised: $15.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Tiger Global
Additional Investors: Aleph and Vine Ventures
Company Website: https://www.competewith.com/
Software Category: SaaS HR data platform
About the Company: Founded in 2020, Compete gives an unfair advantage with immediate insights into complete compensation package data, including parental leave, work-from-home policies, and health benefits. An easy-to-use SaaS solution, Compete provides real-time data and instant analysis with advanced filtering capabilities perfectly tailored for tech companies. Compete has become a trusted partner for hundreds of leading tech companies, including Ocrolus, Monday.com, Appsflyer, Fiverr, and Lemonade. It provides immediate insights into complete compensation package data and enables organizations to develop more effective workforce management strategies. Compete empowers leaders with analysis on over 50 types of benefits, real-time benchmarking data, advanced analytics, and tailored insights to support hiring decisions, identify risks, improve retention and develop informed compensation policies.
Source: https://www.businesswire.com/news/home/20220315005407/en/