Compt, a Boston, MA-based employee perk stipend software company optimized for today’s more-flexible workplace, announced a $13 million Series A investment led by Battery Ventures, bringing to a total of $16.5 million raised.

The funding comes after a year of rapid growth, nearly 500% ARR, and follows a prior seed financing round from collaboration-software company Slack Fund and Harlem Capital Partners. 

The new funding from Battery will help Compt reach and support more global companies who demand an inclusive approach to employee perks and benefits for their teams.

Company: Compt Inc.

Raised: $13.0M

Round: Series A

Funding Month: April 2022

Lead Investors: Battery Ventures

Additional Investors:

Company Website: https://www.compt.io/

Software Category: Employee perk stipend software

About the Company: Founded by a five-time CFO and COO, Compt’s employee stipend and rewards software is fully customizable to a company's needs, IRS-compliant, and can support global teams. Compt is proud to be named the #1 HR Tech platform by SHRM’s Better Workplaces Challenge and a Built-in Boston's 2022 Best Small Company to Work For. Compt is based in Boston, MA Compt is the #1 employee stipends platform that gives your people the freedom to choose the lifestyle perks that they want. Compt's employee stipend & rewards software is fully customizable to your company's needs, IRS-compliant, and can support global teams.

Source: https://www.businesswire.com/news/home/20220414005012/en/Compt-Raises-13-Million-Series-A-Financing-Led-by-Battery-Ventures https://www.compt.io/compt-raises-13-million-series-a-financing