Santa Monica, California-based Comparably raised $6.5 million in a funding round led by Crosslink Capital with participation from Upfront Ventures, Lowercase Capital, Alpha Edison, Crosscut Ventures, Pritzker Group, Rincon Venture Partners and others. Comparably also launched its platform, which provides compensation and culture data for employees and companies.
SANTA MONICA, Calif.–(BUSINESS WIRE)–Comparably (www.comparably.com) launches today. The platform will provide the most specific and comprehensive compensation and culture data to understand employees’ true value and needs, to make work better.
Focused on the tech industry to start (soon expanding), Comparably uncovers what exact salaries employees in similar environments are making, details their culture experiences at work and connects workers to discuss issues around pay and perks.
Comparably aims to be the leading resource for gender pay gap data, detailing what compensation women versus men are making across hundreds of job titles. In addition, the company is launching expert research and editorials on its new blog, TalkPay (www.talkpay.com), building on the media “#talkpay” discussions last year on Twitter around issues of compensation and the gender pay gap.
Four high-profile technology executives in Los Angeles started the company. The co-founders have started six technology companies with five successful exits. The company is led by former Docstoc founder and CEO (sold to Intuit) Jason Nazar, as well as George Ishii, co-founder Yammer and Geni, Mike Sheridan, co-founder of DebtMarket and Yadid Ramot, co-founder of Investedin. Nazar is one of the most well-known tech entrepreneurs and investors in Southern California and is a board member for Tillys (TLYS), Carelinx and Collab. Last month, he was named Entrepreneur-in-Residence for the City of Los Angeles by Mayor Garcetti.
“Our vision is to make work dramatically better for millions of employees and companies by demystifying compensation and culture,” said Nazar. “We’ve built an innovative product experience, with more comprehensive and granular data than anywhere else. You’ll finally be able to reliably see how much money you should be making and what experience your peers are having at work.”
The company has raised $6.5 million to pursue its vision to evolve workplaces. The deal was led by Crosslink Capital and included investment from Upfront Ventures, Lowercase Capital, Alpha Edison, Crosscut Ventures, Ludlow Ventures, Cornerstone OnDemand, 500Startups, Pritzker Group, Rincon Venture Partners, Accelerator Ventures, BAM Ventures and David Sacks.
Comparably makes work better by providing transparency around compensation and culture for employees and companies. Comparably was founded by serial tech entrepreneurs Jason Nazar, George Ishii, Yadid Ramot and Michael Sheridan. The company is based in Santa Monica, California, and has raised $6.5 million (led by Crosslink Capital), to pursue its vision to evolve workplaces.