Who invested in PayScale

8 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software

Funding summaryUpdated 26 Oct 2026

$33Mraised across 8 rounds since 2004, from 8 sources

$3.2MSeries A$7.0MSeries B$10MSeries C$2.0MVenture$227KVenture$3.5MVenture$135KVenture$7.0MVenture

Latest round: Venture, $7.0MJul 2011
Biggest round: $10MSeries C · Jul 2007
Step-upi: 51.9×
Investors: 8

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2005200620072008200920102011

$3.2MSeries A$7.0MSeries B$10MSeries C$2.0MVenture$227KVenture$3.5MVenture$135KVenture$7.0MVenture

First round: Series A, $3.2M
Biggest round: $10M
Usual gap between rounds: 12 months

The rounds

Jul 2011
Venture$7.0M5 returning
Reported by finsmes.comSEC filing: $6.5M sold, first sale Jun 2011
Jul 2010
Venture$135K
No investor was named in the report.
From a historical funding recordSEC filing: $135K sold, first sale Jul 2010
Dec 2009
Venture$3.5M
No investor was named in the report.
Reported by sec.govSEC filing: $3.5M sold, first sale Dec 2008
Feb 2009
Venture$227K
No investor was named in the report.
Reported by sec.gov
Jan 2009
Venture$2.0M
No investor was named in the report.
Reported by sec.gov
Jul 2007
Series C$10M4 new4 returning
Reported by mashable.com
Oct 2005
Series B$7.0M1 new3 returning
Reported by findarticles.com
Oct 2004
Series A$3.2M3 new
From a historical funding record

Founders and team

From PayScale's own website and the SEC filings it signed: 6 on the team.

Chris HaysChief Executive Officer
Lexi ClarkeChief People Officer
Peh TehChief Product Officer
Philip WatsonChief Financial Officer
Ruth ThomasChief Evangelist
Michael MetzgerExecutive Officer, Directori

On the board, as filediDavid HartwigDennis WestonJay McGonigleMatt McIlwainPatricia NakacheRobin Ferracone

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2004Series B2005Series C2007Venture2009Venture2009Venture2009Venture2010Venture2011

Madrona Venture Group

Corporate Executive Board (CEB)

The exit

ExitBuyerPriceWhen

AcquiredWarburg Pincus$100MApr 2014

From historical deal records. Wrong? Tell us.

Everyone who backed them

Madrona Venture GroupVC firm4rounds

FlukeCorporate VC4rounds

Trinity VenturesVC firm3rounds

Montlake CapitalPrivate equity3rounds

Sapphire VenturesVC firm2rounds

SAP VenturesVC firm2rounds

Allen & CompanyWealth manager1round

Corporate Executive Board (CEB)Corporate VC1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 3 firms list PayScale as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.