United States · Information technology & services startup

OpenComp

OpenComp is a technology company that specializes in compensation management software.

Funding reportedLast round: Series A

Information technology & servicesDenver, United States

About OpenComp

OpenComp is a technology company that specializes in compensation management software.

Founded in 2019, the company is headquartered in Denver, Colorado, and focuses on helping high-growth companies, startups, and enterprises make informed and equitable pay decisions. Co-founders Nancy Connery and Thanh Nguyen bring extensive experience from the tech and HR sectors. The company offers a comprehensive compensation intelligence platform that includes market benchmarking, salary range management, merit cycle execution, pay equity analysis, and total rewards statements. OpenComp also provides a specialized module for compensation decision-making and professional consultation services, enabling organizations to design competitive pay strategies and address pay disparities. Operating on a subscription-based model, OpenComp serves organizations with up to 1,500 employees, aiming to close pay equity gaps and improve employee retention through transparent compensation practices.

What company datasets say OpenComp raised

Funding, as reported

Reported in all$25Min dollars
Rounds2
Last roundSeries A
Last round size$20M
Last round dateFeb 2022
Investors listed9

Founders and team

From OpenComp's own website and the SEC filings it signed: 1 founder, 5 on the team.

Nancy ConneryFounderNamed on its 2021 Form D
  • Bobby BenfieldCEO
  • Justin ByersHead of Engineering
  • Jason WhitePrincipal compensation consultant
  • Rony SawdayiPrincipal compensation consultant
  • Thanh NguyenExecutive Officeri

On a portfolio page

Investors who name them

Each firm lists OpenComp on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

management consultingcompensation technologypay decision automationrangesmerit cyclesdei analyticspay data privacypay data encryptionintelligent offersglobal compensation datahr technologyinformation technology & servicesmarket datapay transparencyfinancial servicesfinance

Built with from their website

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+8 more

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Sector
Information technology & services
Industry code
NAICS 513210, 541612, SIC 8731, 7372, 8742
Region
Colorado
Revenue
$1.9M a year, as listed
Full record
Every detail in the company directory

Information technology & services in United States

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