# OpenComp: Information technology & services, Denver, United States

> OpenComp: OpenComp is a technology company that specializes in compensation management software. Based in Denver, United States. Founded 2021.

Source: https://millionrounds.com/startup/opencomp (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# OpenComp

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

Funding reported Last round: Series A

Information technology & services Denver, United States

Company summary

- **Founded:** 2021 5 years old
- **Team:** 17 11 to 50 people
- **Funding reported:** $25M in dollars
- **Last round:** Series A Feb 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for OpenComp has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$25M** in dollars

Rounds **2**

Last round **Series A**

Last round size **$20M**

Last round date **Feb 2022**

Investors listed **9**

## Founders and team

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

**Nancy Connery** Founder *Named on its 2021 Form D*

- **Bobby Benfield** CEO
- **Justin Byers** Head of Engineering
- **Jason White** Principal compensation consultant
- **Rony Sawdayi** Principal compensation consultant
- **Thanh Nguyen** Executive Officer i

## On a portfolio page

Investors who name them

- [LeFrak](https://millionrounds.com/fund/lefrak)

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 consulting compensation technology pay decision automation ranges merit cycles dei analytics pay data privacy pay data encryption intelligent offers global compensation data hr technology information technology & services market data pay transparency financial services finance

Built with from their website

accessiBe Salesforce CRM Google Tag Manager Amazon CloudFront YouTube Google Workspace CloudFlare Viewport Meta Webflow Hosting Apple Business Manager

+8 more

Google Meet CloudFlare CDN CAPTCHA Salesforce Mobile Friendly CampaignMonitor Open Graph Amazon Route 53

- **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](https://millionrounds.com/directory/opencomp)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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