What is Comparably?
Founded in 2015 and based in Santa Monica, CA, Comparably operates as a workplace culture and compensation monitoring site. Its core mission is to foster more transparent and rewarding work environments by providing data-driven insights into company culture and employee compensation. The platform serves as a crucial resource for both employees seeking fair compensation and companies aiming to improve their workplace dynamics and employer branding.
How much funding has Comparably raised?
Comparably has raised a total of $13.8M across 2 funding rounds:
Private Equity
$6.5M
Private Equity
$7.3M
Private Equity (2016): $6.5M with participation from Pritzker Group, Cornerstone OnDemand, 500.com, Accelerator Ventures, Upfront Ventures, BAM Ventures, Rincon Venture Partners, Crosscut, Crosslink Capital, Lowercase Capital, and Ludlow Ventures
Private Equity (2017): $7.3M led by Cornerstone on Demand, Greycroft Partners, Comcast Ventures, Accelerator Ventures, Upfront Ventures, Rincon Ventures, Crosslink Capital, and Lowercase Capital
Key Investors in Comparably
Cornerstone On Demand
Cornerstone On Demand is a provider of human capital management software, offering solutions for recruiting, learning, performance, and HR administration. Their investment in Comparably suggests a strategic alignment with workplace technology and talent management.
Greycroft Partners
Greycroft Partners is a venture capital firm specializing in internet and mobile markets, known for supporting entrepreneurs with strategic relationships and market visibility. Their backing of Comparably indicates confidence in the company's digital platform and growth potential.
Comcast Ventures
Comcast Ventures, the venture capital arm of Comcast Corporation, invests in consumer and enterprise technology companies. Their participation in Comparably's funding round highlights the company's strategic importance in the enterprise technology sector.
What's next for Comparably?
The substantial enterprise-level backing and recent strategic investment indicate that Comparably is poised for significant scaling and innovation. This capital infusion is likely to be directed towards enhancing its data analytics capabilities, expanding its market reach, and developing new features that address evolving workplace trends. The company's focus on transparency and compensation data positions it to capitalize on the growing demand for equitable and data-informed HR practices, suggesting a trajectory towards becoming a dominant player in the HR technology landscape.
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