Investor Retrospective · Index Ventures
Why the firm invested
Index Ventures led Pave's Series C funding round.
We’re thrilled to be leading their Series C round.
Index Ventures partnered with Pave to leverage Index's European roots and help Pave expand its compensation data graph internationally.
As the workforce goes increasingly global, Matt recognized the importance of building the compensation data graph beyond the US. Given Index’s deep roots in Europe, we jumped at the opportunity to partner as they expand overseas.
Product
Pave brings fairness and transparency to compensation by transforming it from an art into a science.
Pave is bringing fairness and transparency to compensation by transforming it from an art into a science.
Pave enables companies to plan, communicate, and benchmark compensation in real time using a fast-growing compensation data map.
They are helping our companies plan, communicate, and benchmark compensation in real-time – applications that sit on top of the largest and fastest growing data map we’ve seen in the category.
Pave houses market salary benchmarking data and integrates with HR tools like Workday, Carta, and Greenhouse to deliver a complete view of compensation.
The platform houses market data to help customers benchmark salaries, and integrates with leading HR tools including Workday, Carta, and Greenhouse to provide a 360 view of compensation.
Traction
Over 2,600 customers including Affirm, Discord, Ro, and Miro use Pave for real-time, fair, and transparent compensation offers.
Over 2,600 customers like Affirm, Discord, Ro, and Miro rely on Pave for real-time, more fair and transparent compensation offers.
Team
Pave founder and CEO Matt Schulman brings strong conviction, clarity, and grit to building big ideas in the compensation space.
Matt described the future of the industry with such conviction and clarity that I knew he would make it happen. Further, I loved his grit and sense of adventure
What founders can learn
- What actually moved the decision: Index Ventures wrote that Index Ventures led Pave's Series C funding round.
- The traction evidence that carried weight: Index Ventures wrote that Over 2,600 customers including Affirm, Discord, Ro, and Miro use Pave for real-time, fair, and transparent compensation offers.
- How the team was judged: Index Ventures wrote that Pave founder and CEO Matt Schulman brings strong conviction, clarity, and grit to building big ideas in the compensation space.
Source and provenance
Investor Retrospective published by Index Ventures on indexventures.com. Read the original
