Pave valuation, funding and investors

Pave works in compensation management software development, based in San Francisco, United States. Founded in 2012, it has about 297 employees.

Tech Companies San Francisco Series C

VALUATION · TODAY

$1.59B −4% after Series C

Range $278M – $2.75B · Grade D

TODAY

+12 MO

$1.00B

$2.00B

$3.00B

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series A $16.0M

Series B $46.0M

Series C $100M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY297 employees

+9%6m growth

+16%1y growth

+35%2y growth

200

400

Data from Jan 2021

TODAY

Predicted in 1 yr $1.52B −4% vs today

Predicted next raise $279M if a round comes

Winding-down probability 0%

Last round: Series C · $100M · Jun 2022
Valuation at last round: $1.60B
Headcount: 297 · up
Grade: D
Founded: 2012

How VCMC values companies →

Pave valuation today

VCMC values Pave at $1.6B today, with a range of $278M to $2.8B and a grade of D. The valuation starts from its last funding round, a Series C round in Jun 2022.

Valuation by date (182 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Pave: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2012	$4.60M	$1.67M – $12.6M	$4.70M (+2%)	before first round	–	unknown	D	0%
1 Feb 2012	$4.60M	$1.67M – $12.6M	$4.72M (+3%)	before first round	–	unknown	D	0%
1 Mar 2012	$4.60M	$1.67M – $12.6M	$4.74M (+3%)	before first round	–	unknown	D	0%
1 Apr 2012	$4.60M	$1.67M – $12.6M	$4.76M (+4%)	before first round	–	unknown	D	0%
1 May 2012	$4.60M	$1.67M – $12.6M	$4.78M (+4%)	before first round	–	unknown	D	0%
1 Jun 2012	$4.60M	$1.67M – $12.6M	$4.80M (+4%)	before first round	–	unknown	D	0%
1 Jul 2012	$4.60M	$1.67M – $12.6M	$4.82M (+5%)	before first round	–	unknown	D	0%
1 Aug 2012	$4.61M	$1.68M – $12.7M	$4.84M (+5%)	before first round	–	unknown	D	0%
1 Sep 2012	$4.63M	$1.69M – $12.7M	$4.85M (+5%)	before first round	–	unknown	D	0%
1 Oct 2012	$4.65M	$1.69M – $12.8M	$4.87M (+5%)	before first round	–	unknown	D	0%
1 Nov 2012	$4.67M	$1.70M – $12.8M	$4.89M (+5%)	before first round	–	unknown	D	0%
1 Dec 2012	$4.69M	$1.71M – $12.9M	$4.91M (+5%)	before first round	–	unknown	D	0%
1 Jan 2013	$4.70M	$1.71M – $12.9M	$4.93M (+5%)	before first round	–	unknown	D	0%
1 Feb 2013	$4.72M	$1.72M – $13.0M	$4.95M (+5%)	before first round	–	unknown	D	0%
1 Mar 2013	$4.74M	$1.73M – $13.0M	$4.97M (+5%)	before first round	–	unknown	D	0%
1 Apr 2013	$4.76M	$1.73M – $13.1M	$4.99M (+5%)	before first round	–	unknown	D	0%
1 May 2013	$4.78M	$1.74M – $13.1M	$5.01M (+5%)	before first round	–	unknown	D	0%
1 Jun 2013	$4.80M	$1.75M – $13.2M	$5.03M (+5%)	before first round	–	unknown	D	0%
1 Jul 2013	$4.82M	$1.75M – $13.2M	$5.05M (+5%)	before first round	–	unknown	D	0%
1 Aug 2013	$4.83M	$1.76M – $13.3M	$5.07M (+5%)	before first round	–	unknown	D	0%
1 Sep 2013	$4.85M	$1.77M – $13.3M	$5.09M (+5%)	before first round	–	unknown	D	0%
1 Oct 2013	$4.87M	$1.77M – $13.4M	$5.11M (+5%)	before first round	–	unknown	D	0%
1 Nov 2013	$4.89M	$1.78M – $13.4M	$5.13M (+5%)	before first round	–	unknown	D	0%
1 Dec 2013	$4.91M	$1.79M – $13.5M	$5.15M (+5%)	before first round	–	unknown	D	0%
1 Jan 2014	$4.93M	$1.79M – $13.5M	$5.17M (+5%)	before first round	–	unknown	D	0%
1 Feb 2014	$4.95M	$1.80M – $13.6M	$5.19M (+5%)	before first round	–	unknown	D	0%
1 Mar 2014	$4.97M	$1.81M – $13.6M	$5.21M (+5%)	before first round	–	unknown	D	0%
1 Apr 2014	$4.99M	$1.82M – $13.7M	$5.23M (+5%)	before first round	–	unknown	D	0%
1 May 2014	$5.01M	$1.82M – $13.8M	$5.25M (+5%)	before first round	–	unknown	D	0%
1 Jun 2014	$5.03M	$1.83M – $13.8M	$5.27M (+5%)	before first round	–	unknown	D	0%
1 Jul 2014	$5.05M	$1.84M – $13.9M	$5.29M (+5%)	before first round	–	unknown	D	0%
1 Aug 2014	$5.07M	$1.84M – $13.9M	$5.31M (+5%)	before first round	–	unknown	D	0%
1 Sep 2014	$5.09M	$1.85M – $14.0M	$5.33M (+5%)	before first round	–	unknown	D	0%
1 Oct 2014	$5.11M	$1.86M – $14.0M	$5.35M (+5%)	before first round	–	unknown	D	0%
1 Nov 2014	$5.13M	$1.87M – $14.1M	$5.37M (+5%)	before first round	–	unknown	D	0%
1 Dec 2014	$5.15M	$1.87M – $14.1M	$5.39M (+5%)	before first round	–	unknown	D	0%
1 Jan 2015	$5.17M	$1.88M – $14.2M	$5.41M (+5%)	before first round	–	unknown	D	0%
1 Feb 2015	$5.19M	$1.89M – $14.2M	$5.44M (+5%)	before first round	–	unknown	D	0%
1 Mar 2015	$5.21M	$1.90M – $14.3M	$5.46M (+5%)	before first round	–	unknown	D	0%
1 Apr 2015	$5.23M	$1.90M – $14.4M	$5.48M (+5%)	before first round	–	unknown	D	0%
1 May 2015	$5.25M	$1.91M – $14.4M	$5.50M (+5%)	before first round	–	unknown	D	0%
1 Jun 2015	$5.27M	$1.92M – $14.5M	$5.52M (+5%)	before first round	–	unknown	D	0%
1 Jul 2015	$5.29M	$1.93M – $14.5M	$5.54M (+5%)	before first round	–	unknown	D	0%
1 Aug 2015	$5.31M	$1.93M – $14.6M	$5.69M (+7%)	before first round	–	unknown	D	0%
1 Sep 2015	$5.33M	$1.94M – $14.6M	$5.84M (+10%)	before first round	–	unknown	D	0%
1 Oct 2015	$5.35M	$1.95M – $14.7M	$5.99M (+12%)	before first round	–	unknown	D	0%
1 Nov 2015	$5.37M	$1.96M – $14.8M	$6.16M (+15%)	before first round	–	unknown	D	0%
1 Dec 2015	$5.39M	$1.96M – $14.8M	$6.32M (+17%)	before first round	–	unknown	D	0%
1 Jan 2016	$5.41M	$1.97M – $14.9M	$6.49M (+20%)	before first round	–	unknown	D	0%
1 Feb 2016	$5.44M	$1.98M – $14.9M	$6.67M (+23%)	before first round	–	unknown	D	0%
1 Mar 2016	$5.46M	$1.99M – $15.0M	$6.84M (+25%)	before first round	–	unknown	D	0%
1 Apr 2016	$5.48M	$1.99M – $15.0M	$7.02M (+28%)	before first round	–	unknown	D	0%
1 May 2016	$5.50M	$2.00M – $15.1M	$7.21M (+31%)	before first round	–	unknown	D	0%
1 Jun 2016	$5.52M	$2.01M – $15.2M	$7.40M (+34%)	before first round	–	unknown	D	0%
1 Jul 2016	$5.54M	$2.02M – $15.2M	$7.60M (+37%)	before first round	–	unknown	D	0%
1 Aug 2016	$5.69M	$2.07M – $15.6M	$7.80M (+37%)	before first round	–	unknown	D	0%
1 Sep 2016	$5.84M	$2.13M – $16.1M	$8.01M (+37%)	before first round	–	unknown	D	0%
1 Oct 2016	$6.00M	$2.18M – $16.5M	$8.22M (+37%)	before first round	–	unknown	D	0%
1 Nov 2016	$6.16M	$2.24M – $16.9M	$8.45M (+37%)	before first round	–	unknown	D	0%
1 Dec 2016	$6.32M	$2.30M – $17.4M	$8.67M (+37%)	before first round	–	unknown	D	0%
1 Jan 2017	$6.49M	$2.36M – $17.8M	$8.90M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$6.67M	$2.43M – $18.3M	$9.14M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$6.83M	$2.49M – $18.8M	$9.36M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$7.01M	$2.55M – $19.3M	$9.62M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$7.20M	$2.62M – $19.8M	$9.87M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$7.39M	$2.69M – $20.3M	$10.1M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$7.59M	$2.76M – $20.8M	$10.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$7.79M	$2.84M – $21.4M	$10.7M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$8.01M	$2.91M – $22.0M	$11.0M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$8.22M	$2.99M – $22.6M	$11.3M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$8.44M	$3.07M – $23.2M	$11.6M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$8.66M	$3.15M – $23.8M	$11.9M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$8.90M	$3.24M – $24.4M	$12.2M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.14M	$3.33M – $25.1M	$12.5M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$9.36M	$3.41M – $25.7M	$12.8M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$9.62M	$3.50M – $26.4M	$13.2M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$9.87M	$3.59M – $27.1M	$13.5M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$10.1M	$3.69M – $27.8M	$13.9M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$10.4M	$3.79M – $28.6M	$14.3M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$10.7M	$3.89M – $29.4M	$14.4M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$11.0M	$4.00M – $30.2M	$14.5M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$11.3M	$4.10M – $30.9M	$14.7M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$11.6M	$4.21M – $31.8M	$14.8M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$11.9M	$4.32M – $32.6M	$14.9M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$12.2M	$4.44M – $33.5M	$15.1M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$12.5M	$4.56M – $34.4M	$15.2M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$12.8M	$4.67M – $35.3M	$15.3M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$13.2M	$4.80M – $36.2M	$15.5M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$13.5M	$4.93M – $37.2M	$15.6M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$13.9M	$5.06M – $38.2M	$15.8M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$14.3M	$5.19M – $39.2M	$15.9M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$14.4M	$5.25M – $39.6M	$16.0M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$14.5M	$5.29M – $39.9M	$16.2M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$14.7M	$5.34M – $40.3M	$16.3M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$14.8M	$5.39M – $40.7M	$16.5M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$14.9M	$5.44M – $41.0M	$16.6M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$15.1M	$5.49M – $41.4M	$16.8M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$15.2M	$5.54M – $41.8M	$16.9M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$15.3M	$5.59M – $42.1M	$17.1M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$15.5M	$5.64M – $42.5M	$17.2M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$15.6M	$5.69M – $42.9M	$17.4M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$15.8M	$5.74M – $43.3M	$17.6M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$15.9M	$5.79M – $43.7M	$17.7M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$16.1M	$5.84M – $44.1M	$17.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$16.2M	$5.90M – $44.5M	$18.0M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$16.3M	$5.95M – $44.9M	$18.2M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$16.5M	$6.00M – $45.3M	$18.4M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$16.6M	$6.06M – $45.7M	$18.5M (+11%)	before first round	–	unknown	D	0%
4 Dec 2020	$75.1M	$65.2M – $155M	$135M (+80%)	after a round	–	unknown	B	0%
1 Jan 2021	$78.6M	$65.2M – $155M	$135M (+72%)	after a round	15	unknown	B	0%
1 Feb 2021	$82.6M	$65.2M – $155M	$135M (+63%)	after a round	15	unknown	B	0%
1 Mar 2021	$86.4M	$65.2M – $155M	$135M (+56%)	after a round	15	unknown	B	0%
1 Apr 2021	$90.8M	$65.2M – $155M	$135M (+49%)	after a round	15	flat	B	0%
1 May 2021	$95.3M	$65.2M – $155M	$135M (+42%)	after a round	15	flat	B	0%
1 Jun 2021	$100M	$65.2M – $155M	$135M (+35%)	after a round	15	flat	B	0%
1 Jul 2021	$105M	$65.2M – $155M	$135M (+28%)	after a round	15	flat	B	0%
1 Aug 2021	$111M	$65.2M – $155M	$135M (+22%)	after a round	15	flat	B	0%
11 Aug 2021	$400M	$348M – $690M	$600M (+50%)	after a round	15	flat	B	0%
1 Sep 2021	$410M	$348M – $690M	$600M (+46%)	after a round	15	flat	B	0%
1 Oct 2021	$424M	$348M – $690M	$600M (+42%)	after a round	15	flat	B	0%
1 Nov 2021	$439M	$348M – $690M	$600M (+37%)	after a round	15	flat	B	0%
1 Dec 2021	$453M	$348M – $690M	$600M (+32%)	after a round	15	flat	B	0%
1 Jan 2022	$469M	$348M – $690M	$600M (+28%)	after a round	15	flat	B	0%
1 Feb 2022	$486M	$348M – $690M	$600M (+24%)	after a round	15	flat	B	0%
1 Mar 2022	$646M	$348M – $1.1B	$948M (+47%)	after a round	120	growing	B	0%
1 Apr 2022	$695M	$348M – $1.1B	$948M (+36%)	after a round	120	growing	B	0%
1 May 2022	$746M	$348M – $1.1B	$948M (+27%)	after a round	120	growing	B	0%
1 Jun 2022	$803M	$348M – $1.1B	$948M (+18%)	after a round	120	growing	B	0%
29 Jun 2022	$1.6B	$1.4B – $2.4B	$2.1B (+30%)	after a round	120	growing	A	0%
1 Jul 2022	$1.6B	$1.4B – $2.4B	$2.1B (+30%)	after a round	120	growing	A	0%
1 Aug 2022	$1.6B	$1.4B – $2.4B	$2.1B (+27%)	after a round	120	growing	A	0%
1 Sep 2022	$1.7B	$1.4B – $2.4B	$2.1B (+24%)	after a round	120	growing	A	0%
1 Oct 2022	$1.7B	$1.4B – $2.4B	$2.1B (+21%)	after a round	120	growing	A	0%
1 Nov 2022	$1.8B	$1.4B – $2.4B	$2.1B (+19%)	after a round	120	unknown	A	0%
1 Dec 2022	$1.8B	$1.4B – $2.4B	$2.1B (+16%)	after a round	120	unknown	A	0%
1 Jan 2023	$1.9B	$1.4B – $2.7B	$2.3B (+20%)	after a round	200	growing	B	0%
1 Feb 2023	$2.0B	$1.4B – $2.7B	$2.3B (+16%)	after a round	200	growing	B	0%
1 Mar 2023	$2.1B	$1.4B – $2.7B	$2.3B (+13%)	after a round	200	growing	B	0%
1 Apr 2023	$2.1B	$1.4B – $2.7B	$2.3B (+9%)	after a round	200	growing	B	0%
1 May 2023	$2.2B	$1.4B – $2.7B	$2.3B (+6%)	after a round	200	growing	B	0%
1 Jun 2023	$2.3B	$1.4B – $2.7B	$2.3B (+3%)	after a round	200	growing	B	0%
1 Jul 2023	$2.3B	$1.4B – $2.7B	$2.3B (0%)	after a round	200	growing	B	0%
1 Aug 2023	$2.3B	$1.4B – $2.7B	$2.3B (0%)	after a round	200	growing	B	0%
1 Sep 2023	$2.3B	$1.4B – $2.7B	$2.3B (0%)	after a round	200	growing	B	0%
1 Oct 2023	$2.4B	$1.2B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Nov 2023	$2.4B	$1.2B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Dec 2023	$2.4B	$1.2B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Jan 2024	$2.4B	$1.1B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Feb 2024	$2.4B	$1.1B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Mar 2024	$2.4B	$1.0B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Apr 2024	$2.4B	$1.0B – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 May 2024	$2.4B	$974M – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Jun 2024	$2.4B	$939M – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Jul 2024	$2.4B	$858M – $2.7B	$2.4B (0%)	after a round	210	flat	B	0%
1 Aug 2024	$2.4B	$824M – $2.7B	$2.4B (-1%)	after a round	220	flat	B	0%
1 Sep 2024	$2.4B	$783M – $2.7B	$2.3B (-2%)	after a round	220	flat	C	0%
1 Oct 2024	$2.4B	$746M – $2.7B	$2.3B (-2%)	after a round	220	flat	C	0%
1 Nov 2024	$2.4B	$1.2B – $2.8B	$2.4B (-2%)	after a round	240	up	B	0%
1 Dec 2024	$2.4B	$1.2B – $2.8B	$2.4B (-2%)	after a round	240	up	B	0%
1 Jan 2025	$2.4B	$1.2B – $2.8B	$2.4B (-3%)	after a round	240	up	B	0%
1 Feb 2025	$2.4B	$1.1B – $2.8B	$2.3B (-3%)	after a round	240	up	B	0%
1 Mar 2025	$2.4B	$1.1B – $2.8B	$2.3B (-4%)	after a round	240	up	B	0%
1 Apr 2025	$2.4B	$1.1B – $2.8B	$2.3B (-4%)	after a round	240	up	B	0%
1 May 2025	$2.4B	$1.1B – $2.8B	$2.3B (-5%)	after a round	240	up	B	0%
1 Jun 2025	$2.4B	$1.1B – $2.8B	$2.3B (-5%)	after a round	240	up	B	0%
1 Jul 2025	$2.4B	$819M – $2.8B	$2.3B (-6%)	after a round	240	up	C	0%
1 Aug 2025	$2.4B	$803M – $2.8B	$2.4B (-3%)	after a round	254	up	C	0%
1 Sep 2025	$2.4B	$779M – $2.8B	$2.4B (-3%)	after a round	256	up	C	0%
1 Oct 2025	$2.4B	$754M – $2.8B	$2.3B (-5%)	after a round	256	up	C	0%
1 Nov 2025	$2.4B	$732M – $2.8B	$2.3B (-5%)	after a round	259	up	C	0%
1 Dec 2025	$2.4B	$717M – $2.8B	$2.3B (-4%)	after a round	273	up	C	0%
1 Jan 2026	$2.4B	$694M – $2.8B	$2.3B (-4%)	after a round	273	up	C	0%
1 Feb 2026	$2.4B	$672M – $2.8B	$2.4B (-4%)	after a round	273	up	C	0%
1 Mar 2026	$2.4B	$652M – $2.8B	$2.3B (-6%)	after a round	273	up	C	0%
1 Apr 2026	$2.4B	$631M – $2.7B	$2.3B (-6%)	after a round	273	up	C	0%
1 May 2026	$2.4B	$618M – $2.8B	$2.3B (-4%)	after a round	286	up	C	0%
1 Jun 2026	$2.4B	$598M – $2.8B	$2.3B (-6%)	after a round	287	up	C	0%
1 Jul 2026	$2.4B	$478M – $2.7B	$2.2B (-6%)	after a round	287	up	C	0%
1 Aug 2026	$2.4B	$460M – $2.7B	$2.2B (-6%)	after a round	287	up	C	0%
1 Sep 2026	$2.4B	$444M – $2.7B	$2.2B (-6%)	after a round	287	up	C	0%
1 Oct 2026	$2.4B	$431M – $2.8B	$2.3B (-4%)	after a round	297	up	C	0%
24 Oct 2026	$1.6B	$278M – $2.8B	$1.5B (-4%)	after a round	297	up	D	0%

Key facts about Pave

Founded: 2012
Headquarters: San Francisco, United States
Employees: about 297 +16% in a year
Total raised: $462M
Funding rounds: 4
Last round: Series C Jun 2022

Pave funding history

Pave has 4 funding rounds on record, from Dec 2015 to Jun 2022, $462M in total. The latest disclosed valuation is $1.60B post-money (Series C, Jun 2022).

Series C 28 Jun 2022
Led by Index Ventures; with Andreessen Horowitz, Y Combinator, LocalGlobe, Craft Ventures, Original Capital, Backend Capital, Contrary.
Sources: pave.com, prnewswire.com, finsmes.com and 1 more
$100M
$1.60B post-money
Series B 10 Aug 2021
Led by Y Combinator; with Andreessen Horowitz, Bessemer Venture Partners.
Sources: finsmes.com, techrseries.com, joinodf.com and 2 more
$46M
$400M post-money
Series A 3 Dec 2020
Led by Andreessen Horowitz; with Bessemer Venture Partners, Bezos Expeditions, Dash Fund, Y Combinator.
Sources: finsmes.com, techcrunch.com
$16M
$75M post-money
Debt 18 Dec 2015no round page
Led by Seer Capital.
Sources: vator.tv, news.fintech.io, finsmes.com and 1 more
$300M

Pave investors

12 investors have backed Pave; Andreessen Horowitz, Y Combinator and Index Ventures and 1 more led at least one round.

What Pave does

Pave works in tech companies, with 14 recorded offerings and customers in human resources.

Trove Information Technologies, Inc., known as Pave, is an American software company engaged in compensation management software and AI-powered compensation analytics. The company provides a suite of products designed to support businesses in benchmarking pay, pricing jobs, running merit cycles, and communicating total rewards. Pave serves a diverse clientele, including startups, global enterprises, and major corporations, and utilizes AI and machine learning to enhance its offerings.

Description from Veridion's company data.

Products and services

Compensation Management Software Development
AI-Powered Compensation Analytics Solutions
Pay Benchmarking Data Services
Job Pricing Analytics Services
Compensation Planning Solutions
Total Rewards Communication Tools Development
Visual Offer Letter Software Development
Predictive Compensation Insights Delivery
Real-Time Compensation Data Delivery
Compensation Merit Cycle Management Solutions
Compensation Data Analytics Services
Compensation Decision Support Solutions
Compensation Process Automation Solutions
Compensation Communication Platform Development

Markets

Human Resources

Technology

AI and Machine Learning for Compensation Analytics
Predictive Machine Learning for Compensation Insights

Business model

Business-to-Business
Software-as-a-Service
Enterprise

Industry codes (NAICS)

513210 Software Publishers 100% match

Questions about Pave

What is Pave worth?

Valuation $1.6B (range $278M to $2.8B), as of 24 Oct 2026. The last disclosed valuation was $1.60B (Series C, Jun 2022).

Has Pave raised money?

Pave has 4 funding rounds on record, from Dec 2015 to Jun 2022, $462M in total. The latest disclosed valuation is $1.60B post-money (Series C, Jun 2022).

Who has invested in Pave?

Andreessen Horowitz, Y Combinator, Index Ventures, Seer Capital, Bessemer Venture Partners and Backend Capital, and 6 more. Lead investors include Andreessen Horowitz, Y Combinator, Index Ventures and Seer Capital.

How many people work at Pave?

About 297, up 16% over the last year. Headcount grew from 15 in Jan 2021 to 297 in Sep 2026.

What does Pave do?

Pave works in tech companies, with 14 recorded offerings and customers in human resources. Its main offerings are compensation management software development, AI-Powered compensation analytics solutions and pay benchmarking data services.

When was Pave founded, and where is it based?

Pave was founded in 2012 and is based in San Francisco, United States. It has about 297 employees, up 16% over the last year.

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