When was Pave founded?

Pave was founded in 2012 and became a unicorn in 2022.

Where is Pave located?

Pave is headquartered in San Francisco, United States. It is registered at San Francisco.

Who is the current CEO of Pave?

Matt Schulman of Pave. They have also founded 1 company.

How many employees does Pave have?

As of Jun 30, 2026, the latest employee count at Pave is 289.

Is Pave a funded company?

Pave is a funded company, having raised a total of $175M across 19 funding rounds to date. The company's 1st funding round was a $5M Series A round, raised on Oct 30, 2012.

How much is Pave worth?

The latest valuation of Pave is $1.6B as of Jun 28, 2022.

When was the latest funding round of Pave?

Pave's latest funding was a $96.8K Grant (prize money) round on 2024, with participation from 1 investor.

Is Pave a Data as a Service company?

The primary sectors of Pave are Data as a Service and HRTech.

Where does Pave rank among its competitors?

Pave ranks 6th amongst 176 active competitors, of which 30 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was BetterComp, which secured $350K in May, 2026.

Who are the top competitors of Pave?

Pave's top competitors include PayScale, HRsoft and QuotaPath. Among them, BetterComp secured the most recent funding round in May, 2026.

Pave - 2026 Company Profile, Team, Funding & Competitors

Pave is a series C company based in San Francisco (United States), founded in 2012 by Sal Lahoud, Matt Schulman, Oren Bass and Justin Mitchell. It operates as a Provider of compensation management software for businesses of all sizes. Pave has raised $175M in funding from investors like Seer Capital Management, Y Combinator and Andreessen Horowitz, with a current valuation of $1.6B. The company has 176 active competitors, including 30 funded and 24 that have exited. Its top competitors include companies like PayScale, HRsoft and QuotaPath.

Company Details

Provider of compensation management software for businesses of all sizes. The platform offers tools for benchmarking compensation, pricing jobs, managing salary ranges, and planning merit cycles. It also facilitates communication of total rewards. The software uses real-time data, machine learning, and artificial intelligence to inform pay decisions.

Website: pave.com
Social
Email ID: *****@pave.com
Registered Address: San Francisco

Key Metrics

Founded Year

2012

Location

San Francisco, United States

Stage

Series C

Total Funding

$175M in 19 rounds

Latest Funding Round

Grant (prize money), 2024, $96.8K

Post Money Valuation

$1.6B as on Jun 28, 2022

Investors

Seer Capital Management & 31 more

Ranked

6^th among 176 active competitors

Employee Count

289 as on Jun 30, 2026

Investment & Acquisitions

AdvacedHR & 2 more

Similar Companies

PayScale & 194 more

View Pave's full profile

Pave is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Trove Information Technologies, Inc. CIN: 84-3357831 , United States, Active	Oct 13, 2019	-	139 (As on Dec 31, 2024)	-

Pave has raised a total funding of $175M over 19 rounds. Its first funding round was on Oct 30, 2012. Its latest funding round was a Grant (prize money) round on 2024 for $96.8K. 1 investor participated in its latest round. Pave has 28 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Pave:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2024	$96.8K	Grant (prize money)	-	-	-	HRSA
2023	$80.4K	Grant (prize money)	-	-	-	HRSA
Jun 28, 2022	$100M	Series C	$1.6B	-	Index Ventures	Andreessen Horowitz, LocalGlobe, Craft Ventures, Original Capital, Backend Capital, Contrary, Y Combinator, Jeff Weiner, Tudor Havriliuc

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View details of Pave's funding rounds and investors

The founders of Pave are Sal Lahoud, Matt Schulman, Oren Bass and Justin Mitchell. Matt Schulman is the CEO of Pave.

Here are the details of Pave's key team members:

Sal Lahoud: Co-Founder of Pave.
Matt Schulman: Co-Founder & CEO of Pave and founder of 1 other company.
Contact Info: 2 email addresses
Oren Bass: Co-Founder of Pave.
Justin Mitchell: Former Co-Founder of Pave.
Contact Info: 1 email address

View details of Pave's Founder profiles and Board Members

Pave's employee count trend

Pave has 289 employees as of Jun 26. Here is Pave's employee count trend over the years:

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Top competitors of Pave include PayScale, HRsoft and QuotaPath. Here is the list of Top 10 competitors of Pave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayScale 2002, Seattle (United States), Acquired	Offers payroll compensation management software	$118M	Mercer, Allen & Company & 11 others	74/100
2nd	HRsoft 1996, Maitland (United States), Acquired	Cloud-based compensation management software	$1.25M	RK Ventures, Riverside & 3 others	65/100
3rd	QuotaPath 2018, Philadelphia (United States), Series B	SaaS-based performance management system for sales professionals	$67.3M	ATX Venture Partners, Insight Partners & 7 others	63/100
4th	Salary.com 1999, Waltham (United States), Acquired	Total compensation management and salary data solutions for pay equity	$67M	Accel-KKR, Wells Fargo & 4 others	61/100
5th	Syndio 2009, Seattle (United States), Acquired	Provider of compensation decision intelligence platform for pay equity and compliance	$83M	Bessemer Venture Partners, Emerson Collective ... & 15 others	61/100
6th	Pave 2012, San Francisco (United States), Series C	Provider of compensation management software for businesses of all sizes	$175M	Hanover Capital, Insight Partners & 30 others	60/100
7th	Coverflex 2019, Braga (Portugal), Series A	Cloud-based payroll management platform for compensation planning	$22.2M	SCOR, Breega & 18 others	59/100
8th	CandorIQ 2023, San Francisco (United States), Seed	Platform offering headcount and compensation management solutions	$5.3M	Array Ventures, CRV & 3 others	58/100
9th	Pequity 2019, San Francisco (United States), Acquired	Provider of compensation management software for human resources and finance	$19M	Norwest, Scribble Ventures & 2 others	55/100
10th	BetterComp 2019, Walnut Creek (United States), Series A	Provider of compensation market pricing technology solutions for enterprises	$38.6M	Ten Coves Capital	53/100

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Pave has acquired 3 companies including AdvacedHR, Option Impact and AdvacedHR. Pave has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 18, 2022	Acquisition	AdvacedHR	1997	San Francisco (United States)
Jun 28, 2022	Acquisition	Option Impact	1999	United States
Feb 21, 2018	Acquisition	AdvacedHR	1997	San Francisco (United States)