Tuesday, July 31, 2007

PayScale Gets $10.3M In Series C

Seattle-based PayScale said today that it has secured an investment from SAP Ventures, closing out its Series C funding. PayScale said that it raised $10.3M in the round, which also included investments from the Corporate Executive Board, Allen & Company, and its prior investors. PayScale said it will use the funding to further develop its salary product set and expand its Fortune 1000 footprint. PayScale operates an online service which helps companies and employees compare their salaries to others. The firm had announced an initial $8.8M investment in the Series C round earlier this month. More information »