Company Overview
Snapshot
Founded in May 2020 by Amit Rapaport and Jonathan Wasserman, Compete operates with 11–50 employees. The company has raised $17.5 million across two funding rounds from five investors. In March 2022, Compete secured a Series A funding round with Tiger Global as a lead investor.
Business overview
Compete provides a real-time compensation and benefit benchmarking platform designed for HR leaders, CEOs, and finance leaders. Its core technology offers data and advanced filtering capabilities on various roles within the tech industry, delivering insights into complete compensation packages, including parental leave, remote work policies, and health benefits. The platform serves the Human Resources Management sector within Business Software, targeting enterprise and professional services to help companies hire and retain talent effectively.
Strategic signal
In September 2022, Compete implemented a workforce reduction, laying off 11 employees from its HR, marketing, and sales departments. This strategic adjustment, occurring six months after a $15 million Series A funding round, signals the company's proactive response to market slowdowns and macroeconomic pressures within the global tech industry, aiming to secure continued growth through operational efficiency.
Log in to access full profile ›Company Intelligence Q&A
- What is Compete's primary offering?
- Compete offers a real-time compensation and benefit benchmarking platform that enables HR leaders, CEOs, and finance leaders to plan their people budget for effective talent acquisition and retention.
- Who founded Compete and when?
- Compete was founded in May 2020 by Amit Rapaport and Jonathan Wasserman.
- What was a significant funding event for Compete?
- In March 2022, Compete raised a Series A funding round, with Tiger Global participating as a lead investor.
- What strategic operational change did Compete implement in 2022?
- In September 2022, Compete laid off 11 employees, representing over a quarter of its workforce, across its HR, marketing, and sales departments as part of a plan to ensure continued growth amid market slowdowns.
- Which companies are among Compete's customers?
- Compete serves a range of global tech companies, including Flipkart, Deputy, Uber, Fiverr, and Appsflyer.