Compete News
4 articles
growth-negative
Compete cuts a quarter of its workforce six months after raising $15 million | CTech
Israeli startup Compete is laying off 11 employees, more than a quarter of its workforce, from its HR, marketing, and sales departments. Compete raised $15 million in a Series A funding round led by Tiger Global in March 2022. The company provides a platform for real-time compensation and benefits benchmarking. The layoffs are part of a cutback plan to secure the companys continued growth in response to the slowdown in the markets and the effects of the macro-economic figures on the global tech industry.
Layoffs
growth-positive
Compete raises $15 million Series A for employee compensation and benefits benchmarking CTech
Compete, a platform for real-time compensation and benefits benchmarking, has raised $15 million in Series A funding. The funding will support the companys growth and development of more effective workforce management strategies. Competes platform provides insights into compensation package data, real-time benchmarking, advanced analytics, and tailored insights for hiring decisions and retention. The company was founded by Amit Rapaport and Yoni Wasserman and is focused on meeting the needs of tech companies. Compete currently has 37 employees and serves customers such as Ocrolus, Monday.com, Appsflyer, Fiverr, and Lemonade.
CustomersInvestment
growth-positive
Compete is helping companies win the battle over talent CTech
Compete, an HR-tech platform, is helping companies gain a competitive edge in the job market by providing real-time insights on compensation and benefits benchmarks at tech companies. The platform allows companies to anonymously view what their competitors are paying their employees, helping them recruit better and improve employee retention and satisfaction. Compete recently raised $2.5 million in a Seed round led by Aleph. The company, founded by Amit Rapaport and Yoni Wasserman, has a female-led management team and aims to close the gender pay gap in the tech industry. Competes customers include Israeli unicorns such as monday.com, ironSource, AppsFlyer, Gong.io, and Lemonade.
InvestmentExpand
https://www.competewith.com/uncategorized/announcing-our-seed-round/
