Trove raises $16 Million Series A round and unveils rebranding to Pave - Breaking News
Summary
It announced today that it raised US$ 16 million in Series A funding led by Andreessen Horowitz and unveiled its rebrand to Pave. We’re excited to bring this reality to life by expanding companies’ access to real-time benchmarking tools and insights.” What Andreessen Horowitz (a16z) has to say Kristina Shen, General Partner at a16z said, “Legacy methods of manually gathering compensation data are incredibly tedious and often result in out-dated, irrelevant figures. The startup provides a set of tools to plan and communicate total compensation, eliminating confusion around the property, and helping employees dream big about their future. The Pave suite integrates with dozens of applicant process, HR, and compensation planning tools, including Greenhouse, TriNet, BambooHR, Namely, Carta, Lever, ADP, Workday, Jobvite, Shareworks, Rippling, Justworks, Paylocity, Sapling, UltiPro, and E-Trade. It favours investing in the social media business and technology sector with a centre on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software-related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.
