PayScale, a Seattle company that provides real-time compensation data to employers and employees, says it has raised a $7 million financing round to expand sales and marketing. SAP Ventures was the lead investor, joined by Burke Dale Victor, Fluke Venture Partners, Madrona Venture Group, SAP Ventures, and Trinity Ventures. In a statement, CEO Mike Metzger says PayScale has more than doubled its business subscription customers in the past 18 months. PayScale says its dataset now includes nearly 30 million unique career profiles.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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