Compete

Company Overview

Snapshot

Founded in May 2020 by Amit Rapaport and Jonathan Wasserman, Compete operates with 11–50 employees. The company has raised a total of $17.5 million across 2 funding rounds from 5 investors. In March 2022, Compete secured its Series A funding round.

Business overview

Compete offers a real-time compensation and benefit benchmarking platform designed for HR leaders, CEOs, and finance leaders. The platform enables effective planning of people budgets to hire and retain top talent. It provides data and advanced filtering capabilities on various tech roles, offering immediate insights into complete compensation packages, including parental leave, work-from-home policies, and health benefits. Built by HR professionals, Compete serves the Business Software sector, specifically focusing on Human Resources Management solutions.

Strategic signal

In September 2022, Compete reduced its workforce by a quarter, six months after raising a $15 million Series A round. This operational adjustment signals a strategic recalibration in response to market conditions or internal performance, indicating a focus on efficiency and sustainable growth for investors and innovation teams.

Company Intelligence Q&A

What is Compete's core offering?

Compete provides a real-time compensation and benefit benchmarking platform that helps HR leaders, CEOs, and finance leaders plan their people budget to effectively hire and retain top talent.

When was Compete founded and by whom?

Compete was founded in May 2020 by co-founders Amit Rapaport and Jonathan Wasserman.

Which investors participated in Compete's Series A funding round?

In March 2022, Compete secured its Series A funding round with participation from investors including Tiger Global Management.

What significant operational change did Compete undergo in late 2022?

In September 2022, Compete implemented a workforce reduction, cutting a quarter of its employees.

Which investors participated in Compete's Seed funding round?

In June 2021, Compete completed its Seed funding round with participation from investors including Aleph and Vine Ventures.