OpenComp
San Francisco, US · Founded 2019 · Delaware LLC · 3 known investors
OpenComp is a San Francisco compensation intelligence platform for salary benchmarking, pay equity and comp planning.
Also known as OpenComp, Inc.
Founders & leadership
OpenComp was founded in 2019 by Thanh Nguyen.
Investors · 3
Also in the syndicate · 2
Reported raises · per SEC filings
Form D private placements$4.7M disclosed across 1 of 3 rounds · 2021–2022
▶$4.7MraisedMar 2021 · 38 investors · OtherRule 506(b)
- Thanh NguyenExecutive Officer
- Nancy ConneryExecutive Officer
- Offering amount
- $5M
- Amount sold
- $4.7M
- First sale
- Jan 2021
- Incorporated
- Limited Liability Company, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026OpenComp is a San Francisco, California-based enterprise software company that operates a cloud-based compensation intelligence platform. The product is used by businesses to manage salary benchmarking, pay equity analysis and compensation planning, and is categorized across HR, business intelligence, compliance and vertical SaaS segments.
The platform combines market compensation data, planning tools, analytics and professional consultation in a single system, with capabilities described as including salary bands, HRIS integration, people analytics, DEI reporting and API access. The company positions the offering toward high-growth companies seeking to set pay levels and pay employees fairly.
Founding story
OpenComp was founded in San Francisco by Thanh Nguyen and Nancy Connery. Nguyen, the co-founder and CEO, previously spent nearly nine years leading Rewards and holding domestic and international HR and talent leadership roles at Salesforce.com, and was subsequently a partner at Connery Consulting, advising founders and investors on compensation and HR strategy for technology companies including Airbnb, Coinbase, Figma, Lyft, Pinterest and Uber.
Business model
B2B software sold on a subscription SaaS basis, with an accompanying services and consulting component (professional compensation consultation alongside the platform).
Subscription SaaS revenue, supplemented by services and consulting.
Traction
Total funding raised is reported at $24.6 million, with an employee count of 14 recorded on a private-market data profile and a self-reported company size range of 11-50. Customers cited include Healthy Together, Medium, MUX, Octant, Superhuman and Udacity. Monthly website visitors were reported at 4,200 as of December 2024, up 31% month over month.
Latest developments
A market signal dated December 16, 2024 recorded monthly website visitors rising 31% month over month to 4,200. The most recent recorded funding event is the February 2022 Series A.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Operates in the compensation management and HR technology market; companies identified as similar by industry and business-model comparison include Complete, Payfederate and Comprehensive.
Positions its approach around combining trusted market data with planning, analytics and professional consultation in one platform, and argues that market data alone is insufficient for setting salary ranges under pay transparency requirements.
Technology
A cloud-based compensation intelligence application layer built on market compensation data, with planning and analytics tooling, salary band construction, HRIS integration, API access and DEI/pay equity reporting.
Go-to-market
Sells directly to companies as a B2B subscription platform, paired with consulting services; the CEO also publishes thought-leadership articles on pay transparency, pay equity and compensation strategy through the Forbes Business Council.
High-growth and technology companies that need compensation benchmarking, planning and pay equity capabilities; named users include Healthy Together, Medium, MUX, Octant, Superhuman and Udacity.
Geography
Headquartered in San Francisco, California, United States.
History
Following its founding in San Francisco, the company raised a seed round in March 2021 and a $20 million Series A announced in February 2022, bringing total reported funding to $24.6 million. Investors across those rounds include J.P. Morgan, K5 Global, Circle Ventures and 8VC. The company remains privately held.
Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsOpenComp raised a $20 million round led by J.P. Morgan and K5 Global, with participation from Circle Ventures and 8VC.
$20M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 2
primary sources listed
- OpenComp | Valuation, Funding Rounds & Stock Price | Caplightcaplight.com · web
2 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does OpenComp do?
- OpenComp is a San Francisco compensation intelligence platform for salary benchmarking, pay equity and comp planning.
- Who founded OpenComp?
- OpenComp was founded by Thanh Nguyen in 2019.
- Who are OpenComp's investors?
- OpenComp's investors include Mantis Capital.
- How much funding has OpenComp raised?
- OpenComp has disclosed $4.7M raised across 1 of its 3 known rounds.
- Where is OpenComp headquartered?
- OpenComp is headquartered in San Francisco, US.