MENLO PARK, Calif., Oct. 19 /PRNewswire/ -- Leader Ventures, an investment firm offering blended debt and equity financing, announced today that they are providing working capital financing to PayScale, a market leader in global online compensation data.
Every day tens of thousands of people take PayScale's salary survey to compare their pay anonymously with their peers and improve their understanding of the job market. Using an advanced search and proprietary matching technology, PayScale finds a relevant peer group from its dataset that matches the user-provided job information. The system allows every user's job profile to be unique and relevant to his/her different job requirements. This creates a level of accuracy that cannot be achieved with traditional methodologies and allows individuals to better understand earning potential.
PayScale's flagship HR compensation solution, PayScale Insight, enables HR/Comp professionals, in small, medium and large companies to benchmark their workforce and align their compensation strategies with their overall business goals. The availability of a web-based suite of compensation tools like PayScale Insight is a crucial ingredient in helping business leaders manage and recruit talent and make strategic HR decisions amidst unprecedented and volatile business and economic circumstances.
"PayScale is a fast growing start-up firm looking for a financing partner to provide flexible support," said Patrick Gordan, managing director at Leader Ventures. "At Leader Ventures, we pride ourselves at our ability to offer just that and therefore help manage and accelerate PayScale's growth."
"Leader Ventures has been an excellent partner for PayScale. They understand the needs of our company, recognizing the market opportunity and providing outstanding support for us –both financially and with their management team," said Mike Metzger, CEO of PayScale.
PayScale.com (www.payscale.com) is the leading online provider of employee compensation data. With the world's largest database of individual compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries to employees and employers. PayScale's patent-pending, real-time profiling technology collects and indexes employee pay attributes worldwide and makes this compensation data available through its online salary tools and salary benchmarking reports. PayScale was founded in 2002 and is headquartered in Seattle. For more information, visit: www.payscale.com/about.asp
About Leader Ventures:
Leader Ventures is a private investment firm providing blended debt and equity financing to a diversified portfolio of private and public companies. With offices in San Francisco and Menlo Park, the firm invests primarily in the U.S. and employs a variety of loan plus equity structures to invest in companies at different developmental stages, across diverse industry segments. For more information, please visit www.leaderventures.com.
SOURCE Leader Ventures