SAN FRANCISCO, CA, OpenComp, a provider in compensation intelligence solutions, has closed $20 million in Series A funding, led by K5 Global and J.P. Morgan, with returning investor TIME Ventures (the investment fund for Marc Benioff) and additional investors 8VC, Circle Ventures and Mantis Ventures.

Founded in 2021 by Thanh Nguyen and Nancy Connery, Salesforce's founding HR team, OpenComp empowers high-growth companies to confidently make the best business decisions with compensation intelligence. More than 2,000 companies use OpenComp to attract and empower top talent in fair, consistent ways, including Calm, DataRobot, Discord, DrChrono, Figma, Medium, Mosaic, Mux, and Reddit.