July 18, 2022
Platforms Pave and Gloat announced funding rounds. Mitratech acquired AssureHire while Darby Dental Supply announced a strategic partnership with onDiem.
Pave, a San Francisco-based firm that provides a platform for benchmarking employee pay, raised $100 million in a series C funding round. It’s now valued at $1.6 billion. Pave also announced that it acquired Advanced-HR, a provider of compensation data for venture capital and private firms, from Morgan Stanley.
The series C round was led by Index Ventures. With the funding, Mark Goldberg, a partner at Index Ventures, will join Pave’s board. Others that participated in the funding round included Andreessen Horowitz, LinkedIn CEO Jeff Weiner and former Facebook VP of HR Tudor Havriliuc.
Pave was founded in 2019. It now reports 150 employees and more than 2,500 customers.
Gloat announced a $90 million series D funding round. TechCrunch describes the firm as an internal marketplace for corporate talent and reported the firm has raised $192 million so far.
Leading the round was Generation Investment Management, an investment firm co-founded and chaired by former US Vice President Al Gore. There was participation by Accel, Eight Roads Ventures, Intel Capital and Lumir Ventures.
New York-based Gloat reported it has users in 120 countries.
Mitratech, a provider of legal, compliance and HR software based in Austin, Texas, acquired AssureHire, a background screening firm based in Rocklin, California.
Plans call for Mitratech to combine AssureHire with its Tracker I-9 compliance product.
onDiem, Darby Dental Supply
Darby Dental Supply, one of the largest dental distributors in the US, announced a strategic partnership with onDiem, a staffing platform that connects dental practices with vetted on-demand dentists, dental hygienists, dental assistants and front-office professionals. The collaboration provides a solution for everyday staffing, HR and payroll needs.
Founded in Portland, Oregon, in 2017, onDiem’s staffing platform connects dental practices and dental professionals nationwide.
“By taking the hassle and worry out of paying temporary staff, onDiem helps dentists stay compliant so they can focus on what’s most important to them — growing their business and ensuring patients have ready access to high-quality care,” said Joe Fogg, founder and CEO of onDiem.