FundedIQ
Administrative Services

Pave: Funding, Investors & Team (Sep 2026)

Clear use ongoing HR and value mixes to assist organizations with arranging, impart, and benchmark remuneration. Clear gives continuous remuneration straightforwardness instruments that track, measure, and convey the all out pay of workers. Clear permits clients to pursue more brilliant comp choices and dispose of bookkeeping sheets, fueled by ongoing reconciliations with HRIS, ATS, and Cap Table.

www.pave.com LinkedIn San Francisco, United States 101-250 employees
Employee Benefits Internet Real Time Software B2B
Total raised
$162M
Rounds
3
Latest
Series C
Jun 2022

Pave has raised $162M across 3 funding rounds on record, the most recent a Series C of $100M announced in Jun 2022.

That round is above the $4.7M median round size for Administrative Services companies tracked on FundedIQ over the last two years.

Pave Company Profile and Key Stats

Total funding raised
$162M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Series C
$100M in Jun 2022
Employees
101-250
reported band
Headquarters
San Francisco, United States

Latest funding round on record: Jun 2022.

Pave Funding Rounds

Date
Round
Amount
Series C
$100M
Series B
$46.0M
Undisclosed round
$16.0M

Pave raised $16.0M in an undisclosed round announced in Dec 2020.

8 months later, a Series B of $46.0M was announced in Aug 2021.

10 months later, a Series C of $100M was announced in Jun 2022.

Pave Founders and Leadership Team

Name
Role
Contact
Armand Farrokh
Founder
Matt Schulman
CEO
Locked

Contact details for the Pave team: 1 of 2 have an email address on file.

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Pave Funding Compared to Other Administrative Services Startups

Segment
Companies
Median round
29,795
$7.5M
1,822
$58M

Pave's latest round of $100M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.

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Pave Funding FAQs

What does Pave do?

Clear use ongoing HR and value mixes to assist organizations with arranging, impart, and benchmark remuneration. Clear gives continuous remuneration straightforwardness instruments that track, measure, and convey the all out pay of workers. Clear permits clients to pursue more brilliant comp choices and dispose of bookkeeping sheets, fueled by ongoing reconciliations with HRIS, ATS, and Cap Table.

How much funding has Pave raised?

Pave has raised $162M across 3 rounds on record. The most recent is a Series C of $100M announced in Jun 2022.

When did Pave last raise funding?

Pave's most recent funding round on record is a Series C of $100M, announced in Jun 2022.

Who founded Pave?

FundedIQ lists Armand Farrokh (Founder) at Pave.

Who is the CEO of Pave?

Matt Schulman is listed as CEO at Pave.

Where is Pave headquartered?

Pave is based in San Francisco, California, United States.

How many employees does Pave have?

Pave is in the 101-250 employee band.

How does Pave's funding compare to other Administrative Services startups?

Pave's latest round of $100M is above the $4.7M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.

About FundedIQ's Pave Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Pave is left off this page rather than filled in.

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