PayAnalytics closed a Series A funding round from Eyrir Vöxtur and existing investor NSA Ventures.
PayAnalytics is a software solution that enables human resources managers and consultants to conduct their own salary review, measure gender and other demographic discrepancies in pay, and offers recommendations on how to close pay gaps. The software, which was released three years ago is now being used by companies ranging from 30-100,000 employees, in 43 countries across 6 continents.
“We could not envision better investors than Eyrir and NSA Ventures” says Margrét Vilborg Bjarnadóttir, founder and chairman at PayAnalytics. She goes on to add that “the goal is to multiply our sales over the next two years”.
This marks yet another successful advisory mandate for Venero Capital Advisors–the #1 ranked international corporate finance advisory firm for businesses in HR Tech and the Future of Work. More WorkTech/HRTech companies trust Venero Capital Advisors to deliver a successful M&A transaction than any other investment bank. We are incredibly proud to be the financial advisor of choice for Future of Work businesses globally.
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent investment banking services to founder-led businesses globally. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework. For more information, please visit www.venerocapitaladvisors.com
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