PayScale Lands $7M

7/6/11

PayScale, a Seattle company that provides real-time compensation data to employers and employees, says it has raised a $7 million financing round to expand sales and marketing. SAP Ventures was the lead investor, joined by Burke Dale Victor, Fluke Venture Partners, Madrona Venture Group, SAP Ventures, and Trinity Ventures. In a statement, CEO Mike Metzger says PayScale has more than doubled its business subscription customers in the past 18 months. PayScale says its dataset now includes nearly 30 million unique career profiles.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @

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