Why We Invested — Figures
We are excited to share our most recent investment in Figures. You can find more about their announcement here. We believe a future of sustainable work requires fair and equitable pay. It’s a core pillar of our thesis. Figures aims to make employee compensation more transparent and equitable by using a data and machine learning to guide key decisions that resolve gender pay gap, remote pay insights, and team compensation, among other insights.
Both Thomas and I have watched the compensation market for nearly 2 decades even having a hand in building compensation products at Cornerstone and SuccessFactors respectfully. Compensation is a hard problem to solve. The data is often inaccurate (based on the way it is captured) and the flexibility required to support different rules and regulations by country have been challenging to build elegantly into an open platform. Figures is doing both in a very unique way, capturing data in real-time, and we are excited about their vision for companies of all sizes to easily manage compensation globally.
Based in Paris, Figures was founded by Virgile Raingeard and Bastien Formery. Two key attributes we look for in founders is obsession and endurance. Do the founders obsess over solving a big problem and do we think they have the stamina to managed the ups and downs of building a large, durable business? Both of these attributes came across in our first meeting with Virgile. They’ve been just as impressed in their ability to build and iterate the product quickly.
We are thrilled to partner with Point Nine, Entree Capital, and existing investors. The company has already built some strong momentum, working with over 750 companies across 6 countries, and its just the beginning.
Check them out and book a demo now!