Trove provides a platform that helps employers, particularly startups, visualize employee earnings across different valuation scenarios and communicate total compensation packages. Its product focuses on modeling stock options and clarifying cash-versus-equity tradeoffs for managers and employees. The company is positioning itself to address complications from remote work and shifting perks that affect pay. Trove graduated from Y Combinator's summer cohort but deferred Demo Day after raising capital. It was founded by Matthew Schulman, a former Facebook software engineer and graduate of the University of Pennsylvania Engineering and Wharton schools. Trove raised an $850,000 pre-seed in March and is raising a $16 million round at a reported $75 million post-money valuation; California filings show it was selling 8 million shares as of August 20 and the company continues to close out the round.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2020