Barley, a Toronto, Canada-based compensation management platform provider, raised $4M in Seed funding.The round was led by Golden Ventures with participation from Union Capital.The company intends to use the funds for product development and expansion of its go-to-market teams.Led by CEO Jafar Owainati and CPO William Mainguy, Barley is compensation management software that makes it easy to structure, analyze and manage compensation – monitoring changing pay trends in the market. Businesses use it to simplify and optimize their approach to compensation, enabling them to attract more top candidates, reduce turnover, and improve pay transparency and pay equity. The company established a market foothold while in private beta, bringing on early customers such as Affinity, Flinks and Properly, and launching integrations with HR and ATS platforms such as ADP, BambooHR, Greenhouse and Lever. FinSMEs08/03/2023

Barley, a compensation management platform that makes it easy for companies to structure, analyze and manage pay, launches today with $4 million in seed funding led by Golden Ventures with participation from Union Capital, an investor collective that includes prominent technology leaders at Facebook, Google, Shopify, and Uber.