Tuesday, October 19, 2010

PayScale Gets Working Capital Line

Seattle-based PayScale, an online site which provides information about wages and pay for users at different companies, has scored a line of working capital from lender Leader Ventures. Leader, which did not disclose the size or terms of that working line, said the funding will go to help PayScale's growth. Leader provides blended debt and equity financing to venture-backed firms, and is based in Silicon Valley. PayScale is headed by Mite Metzger, and is venture backed by such firm as Allen & Co., Fluke Venture Partners, Madrona Venture Group, SAP Ventures, Montlake, and Trinity Ventures.