San Francisco, CA – Aeqium, a software development company based in San Francisco, California, announced it has closed an undisclosed seed funding round. The round was led by venture capital firms Vestigo Ventures and Ridge Ventures.

Founded by Peter McKee, Aeqium is on a mission to help leaders focus on leading rather than managing paperwork and details associated with compensating their teams fairly and effectively. McKee has brought together an experienced team of product developers from companies like Uber, Google, Amazon, Palantir, Braze, and Walmart Labs to build products that make data-driven management automatic.

“We are thrilled to have the support of these top investors who understand our passion for building something better," said McKee. “We believe modernizing compensation management is the first step towards relieving the pain points felt by managers and people teams around the world." 

This funding will be used to expand Aeqium's operations as well as continue developing its platform.