Portland, Ore.-based startup Pasito raised a $3.25 million seed round to fuel growth of its software that helps companies manage employee healthcare and wealth benefits.
The 9-person startup, which graduated from Y Combinator earlier this year, integrates its software with a company’s HR system and analyzes personal data for benefit recommendations. The idea is to help both companies and employees save money.
Pasito, which means “small step” in Spanish, competes in a crowded industry with HR tech companies large and small also aiming to improve the employee benefit experience.
Pasito is led by Pauline Roteta, a former BlackRock investor who is based in New York City. She started Pasito with Julie Scotland, a former AppFolio marketing leader, and Ignacio Ampuero, a former Amazon engineer.
Investors in the seed round include Google, Y Combinator, Core Innovation Capital and FiDi Ventures.
