PTO Exchange has closed an oversubscribed $5.4 million Seed II funding round, led by TTV Capital with participation from Fin Capital, Manifold Ventures, CFV Ventures, SpringTime Ventures, Forefront Venture Partners, and WestRiver Group. The round brings the company's total funding to $9 million, capital the team plans to put toward continued growth.
The investment reflects a growing recognition of a problem PTO Exchange has been solving since day one: millions of vacation days go unused and effectively lost every year, even though that time represents real, earned compensation. As CEO Rob Whalen put it, the company remains firmly committed to the value of paid time off, but with only four in ten employees using all their vacation each year, giving people a way to capture that value before it disappears is a meaningful next step.
It's a strong vote of confidence from investors in the idea that flexible, self-directed PTO isn't just good for employees, it's good business. Read more about the round here: Seattle Benefits Platform PTO Exchange Raises Seed Round.
Learn more today on how PTO Exchange can help your employees access their unused vacation safely and responsibly.