Venture Capital
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.

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