Pay Equity Leader Syndio Announces $7.5M in Funding Co-Led by Emerson Collective, Voyager Capital
HR platform used by Nordstrom, Target, Adobe, Nerdwallet, Snap, other global companies
A leading HR analytics platform with a mission to eradicate pay disparities, announced it has raised $7.5 million in Series A funding co-led by Emerson Collective and Voyager Capital, with participation from existing investors Sirius, Contour Venture Partners, and Frontier Venture Capital.
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Syndio provides the only data-science powered software to enable companies to analyze and resolve pay gaps due to gender, race or other comparisons, and stay in compliance over time. Its platform is used by leading global companies and standards were consulted with the National Women’s Law Center (NWLC), a U.S. non-profit organization that advocates for women’s rights through litigation and policy initiatives.
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“Syndio has been at the forefront of helping progressive companies compensate, reward, hire and retain talent based on fairness,” said Syndio Chief Executive Officer Maria Colacurcio. “As the COVID-19 pandemic impacts workforces while raising legal risks for employers, having the expertise, financial support and resources of Emerson Collective and Voyager Capital will enable us to execute our vision even more rapidly and broadly during this dynamic time.”
“History shows that economic crises exacerbate workforce inequities. But pay equity should not have to take a timeout during downturns,” said Fern Mandelbaum, Managing Director, Venture Investing, Emerson Collective. “Maria is an outstanding leader who is matching powerful insights with action to accelerate solutions for building equitable, more inclusive workplaces.”
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