Syndio Raises $50M for Pay Equity
Syndio,, a workplace analytics platform with a mission to ensure fairness and equity are part of every employment decision, today announced it raised $50 million in Series C funding. Emerson Collective and Bessemer Venture Partners led the round, with additional investments from Voyager Capital. This was Emerson and Voyager’s third investment in Syndio, and Bessemer’s second. In total, Syndio has raised $83 million.
“Every day, the pressure from employees, investors, and governments grows to close persistent workplace gaps to ensure that companies achieve enduring success in a 21st century economy,” said Maria Colacurcio, CEO of Syndio. “The cost of ignoring these internal and external forces are clear: loss in brand power, increase in capital costs through employee attrition and inefficiency, and a collapse in morale. For the first time in history, technology exists to meet this moment and make workplace equity a foundational leadership principle. These equity analytics are being defined and pioneered by Syndio, and we’re thrilled to have Bessemer and Emerson’s continued partnership in fueling our growth.”
Syndio provides data-science powered software to enable companies to analyze and resolve pay equity issues due to gender, race or other comparisons, and to monitor it over time.
The company intends to use the funds to accelerate growth, new product development and its hiring efforts.
Announcement: Syndio Raises $50M for Pay Equity