Syndio Receives Seven-Figure Investment for Pay Equity
Syndio, maker of pay equity software used by hundreds of Fortune 2000 companies, today announced a seven-figure investment from Penny Jar Capital, an early-stage investment firm anchored by two-time NBA MVP Stephen Curry. The investment will fuel Syndio’s continued commitment to help organizations establish lasting workplace equity.
“Syndio licenses unique software that helps companies identify and resolve pay disparities. More importantly, it embeds workplace equity as an essential element of how they treat their people,” said Maria Colacurcio, Syndio’s CEO. “Our software makes it much easier for companies to understand why they may not be paying equitably, and how to fix it. It’s clear that the past year has exacerbated inequity in our country and across the world, and employers are increasingly looking for solutions that help them fix systemic problems. We’re happy to count Penny Jar as a partner in our growth.”
Founded in 2017 by Zev Eigen, Chief Data Scientist, and led by Maria Colacurcio, CEO, Syndio is a maker of pay equity software used by hundreds of Fortune 2000 companies to eliminate hiring and promotion bias, improve diversity, and ensure equitable pay. The company is continuing to release new features, most recently releasing Pay Finder, a feature set that allows companies to guide discretion and eliminate bias in starting pay and promotions.
The company intends to use the funds to accelerate growth to enable organizations to establish lasting workplace equity.
Announcement: Syndio Receives Seven-Figure Investment for Pay Equity