Syndio, Data-Science powered HR platform, secured $7.5 million in Funding

Syndio, a Seattle based HR analytics, and data-science powered focused on eradicating pay disparities, secured $7.5 Million in Series A funding round.

Syndio is founded by Maria Colacurcio. It offers a data science powered software platform to enable companies to resolve and analyze pay gaps due to race, gender, or other comparisons, and stay in compliance over time.

Executive Opinion

Syndio Chief Executive Officer Maria Colacurcio said, "Syndio has been at the forefront of helping progressive companies compensate, reward, hire and retain talent based on fairness. 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."

Fern Mandelbaum, Managing Director, Venture Investing, Emerson Collective, said, "History shows that economic crises exacerbate workforce inequities. But pay equity should not have to take a timeout during downturns. Maria is an outstanding leader who is matching powerful insights with action to accelerate solutions for building equitable, more inclusive workplaces."

Syndio's Latest Funding

The round was backed by the Voyager Capital and Emerson Collective, with participation from some of the existing investors Contour Venture Partners, Sirius, and Frontier Venture Capital.

The company, as of now, plans to use the new funds to continue to expand operations and its business outreach. 

Nordstrom, Target, Adobe, Nerdwallet, Snap along with few other companies are leveraging Syndio's HR platform, notes the announcement.