What is Syndio?
Syndio Solutions operates as the premier provider of pay equity software and has established itself as the world's first Workplace Equity Analytics Platform. The company offers advanced solutions designed to help organizations analyze and address disparities in compensation and promote a more equitable work environment. Its platform leverages data analytics to provide actionable insights, enabling businesses to proactively manage diversity, equity, and inclusion initiatives.
How much funding has Syndio raised?
Syndio has raised a total of $82.2M across 7 funding rounds:
Debt
$725K
Angel/Seed
$650K
Angel/Seed
$5.2M
Series A
$7.5M
Multiple Rounds
$68.1M
Debt (2015): $725K, investors not publicly disclosed
Angel/Seed (2017): $650K led by Frontier Ventures
Angel/Seed (2018): $5.2M, investors not publicly disclosed
Series A (2020): $7.5M featuring Emerson Collective LLC and Voyager Capital
Series B (2021): $17.1M backed by Concrete Rose Capital, Next Play Capital, and Bessemer Venture Partners
Private Equity (2021): $1M with participation from Penny Jar Capital
Series C (2021): $50M led by Voyager Capital, Emerson Collective, and Bessemer Venture Partners
Key Investors in Syndio
Voyager Capital
Since 1997, Voyager Capital has focused on first-round venture investments to help entrepreneurs in the Pacific Northwest create winning businesses. Built on the team's extensive experience with startups and its exceptional network across the industry, the firm's entrepreneur-centric approach accelerates the pace at which companies can build, execute, pivot and scale. Voyager has $520M under management investing in B2B software, cloud infrastructure, and applications driven by AI and machine learning. With offices in Seattle, Wash., Portland, Ore., and Vancouver, BC, Voyager provides its portfolio the unwavering support and stage-appropriate connections needed to disrupt markets and create sustainable competitive advantage.
Emerson Collective
Emerson Collective is a company that invests in entrepreneurs and innovators who are driven by purpose and a sense of possibility. The organization aims to create a world that honors talent, expands opportunity, and ensures conditions for human flourishing. They focus on addressing complex challenges in education, economic mobility, immigration, and the environment through audacious ideas and rigorous thinking. Emerson Collective partners with those who are committed to making significant impacts with humility and determination.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm. The firm has offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. It was established in 1911 as Bessemer Securities. It's headquarters is at Menlo Park, California, US.
What's next for Syndio?
The substantial enterprise-level backing and recent strategic investment signal a strong growth trajectory for Syndio. This capital infusion is expected to fuel further innovation in its analytics platform, expand its market reach, and enhance its capabilities in providing comprehensive workplace equity solutions. The company is well-positioned to capitalize on the increasing corporate focus on ESG (Environmental, Social, and Governance) factors, particularly concerning diversity and fair compensation practices.
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