Syndio, a Seattle, WA-based EquityTech analytics platform, raised $17.1m in Series B funding.
The round was led by Bessemer Venture Partners, with participation from Next Play Capital, Concrete Rose Capital, Emerson Collective and Voyager Capital. In conjunction with the funding, Syndio added Byron Deeter and Talia Goldberg from Bessemer to the board.
The company intends to use the funds to drive rapid product development across opportunity equity, benchmarking, and workforce analytics, continue to build more solutions for starting pay and ongoing compensation adjustments with fairness and equity baked in at every stage of decision making.
Founded in 2017 by pay equity attorney and Ph.D. Zev Eigen, who serves as the company’s Chief Science Officer, and led by Maria Colacurcio, CEO, who joined as CEO in 2018, Syndio provides PayEQ, which is used by over 100 companies to analyze and resolve pay disparities based on gender, race, or ethnicity across 2.3 million employees. Current customers include Adobe, Hyatt, Nordstrom, Salesforce, Slack, and StitchFix.