Kanarys, a Dallas, TX-based diversity, equity, inclusion, and belonging (DEIB) technology company, raised $5M in Series A funding.
The round, which brought total capital raised to $10.5M, was led by Seyen Capital with participation from Portfolia Rising America, Rackhouse Venture Capital, Revolution’s Rise of the Rest Seed Fund, StartFast Ventures, TechNexus Venture Collaborative, and Tech Square Ventures.
The company intends to use the funding to recruit and appoint six key members focused on DEIB, engineering, finance, operations, product marketing, and sales to its executive team, and to further expand the Kanarys DEIB technology platform.
Led by CEO Mandy Price, Kanarys is a technology company focused on providing the tools organizations need to create long-term systemic change around Diversity, Equity, and Inclusion (DEI) challenges. Its platform provides the framework, benchmarking, and data companies need to incorporate DEI into every area of the organization, so they can track and measure impact on business outcomes. Its Equity Innovation Solution ensures a data-driven approach to attacking DEI challenges, pinpointing DEI blindspots in areas like talent acquisition, retention, performance reviews, and pay practices, and enabling companies to take targeted, immediate action.
In just five years, Kanarys has grown to a category industry leader in DEIB that serves major customers including Yum! Brands, Silicon Labs, the Chuck E. Cheese Corporation, 7-Eleven, and other Fortune 500 companies, along with establishing strategic partnerships with national advocacy groups such as Prospanica, the National Society of Black Engineers, and INROADS.
Kanarys appointed six industry leaders to its executive team:
- Albert Fong, who was appointed as Vice President of Product Marketing.
- Cecilia Choi, who was appointed as the Vice President of Operations.
- Chad Stoerp, who was appointed as Vice President of Finance.
- Dawn Christian, who was appointed as Executive Vice President of DEIB.
- D’ontreye Nero, who was appointed as Vice President of Engineering.
- Joe Fernandez, who was appointed as Vice President of Sales.
FinSMEs
15/02/2023