• Syndio

  Participated · Seed · Nov 2018

  Syndio provides a workplace analytics platform to ensure fairness and equity are part of every employment decision. Its data-science powered software enables companies to analyze and resolve pay equity issues due to gender, race or other comparisons, and to monitor them over time. The platform is used by 200 companies including Nerdwallet, Nordstrom, Salesforce, and General Mills to measure the pay of over 2.6 million employees in the United States. Co-founded in 2017 by pay equity attorney and MIT PhD Zev Eigen, who serves as Chief Science Officer, Syndio is led by CEO Maria Colacurcio and is based in Seattle, WA. The company raised $50M in a Series C funding round, bringing total funding to $83M. It intends to use the funds to accelerate growth, develop new products, and expand hiring. Syndio builds EquityTech software that analyzes company payrolls to root out discriminatory pay differences and recommend fixes. Its platform is used to analyze pay for 2.6 million employees across about 160 clients, including Nordstrom, Salesforce, Slack and General Mills; roughly 40 clients are in the Fortune 500. The company recently released Pay Finder, a tool to guide starting pay and promotion decisions to reduce bias. Syndio says revenue doubled from Q1 to Q2 of this year and year-over-year revenue has tripled, and the startup employs close to 70 people and is hiring. CEO Maria Colacurcio emphasizes demand driven by ESG pressure, employer brand expectations and attention to both gender and racial pay equity. The company was founded by data scientist and law professor Zev Eigen in 2016 and operates out of Seattle. Syndio provides PayEQ, an analytics platform used by over 100 companies to analyze and resolve pay disparities based on gender, race, or ethnicity across 2.3 million employees. Customers include Adobe, Hyatt, Nordstrom, Salesforce, Slack, and StitchFix. Founded in 2017 by pay-equity attorney and Ph.D. Zev Eigen, who serves as Chief Science Officer, the company is led by CEO Maria Colacurcio, who joined in 2018. The company plans to use the funds to drive rapid product development across opportunity equity, benchmarking, and workforce analytics. Syndio also intends to build more solutions for starting pay and ongoing compensation adjustments with fairness and equity baked in at every stage of decision making. The business raised $17.1M in a Series B to support these initiatives. Syndio offers a data‑science powered software platform that enables companies to analyze and resolve pay gaps by gender, race and other comparisons and to stay in compliance over time. The system is used by global companies and Syndio consulted standards with the National Women’s Law Center. The company is led by CEO Maria Colacurcio and CSO Zev Eigen. In May 2020 Syndio raised $7.5M in a Series A round co‑led by Emerson Collective and Voyager Capital, with participation from Sirius, Contour Venture Partners and Frontier Venture Capital. Syndio intends to use the funds to continue to expand operations and broaden its business reach. The platform focuses on using analytics to both detect disparities and support organizations in remediation and compliance. Syndio provides a SaaS solution that enables organizations to find pay equity issues, recommend both non-economic and economic adjustments via the application, and remain in compliance over time as they promote and hire. The company already has over 20 corporate customers, including Match Group and Slack. Syndio has a distributed team with employees in New York, California and Washington. The company is led by newly named CEO Maria Colacurcio and founder and chief science officer Zev Eigen. Colacurcio formerly co-founded Smartsheet and served as its vice president of marketing & communications, and she previously served as a Starbucks director focused on enterprise-wide finance operations. Syndio closed a $5.2M seed funding round backed by Sirius Partners, Contour Venture Partners and Frontier Venture Capital.

No current team members are available.