What is Syndio?
Syndio Solutions is recognized as the leading provider of pay equity software and operates as the world's first Workplace Equity Analytics Platform. The company offers advanced analytics to help organizations understand and address disparities in compensation and workplace opportunities, enabling them to foster a more equitable and inclusive environment. Its platform is designed to provide actionable insights for HR and leadership teams.
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 Next Play Capital, Concrete Rose 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
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.
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.
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?
With the recent influx of major strategic investment, Syndio is poised for accelerated growth and market penetration. The company is likely to focus on enhancing its platform capabilities, expanding its customer base, and potentially exploring new verticals within the broader HR technology and analytics space. This capital infusion will support its mission to drive workplace equity globally through data-driven solutions.
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