hrtechoutlook

Syndio Secures USD 7.5 Million in Series A Round of Financing

By HR Tech Outlook | Tuesday, May 19, 2020

Leading companies use Syndio's platform. The company's standards were set in consultation with the National Women's Law Center (NWLC), a U.S. non-profit organization that advocates for women's rights through litigation and policy initiatives

Fremont, CA: HR analytics platform Syndio secured USD 7.5 million in a Series A funding round co-led by Emerson Collective and Voyager Capital. Syndio boasts of providing the only data-science powered software to enable companies to analyze and resolve pay gaps due to gender, race, or other comparisons, and stay in compliance over time.

"Syndio has been at the forefront of helping progressive companies compensate, reward, hire, and retain talent based on fairness," said Syndio Chief Executive Officer Maria Colacurcio. "As the COVID-19 pandemic impacts workforces while raising legal risks for employers, having the expertise, financial support and resources of Emerson Collective and Voyager Capital will enable us to execute our vision even more rapidly and broadly during this dynamic time."

Top 10 Employee Wellness Consulting/Services Companies - 2019Leading companies use Syndio's platform. The company's standards were set in consultation with the National Women's Law Center (NWLC), a U.S. non-profit organization that advocates for women's rights through litigation and policy initiatives. "History shows that economic crises exacerbate workforce inequities. But pay equity should not have to take a timeout during downturns," said Fern Mandelbaum, Managing Director, Venture Investing, Emerson Collective. "Maria is an outstanding leader who is matching powerful insights with action to accelerate solutions for building equitable, more inclusive workplaces."

Co-founded in 2016 by former professor and MIT PhD, Zev Eigen, Syndio has been leading the way in fair pay as the world's best HR analytics platform to offer global organizations a way to analyze pay issues based on race and gender, resolve those issues, and monitor compliance over time. "Within the HR analytics space, Syndio is in a class by itself. They have a data-driven platform built on a foundation of data science and predictive modelling, which is totally differentiated from any other solution today. With a growing portfolio of leading customers, Syndio is on track to be the leader in this marketplace," said Diane Fraiman, Managing Director at Voyager Capital. "With our focus on fueling innovation in the Pacific Northwest, Seattle-based Syndio is right in our wheelhouse."

See also: Top HR Tech Companies

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