Total amount raised
$83.4 Millions
Latest funding date
09/01/2021
Location
Syndio has successfully raised significant funding over multiple rounds, with its latest being a Series C. The platform is dedicated to helping companies measure, achieve, and sustain workplace equity through advanced analytics and compliance solutions.
Keep reading to explore the intricacies of Syndio's fundraising journey and the investors backing this innovative platform.
What Is Syndio?
Syndio, founded in 2016, is a technology company based in Seattle, Washington. The company was established by Katya Siddall-Cipolla and Zev Eigen.
Operating in the analytics, human resources, and software industries, Syndio focuses on helping organizations achieve and maintain workplace equity. The company employs between 101 and 250 people.
Syndio's mission is to eradicate unlawful pay disparities and ensure equitable compensation decisions. The company partners with well-known brands and offers various products and services to support pay equity analysis and compliance.
How Much Funding Has Syndio Raised?
- Seed Round
- Amount Raised: $725K
- Date: May 8, 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: $1.3M
- Date: Dec 6, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Seed Round
- Amount Raised: $650K
- Date: Dec 13, 2017
- Lead Investors: Frontier Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market reach.
- Seed Round
- Amount Raised: $5.2M
- Date: Nov 14, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve the platform's capabilities.
- Series A
- Amount Raised: $7.5M
- Date: May 15, 2020
- Lead Investors: Emerson Collective, Voyager Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the customer base and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: Dec 28, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development.
- Series B
- Amount Raised: $17.1M
- Date: Jan 7, 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the team.
- Venture Round
- Amount Raised: $1M
- Date: Jun 22, 2021
- Lead Investors: Penny Jar Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Series C
- Amount Raised: $50M
- Date: Sep 27, 2021
- Lead Investors: Bessemer Venture Partners, Emerson Collective
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, develop new products, and support hiring efforts.
Total Amount Raised: $83.475M. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm with a history of investing in early-stage companies. They have been a significant investor in Syndio's Series C and Series B funding rounds.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Pinterest, Shopify
- Emerson Collective
- Details: Emerson Collective is a social change organization focused on education, immigration reform, the environment, and other social justice initiatives. They led Syndio's Series C funding round and were also involved in the Series A round.
- Investment Focus Areas: Education, environment, social justice
- Notable Investments: AltSchool, XQ Institute, The Dream.US
- Penny Jar Capital
- Details: Penny Jar Capital is a venture capital firm known for investing in innovative startups. They participated in Syndio's venture round in June 2021.
- Investment Focus Areas: Technology, consumer products, media
- Notable Investments: Not publicly disclosed
- Voyager Capital
- Details: Voyager Capital is a leading venture capital firm focused on early-stage technology companies. They were involved in Syndio's Series A and Series C funding rounds.
- Investment Focus Areas: Cloud computing, enterprise software, digital media
- Notable Investments: Zipwhip, Act-On Software, Skyward
- Frontier Venture Capital
- Details: Frontier Venture Capital is a venture capital firm investing in early-stage companies. They led Syndio's seed round in December 2017.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
What's Next for Syndio?
With a substantial $50 million Series C funding, Syndio is poised to accelerate its growth and develop new products. The company aims to expand its customer base beyond the current 200 companies, leveraging the increasing focus on workplace fairness and equity. This significant opportunity could lead to further fundraising rounds as Syndio continues to scale its operations and enhance its platform.
However, challenges lie ahead. The competitive landscape of workplace analytics and HR tech is rapidly evolving, and Syndio must ensure its software remains accurate and reliable. Additionally, navigating regulatory changes and maintaining compliance will be crucial as the company grows. Despite these hurdles, Syndio's commitment to addressing pay equity issues positions it well for future success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Syndio and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive landscape.
