# Joonko Diversity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/joonko-diversity

- Industry: Software
- Headquarters: New York, US
- Website: www.joonko.co
- Total disclosed funding: $29M
- Latest round: Series B (May 31, 2022)
- Investors on record: 6

## About

Joonko Diversity, Inc. is a US-based company focused on enhancing workplace diversity and inclusion through innovative solutions that integrate with existing HR systems, providing actionable insights to improve corporate culture.Founded in 2017 and headquartered in New York, Joonko Diversity, Inc. aims to address diversity challenges within organizations. The company has executed 6 deals, with the most recent funding round being Series B in May 2022, where they raised USD 17.000 mn led by Insight Partners. CEO Ilit Raz, who is also the founder, has a background that includes significant experience in fostering inclusive work environments.Joonko's core offerings include a suite of products designed to enhance diversity and inclusion within organizations. Their flagship product integrates with human resources systems to provide actionable insights and recommendations to foster an inclusive workplace culture. Joonko addresses underrepresentation and bias in hiring practices, employee retention, and workplace engagement, catering to Fortune 500 companies and mid-sized enterprises across sectors such as technology, finance, and healthcare, particularly in North America and Europe.Joonko primarily operates on a subscription-based revenue model, where clients pay a recurring fee for access to their platform and ongoing support. This model allows companies to utilize Joonko's tools over time, supporting continuous improvement in diversity and inclusion initiatives. Customized packages are offered to meet specific client needs, ensuring accessibility for both large corporations and smaller entities, ultimately aiming to deliver insights that can significantly enhance organizational culture and performance.In May 2022, Joonko raised USD 17.000 mn in Series B funding, which will be directed towards expanding their workforce at their new co-headquarters in New York and existing headquarters in Israel. The company plans to launch new products aimed at further enhancing their platform's capabilities, although specific release dates are not mentioned. Joonko is targeting expansion into additional markets in North America and Europe to meet the growing demand for diversity and inclusion solutions.

## Funding rounds

- Series B, May 31, 2022, $17M — Vertex Ventures Israel, Insight Partners, Kapor Capital, Target Global
- Series A, Aug 10, 2021, $10M — Vertex Ventures Israel, Kapor Capital, Techstars
- Seed, Nov 1, 2019 — Redhawk Venture Group
- Seed, Sep 18, 2019, $2.4M — Redhawk Venture Group
- Seed, Dec 15, 2018 — Redhawk Venture Group

## Investors

- Redhawk Venture Group (https://capitalatlas.ai/funds/redhawk-venture-group) — Seed
- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series A, Series B
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A, Series B
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Target Global (https://capitalatlas.ai/funds/target-global) — Series B