# Syndio Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syndio-solutions

- Industry: Software
- Headquarters: New York, US
- Website: www.synd.io
- Total disclosed funding: $79M
- Latest round: Series C (Sep 27, 2021)
- Investors on record: 10

## About

Syndio Solutions, Inc. provides advanced fair pay technology solutions designed to help organizations analyze pay equity, ensure compliance, and make informed compensation decisions on a large scale.Founded in 2016 and headquartered in New York, US, Syndio Solutions, Inc. specializes in fair pay technology. The company has successfully completed 7 deals, with its most recent funding round being the Series C, amounting to USD 47.20 mn, completed on September 27, 2021. The company has been co-led by notable investors including Bessemer Venture Partners and Emerson Collective, alongside Voyager Capital, contributing to a total amount raised of USD 47.20 mn and a current company valuation of USD 270.419 mn. Sidney Primas and Zev E. founded the company, with Maria Colacurcio currently serving as CEO.Syndio is a leading provider of fair pay technology solutions aimed at helping enterprises analyze pay equity, meet compliance requirements, and make informed pay decisions at scale. The company’s core offerings include comprehensive pay equity analytics and reporting tools that empower organizations to conduct pay audits and adhere to regulations such as the EU Pay Transparency Directive. Their flagship product, Intelligent Pay™, leverages proprietary AI to facilitate smarter pay recommendations, addressing disparities and preventing overspending. Serving over 350 companies, including 30% of Fortune’s Most Admired, Syndio’s solutions analyze pay data for more than 10 million employees across 100 countries, operating in North America, Europe, and Asia.Syndio generates revenue primarily through subscription-based models for its fair pay technology solutions, wherein clients enter agreements for platform access based on organizational size and feature utilization. For enterprises with extensive employee bases, such as those with over 200,000 employees, the company offers enterprise-grade customization and support. The Intelligent Pay™ service is a key revenue component, providing ongoing guidance and insights for managing pay equity. Additionally, Syndio’s offerings present cost-saving opportunities linked to remediation efforts in pay equity, reinforcing the business case for partnerships in fair pay initiatives.In September 2021, Syndio Solutions, Inc. raised USD 47.2 mn in Series C funding to support new product developments and hiring efforts aimed at enhancing their platform for workplace equity. The funding will enable Syndio to meet the increasing customer demand while exploring expansion into new markets and geographic regions. Specific targets for expansion have not been disclosed, but the company aims to broaden its reach in existing markets while developing additional solutions aligned with their commitment to fair pay.

## Funding rounds

- Series C, Sep 27, 2021, $47M — Voyager Capital, Bessemer Venture Partners, Emerson Collective, 75 & Sunny
- Series B, Jan 7, 2021, $17M — Voyager Capital, Bessemer Venture Partners, Next Legacy Partners, Emerson Collective, Westbound
- Series A, May 15, 2020, $7.5M — Voyager Capital, Contour Venture Partners, Frontier Venture Capital, Sirius Partners, Emerson Collective
- Seed, Nov 13, 2018, $5.2M — Contour Venture Partners, Frontier Ventures, Sirius Partners
- Seed, Dec 13, 2017, $0.7M — Frontier Ventures
- Seed, Dec 6, 2016, $1.3M — Frontier Venture Capital

## Investors

- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Seed, Series A
- Frontier Ventures (https://capitalatlas.ai/funds/frontier-ventures) — Seed
- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Seed, Series A
- Sirius Partners — Seed, Series A
- Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series A, Series B, Series C
- Emerson Collective — Series A, Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series C
- Next Legacy Partners (https://capitalatlas.ai/funds/next-legacy-partners) — Series B
- Westbound (https://capitalatlas.ai/funds/westbound) — Series B
- 75 & Sunny (https://capitalatlas.ai/funds/75-sunny) — Series C