About Syndio
Syndio is a company based in Seattle (United States) founded in 2009 by Zev Eigen was acquired by Edge Analytics in December 2016.. Syndio has raised $81.11 million across 8 funding rounds from investors including Bessemer Venture Partners, Edge Analytics and Emerson Collective. Syndio offers products and services including PayEQ, Pay Finder, and Global Pay Reports. Syndio operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Seattle, United States
- Founders Zev Eigen
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Syndio Solutions, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81.11 M (USD)
in 8 rounds
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Latest Funding Round
$50 M (USD), Series C
Sep 27, 2021
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Investors
Bessemer Venture Partners
& 17 more
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Employee Count
Employee Count
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Acquired by
Edge Analytics
(Dec 01, 2016)
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Products & Services of Syndio
Syndio offers a comprehensive portfolio of products and services, including PayEQ, Pay Finder, and Global Pay Reports. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for analyzing and ensuring pay equity compliance.
Platform for making consistent pay decisions based on data.
Generates reports for global pay transparency requirements.
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Funding Insights of Syndio
Syndio has successfully raised a total of $81.11M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $50.0M
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First Round
First Round
(13 May 2015)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series C - Syndio | Valuation | Emerson Collective , Bessemer Venture Partners | |
| Jun, 2021 | Amount | Series B - Syndio | Valuation |
investors |
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| Jan, 2021 | Amount | Series B - Syndio | Valuation | Bessemer Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Syndio
Syndio has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Edge Analytics and Emerson Collective. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Early-stage US tech investments are managed by Voyager Capital.
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Founded Year | Domain | Location | |
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VC-backed startup studio focused on multiple sectors is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Syndio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Syndio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Syndio Comparisons
Competitors of Syndio
Syndio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Payflow, Paylocity, Justworks and Earnin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Syndio
Frequently Asked Questions about Syndio
When was Syndio founded?
Syndio was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Syndio located?
Syndio is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Syndio?
Maria Colacurcio is the current CEO of Syndio.
Is Syndio a funded company?
Syndio is a funded company, having raised a total of $81.11M across 8 funding rounds to date. The company's 1st funding round was a Series B of $17.1M, raised on May 13, 2015.
What does Syndio do?
Syndio was founded in 2009 and is headquartered in Seattle, United States. Compliance management solutions are delivered to enterprises in the HR technology sector. Pay gaps related to race and gender are identified and analyzed through the platform. Strategies for closing these gaps and preventing their recurrence are facilitated, supporting ongoing equity efforts across organizations.
What products or services does Syndio offer?
Syndio offers PayEQ, Pay Finder, and Global Pay Reports.
Who are Syndio's investors?
Syndio has 18 investors. Key investors include Bessemer Venture Partners, Edge Analytics, Emerson Collective, Voyager Capital, and Candace Parker.
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