Quild #43: Syndio

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Syndio helps modern companies embed workplace equity into their core business so they can achieve enduring success. Syndio identifies pay gaps in seconds and constantly measure employee opportunity and representation so companies can build diverse and dynamic teams.

Syndio isn’t an early-stage startup but wanted to highlight because of its special mission of working towards workplace equity.

Founders/CEO: Zev (Chief Data Scientist), Maria (CEO)

Signals:

1. Repeat founder/CEO

   1. Zev founded Cherry Tree Data Science

   2. Maria co-founded Smartsheet (NYSE:SMAR)

   3. Both co-founded Fair Pay Workplace

2. Top company/institution alumni

   1. Zev taught law at Northwestern University

   2. Maria worked at Microsoft and Starbucks for 4 years

3. Top university alumni

   1. Zev graduated from Cornell University (BS, JD) and MIT (PhD)

4. Fast team growth

   1. Grew 2.6x YoY to 141 employees

5. Accelerated financing

   1. Announced series A in May 2020, series B in Jan 2021, series C in Sep 2021

6. Midas list investors

   1. Bessemer led series B and C

Till tomorrow, Kenn