The TX-based diversity, equity, inclusion, and belonging (DEIB) company Kanarys successfully raised $5M in a Series A funding round led by Seyen Capital with participation from other ventures. With the funding, Kanarys will be able to hire six new executives with a focus on DEIB, finance, sales, product marketing, engineering, and operations and develop its technological infrastructure.
Founded in 2018, the technology firm aims to provide companies with the resources they need to make long-lasting systemic changes regarding Diversity, Equality, and Inclusion (DEI) issues. With Kanarys’ help, businesses can integrate DEI into every aspect of their operations and analyze and evaluate how it affects the company’s bottom line. Its Equity Innovation Solution guarantees a data-driven strategy for addressing DEI difficulties, identifying DEI blindspots in areas like employee recruiting, retention, performance evaluations, and pay practices.
“The momentum demonstrated through our Series A round underscores the importance and growth we’ve seen in DEIB solutions over the past several years. DEIB remains a critical driver to a thriving business in every economic climate, and company leaders should continue to bolster their efforts when it comes to prioritizing DEIB”
- Mandy Price, co-founder and CEO of Kanarys
Within five years, Kanarys has become a category industry leader in DEIB. Within the company’s clients are well-established businesses such as Yum! Brands, Silicon Labs, the Chuck E. Cheese Corporation, 7-Eleven, and other Fortune 500 companies.
The six leaders appointed to Kanarys’ executive team are as follows:
