Kanarys, a data-driven tech platform, which provides diversity and inclusion solutions to enable businesses to make more empowered decisions, has raised $3 million in its seed funding round.
The investors in the seed round include names, such as Rise of the Rest fund, Morgan Stanley, Jigsaw Ventures, Segal Ventures and Zeal Capital Partners. The business was started by Mandy Price with two co-founders, Bennie King and Star Carter. Price had faced discrimination, casual dismissal to be exact, in her place of work that led to the founding of the company. The company boasts clients like Yum Brands, the Dallas Mavericks, and Neiman Marcus among dozen others.
Companies tend to address discrimination issues individually, but it is usually one-sided, with them addressing the issue from their side. However, with Kanarys, it provides employees access to the D&I facet of the company and helps them express their satisfaction and how they view the D&I initiatives. It operates like Glassdoor with at least 1000 companies in its wing, such that it uses the ‘Equal Employment Opportunity’ reports and assessments of various policies involving promotion, recruitment, and benefits and compares how a company is doing in contrast to its peers.
There are surveys on a quarterly basis for employees after an initial assessment of a company’s policies and practices. This is integrated with existing HR systems to track pay equity and promotions.
This data driven solution to up diversity and inclusion practices and make it more transparent will enables businesses to make more conscious choices that supports a healthy company.