Steph Curry invests in a pay equity startup
/Equal pay has been important to Golden State Warriors star Stephen Curry since at least 2018, when he wrote an essay about the issue for The Players’ Tribune. Now, Curry’s investment arm is putting money behind that commitment.
Penny Jar Capital, the early-stage investment firm led by Curry, made a $1 million investment in Syndio, a pay equity software startup.
“Ensuring people are paid fairly is long overdue and is a fundamental issue that needs to be addressed to progress towards an equitable society,” Curry said in a statement. “Syndio is an objective solution that removes unconscious bias from the equation and changes the way business leaders tackle workplace equity, making pay equity the standard for companies around the world.”
Founded in 2017, Syndio is led by CEO Maria Colacurcio. The software company helps businesses study compensation in their workforces, with clients including Salesforce, Adobe, and PagerDuty. In total, Syndio’s platform has analyzed the pay of 2.6 million employees, the company says. Its other investors include Bessemer Venture Partners and Laurene Powell Jobs’ Emerson Collective.