Diversity, Equity and Inclusion Tech Kanarys Announces $5M Series A Financing

February 15, 2023Client News

Gunderson Dettmer represented client Kanarys, a diversity, equity, inclusion, and belonging (DEIB) technology company, in its $5 million Series A financing led by Seyen Capital. Kanarys provides the tools organizations need to create systemic change around DEIB efforts to create a more equitable and inclusive workplace. The company’s total fundraising totals $10.5 million, and this latest round will be used for company expansion and to further develop its DEIB technology platform.

In the announcement of the transaction, co-founder and CEO of Kanarys Mandy Price said, "We've been on a mission since 2018 to develop and deliver data-driven technology tools that advance DEIB in the workplace and create a culture of meaningful engagement across the global workforce. Our solutions empower companies to not only address the unique needs of their employees but also foster inclusion among their stakeholders and customers. This funding, along with the hiring of leading industry experts, will catapult us towards fulfilling our mission."

The Gunderson Dettmer deal team was led by Randall Clark and included Thomas Malinowsky, Eugene Kim and Bernard Stanford.

Seyen Capital