SaaS Startup Syndio Appoints New CEO, Closes $5.2 Million Seed Round

Syndio Solutions announced Tuesday that Maria Colacurcio has been named chief executive officer (CEO) with the closing of a $5.2 million seed round.

Syndio which offers an enterprise SaaS solution for addressing fair compensation, empowers organizations to find and fix pay equity issues and stay in compliance over time.

Colacurcio formerly co-founded Smartsheet, a Bellevue, Washington based company that went public last April. At Smartsheet, she served as the vice president of marketing & communications. She is also a former Starbucks Corporation director, who focused on enterprise-wide operations in Finance.

“Fair pay is a crucial workplace issue,” said Colacurcio. “Women and other disadvantaged groups continue to be paid less than comparable men. I’m joining Syndio because I’ve been on the receiving end of pay equity disparities and I want to help employers address these problems for people of every race and gender.”

Syndio raised $5.2 million in a seed round with major investors Sirius Partners, Contour Venture Partners, and Frontier Venture Capital.

Syndio helps organizations find pay equity issues, fix them with both non-economic and economic adjustments identified by the application, and stay in compliance over time as organizations promote and hire people.

Syndio is an early stage startup with employees in New York, California, and Washington.