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February 17, 2023

Kanarys Successfully Secured $5M in Series A Funding

Inclusion and diversity encountering support within the industries

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:

  1. Albert Fong, who has held high marketing positions at Reflektive, Topia, and Mindtickle, and is appointed as Vice President of Product Marketing.
  2. Cecilia Choi, the former Papaya Global Head of Operations for the Americas, was appointed Vice President of Operations.
  3. Chad Stoerp, a SaaS and tech-enabled subscriptions finance expert, will be the Vice President of Finance.
  4. Dawn Christian, with previous leadership experience, was appointed as Executive Vice President of DEIB.
  5. D’ontreye Nero, whose experience in developing and managing software and cloud solutions spans over 20 years, will be the Vice President of Engineering.
  6. Joe Fernandez, who has scaled and directed sales teams at OnFrontiers, LinkedIn, and BetterUp, was appointed Vice President of Sales.
February 17, 2023
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