Co-founder and CEO Mandy Price was one of 93 Black women to raise at least $1 million in funding in 2021. Today, she is announcing another substantial raise for Kanarys, Inc.

According to a press release shared with AfroTech, the diversity, equity, inclusion, and belonging (DEIB) technology company has raised $5 million in a Series A financing round. Since its inception, Kanarys, Inc. has raised $10.5 million in funding. Now, Price joins a select group of less than 20 Black women founders to reach this milestone.

“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,” Price said in a press release. “We’ve been on a mission since 2018 to develop and deliver data-driven technology tools that not only advance DEIB in the workplace but also 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 on our leadership team, will catapult us towards fulfilling our mission.”

The latest seed round was led by Seyen Capital. Portfolia Rising America, Rackhouse Venture Capital, Revolution’s Rise of the Rest Seed Fund, StartFast Ventures, TechNexus Venture Collaborative, and Tech Square Ventures also participated in the round.

“As the leading provider of data-driven DEIB solutions, Kanarys demonstrates its value to companies and employees worldwide,” George Spencer III, Senior Managing Director of Seyen Capital, said in a statement. “Today companies are being held to higher standards when it comes to DEIB, and Kanarys has developed the platform companies need to manage DEIB and make accountability more transparent and reliable for company boards, managers, investors, employees, and other key stakeholders. I am confident that our investment will further advance greater equity and transparency in the workplace, and we are excited to see the impact our investment has on furthering their mission.”

Kanarys has allocated the fund to accelerate its platform and expand its organization by adding six industry leaders. The executive team will aid with DEIB, engineering, finance, operations, product marketing, and sales.

New team members are:

  • Albert Fong
  • Cecilia Choi
  • Chad Stoerp
  • Dawn Christian
  • D’ontreye Nero
  • Joe Fernandez