Golden State Warriors star Stephen Curry has invested in Syndio, a human resources analytics company that allows organizations to analyze employee compensation and compare salaries among demographics such as gender and race. Such analysis can identify disparities and lead to equal pay in the workforce.
Curry’s investment was made through Penny Jar Capital, a venture capital firm that he started with his business partner and former Davidson College teammate Bryant Barr. Companies such as Salesforce, Vimeo, Adobe, General Mills, PagerDuty, NerdWallet and Nordstrom already use Syndio’s software.
“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.”
Syndio was founded in 2017. The company’s existing investors include Bessemer Venture Partners, Emerson Collective, and Voyager Capital.