Diversio

Diversio

AI platform for diversity and inclusion

About Diversio

Simplify's Rating
Why Diversio is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

AI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$6.4M

Headquarters

Toronto, Canada

Founded

2018

Overview

Diversio focuses on enhancing Diversity, Equity, and Inclusion (DEI) in workplaces through technology. The company offers an AI-powered platform that collects and analyzes diversity data, providing organizations with actionable insights and recommendations to improve their DEI practices. This platform helps companies benchmark their performance against industry standards and fosters an inclusive culture to attract and retain talent. Diversio operates on a subscription model, allowing clients to access a dashboard that quantifies employee experiences, identifies biases, and tracks progress. Additionally, the company provides consulting services, training, and certification programs to support organizations in their DEI initiatives. Diversio stands out from competitors by combining advanced technology with expert consulting, enabling organizations to effectively diagnose issues and implement solutions that enhance workplace culture and reduce turnover.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Growing demand for DEI solutions in the crypto industry presents new opportunities.
  • Acquisition of CCDI Consulting strengthens Diversio's position as a full-service DEI platform.
  • Increased interest in workplace culture improvements boosts demand for Diversio's services.

What critics are saying

  • Integration challenges from CCDI Consulting acquisition could disrupt operations.
  • Competitive DEI market pressures Diversio to continuously innovate.
  • Economic downturns could reduce client budgets for subscription services.

What makes Diversio unique

  • Diversio leverages AI to provide actionable DEI insights and recommendations.
  • The acquisition of CCDI Consulting enhances Diversio's comprehensive DEI service offerings.
  • Diversio's platform includes a unique Inclusion Scoreā„¢ for tracking DEI progress.

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Funding

Total Funding

$6.4M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$6.5M
Diversio
$8.2M
Discord
$15M
Canva
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

ā†‘ 2%

1 year growth

ā†‘ 2%

2 year growth

ā†‘ 0%
BetaKit
Jan 31st, 2025
Boardy Partners With Diversio In Effort To Make Its Ai More Inclusive Following Email Backlash

AI ā€œsuperconnectorā€ that sent unsolicited messages about usersā€™ looks will now undergo inclusivity training

BetaKit
May 22nd, 2024
S|W: The SaaS Weekly - Squarespace to go private in $6.9 billion deal after hefty IPO

Toronto-based Diversio, which aims to help companies eliminate barriers to diversity and inclusion, has acquired CCDI Consulting from the Canadian Centre for Diversity and Inclusion for an undisclosed amount.

Business Wire
May 13th, 2024
Diversio Acquires Ccdi Consulting, Ushering In A New Era Of Workplace Inclusion

TORONTO--(BUSINESS WIRE)--Diversio, the leading global platform enabling organizations to develop more inclusive and equitable workplaces, announced its acquisition of CCDI Consulting, a renowned consultancy specializing in diversity, equity, and inclusion (DEI) strategies. The sale of CCDI Consulting was made by its parent company, the Canadian Centre for Diversity and Inclusion (CCDI), a national charitable organization that continues to provide education and knowledge solutions to over 700 Employer Partners across Canada. This strategic move marks a significant milestone in Diversioā€™s mission to empower organizations to enhance performance through a culture of inclusion. This move will broaden Diversioā€™s ability to turn ā€œinsights into actionā€ that drive measurable business impact. By integrating CCDI Consultingā€™s portfolio of service offerings, collective decades of experience, and resources, Diversio strengthens its position as the leading full-service platform in the workplace inclusion space. Diversio now offers a comprehensive solution including the Diversio Platform survey and data analysis dashboard, tailored consulting services to develop internal programs, goal and Inclusion Scoreā„¢ tracking, and hundreds of training courses with proven impact

Business Wire
May 13th, 2024
Diversio acquires CCDI Consulting, ushering in a new era of workplace inclusion

Diversio acquires CCDI Consulting, ushering in a new era of workplace inclusion.

PR Newswire
Mar 27th, 2024
Association For Women In Cryptocurrency Inaugural Report Finds Noteworthy Inclusion Gaps In Crypto Industry

Findings expose that the crypto industry needs to catch up to the larger tech industry when measuring gender-based inclusion.NEW YORK, March 27, 2024 /PRNewswire/ -- The Association for Women in Cryptocurrency (AWIC), the leading global community for women and supportive allies, released its State of Inclusion Report with findings on workplace culture and inclusivity across the digital asset industry. The report represents the most comprehensive effort evaluating the state of inclusion in the crypto industry to date, yielding over 500 responses from 215 companies, nonprofits, and government agencies."Our report represents an industry-wide commitment to understanding where the crypto industry falls behind when it comes to inclusion," said Amanda Wick, AWIC founder and CEO. "While some of these findings may appear to be discouraging, it's important to bring this reality to light, recommit ourselves to elicit change as industry leaders, and find ways in which we can work together to bridge the gap."Association for Women in Cryptocurrency Inaugural Report Finds Noteworthy Inclusion Gaps in Crypto Industry Post thisKey findings from the 2024 State of Inclusion Report:Inclusion in crypto does not score well against the more significant tech industry.Survey results showed that the crypto industry had an inclusion score of 43.9 compared to the larger tech industry's score of 78 (via survey partner Diversio's six-metric inclusion framework )industry had an inclusion score of 43.9 compared to the larger tech industry's score of 78 (via survey partner Diversio's six-metric ) When inclusion score averages were analyzed at the cross-demographic level (differences like race, sexuality, disabilities, or health conditions), the primary differentiator was genderThe crypto industry has a distinct gender gapWomen ranked lower in satisfaction than men across all six inclusion metrics (culture, management, career development, flexible work options, safe work environment, and individual-specific experiences) The most significant variance was between male and female subgroups, with the greatest difference existing between heterosexual men and non-white LGBTQ+ womenPay equity was the most prominent gender-based demand (according to 50% of respondents) among workplaces surveyed, followed by improved feedback culture (41.7%)When surveyed on workplace flexibility, the lowest scoring groups were among racial minorities, especially LGBTQ+ non-white men, but women generally scored lower than men across subgroups Responses showed that the main concerns were about parental policies and work flexibility, namely, women seeking better maternity policiesThe crypto industry feels unsafe to manyWhen surveying experiences of physical, mental, or sexual harassment in the workplace, there is an astonishing disparity between the crypto and tech industries The "safest" members of the crypto industry (white, heterosexual men with no conditions) are still scoring 70% lower than tech generallyand tech industries 82% of women reported experiencing the industry as not being free from harassment, compared to 48% of menLGBTQ+ individuals report feeling unsafe at a rate of 68%, whereas heterosexual individuals report feeling unsafe at a rate of 57%Individual corporate efforts matterSome company-specific data resulted in a higher overall inclusion score compared to industry-wide data This variance indicates that some organizations are effectively creating more inclusive environments and underscores the importance of company-level initiatives and policies in fostering an inclusive culture"As industry leaders, it's important that we have conversations about the reality of inclusion across the crypto and wider Web3 ecosystem," said Michelle O'Connor, AWIC board member and vice president of marketing & communications at TaxBit. "With this data, we now have a clear view of what needs to change, and as an industry, we can take action."AWIC is a global community of women and allies who advocate for women's equal inclusion across the digital asset industry. To get involved, visit womenincrypto.org and join the effort to #UnManelYourPanel .AWIC conducted the State of Inclusion Report with Diversio , the leading global diversity, equity, and inclusion (DEI) platform.The complete findings from the 2024 State of Inclusion Report are available for download here .About The Association for Women in Crypto (AWIC)AWIC is a global platform for women and supportive allies of all genders who seek to enhance their knowledge and education in the growing fields of cryptocurrency, blockchain, and web3, while advancing the opportunities for women and the role they will play in the future of digital finance and innovation. The organization comprises members and sponsors from the private and public sectors, including educational, regulatory, and financial institutions, and those committed to ensuring women have an equal opportunity to participate in crypto, blockchain, and web3

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