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NEW YORK, NY — April 19, 2021 — Mathison, the first scalable technology platform for diversity hiring, announced today it has closed a $4.2 million seed round led by Bain Capital Ventures with Animo Ventures, SemperVirens, Company Ventures, Springbank Collective and Gaingels.
As employers aggressively look to advance diversity in the workforce, Mathison's comprehensive and proprietary SaaS platform provides employers with a single AI-powered system to mobilize diversity hiring and improve retention. Founded in 2019 by Dave Walsh, an immigrant and executive in recruiting technology, and Arthur Woods, an LGBTQ leader and serial entrepreneur in HR technology, the company aims to bridge the gap between underrepresented job seekers and employers committed to diversity and inclusion. Mathison has grown by over 700% in the last year and will use the new funding to fuel its continued growth.
“Companies of all sizes are hiring their first Chief Diversity Officer, investing real dollars into improving the diversity of their workforce, and recognizing the need to have measurement around their equity and inclusion practices.” said Sarah Smith, Partner at Bain Capital Ventures. “We expect DEI budgets to increase from $14B today to $50B by 2025 and yet, company leaders are far underserved with software solutions to support their strategy. We believe Mathison will be the underpinning of every company’s DEI efforts from recruitment to bias scanning to inclusion practice measurement.”
Mathison addresses the fact that, to date, employers have lacked a holistic way to source diverse candidates, reduce bias in their hiring process, and mobilize their teams in diversity hiring efforts. “Up until now, employers have been left with expensive single-point solutions that only address part of their diversity hiring needs. Our vision was to centralize many of these DE&I tools and capabilities at a fraction of the typical cost for employers and then help them measure and report progress, while also empowering candidates to successfully find new job opportunities,” said Walsh.
Mathison’s web and mobile platform is available to employers through an affordable subscription, giving them a single place to manage their diversity hiring activities. This includes sourcing diverse candidates, reducing bias in job descriptions, selecting and interviewing candidates, and mobilizing team members in diversity hiring efforts with tools to build awareness and change behavior.
Mathison has had a record-breaking demand for its platform over the last year. A wide range of employers leverage Mathison, from large corporations like Accenture and Charles Schwab to high-growth companies like TripAdvisor and Sonos to nonprofits like the Space Telescope Science Institute. Mathison is even leveraged by national sports teams including the NHL’s Minnesota Wild and Seattle Kraken for corporate recruiting.
HelloFresh, the global food delivery platform, is one of Mathison’s earliest customers. "Mathison is key to our diversity recruiting efforts and has delivered compelling results,” said Mark Eberly, senior vice president of HR at HelloFresh. “We've not only bought into the company's mission and team, but its unique platform has allowed us to activate our diversity hiring strategy during a year of tremendous growth.”
In addition to building robust technology and AI, Mathison has forged strong partnerships with more than 2,300 community organizations that serve underrepresented groups. Leveraging this vast network of relationships, Mathison is able to develop and deliver proprietary insights related to the barriers faced by diverse job seekers, helping employers not just make single hires, but shift their overall HR policies and practices. “Part of what makes Mathison special is that we help employers build awareness of different underrepresented groups and then equip them with the tools to meaningfully recruit from these communities,” said Woods.
Mathison leverages its own technology for internal hiring; its full team is 38% BIPOC and 60% women, and its leadership team is 75% LGBTQ. Mathison’s team encompasses 10 of the underrepresented communities the company supports through its model.
Employers invested in diversity:
Employers can learn more and take a complimentary diversity audit of their hiring process at http://Mathison.io.
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Mathison is a technology company that leads the innovation and research on diversity hiring. Mathison gives employers a holistic system to activate their diversity hiring strategy in one place. Their technology delivers top-of-funnel diversity sourcing, a system to reduce bias in the hiring process, and tools to mobilize the entire team around diversity hiring efforts. Mathison is leveraged by a wide range of employers of all sizes. Their book, Hiring for Diversity, comes out August 2021.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. The firm invests from seed to growth in startups driving transformation across industries, from SaaS, infrastructure software and security to fintech and healthcare to commerce and consumer tech. The firm has helped launch and commercialize more than 240 companies, including DocuSign, Jet.com, Lime, LinkedIn, Redis Labs, Rent the Runway, Rubrik, SendGrid and SurveyMonkey. Bain Capital Ventures has $6.1 billion in assets under management with offices in San Francisco, New York, Boston, and Palo Alto. Follow the firm via LinkedIn and Twitter.