Unitive Closes Bridge Loan Financing With Aligned Partners
Apr 30, 2015, 06:06 ET
WOODSIDE, Calif., April 30, 2015 /PRNewswire/ -- Unitive, the revolutionary team-building solution that eliminates unconscious bias from the hiring process, today announced the closing of bridge loan funding from Aligned Partners. The undisclosed amount will be used to prepare for the company's June 2015 launch.
"Under Laura Mather's seasoned leadership, we are confident that Unitive and its patent-pending technology will provide the definitive technology solution to companies striving to bring diverse and innovative talent into their workforce," said Jodi Sherman Jahic of Aligned Partners.
Built on an exhaustive examination of academic research on decision-making, linguistics and current best practices in human resource science, Unitive features patent-pending technology that identifies, map and sidesteps unconscious bias as it's happening.
"Aligned Partners' invaluable leadership, counsel and support is crucial to our success," said Mather. "Jodi Sherman Jahic and Susan Mason represent the best team of venture capitalists any entrepreneur can hope for, and I'm grateful to have them as part of the Unitive team."
Because of its clear strategy of founder-investor alignment and its concentrated portfolio, the experienced Aligned Partners team is able to provide world-class venture capital support to its portfolio companies. Aligned Partners is led by venture capital veterans Susan Mason and Jodi Sherman Jahic, who have over 35 years of combined experience in early-stage venture investing.
Mather is launching Unitive after having successfully sold her first company Silver Tail Systems in 2012 for hundreds of millions of dollars to EMC. Unitive disrupts behaviors caused by bias, educates employees about behaviors that unintentionally narrow the candidate pool and tracks biased behaviors resulting in the ultimate goal: diverse, innovative teams.
ABOUT UNITIVE
Unitive is a technology solution for full talent activation, helping corporations build diverse, innovative, productive teams. Unitive goes beyond training and reinforces behavioral change in real-time. Unitive transforms theoretical ideas about unconscious bias into pragmatic solutions that build stronger teams.
ABOUT ALIGNED PARTNERS
Aligned Partners is a venture firm dedicated to the idea that the interests of founders and investors can and should be aligned. Since 2011, the veteran team at Aligned Partners has been enabling capital-efficient companies in the B2B sector start lean and stay lean throughout their growth cycles, with better outcomes for founders and investors alike. As hands-on early-stage investors, Aligned Partners is the bellwether for a new breed of venture capital investment leveraging resourcefulness and alignment. The firm manages nearly $80 million across two funds.
MORE ABOUT LAURA MATHER
Laura Mather, PhD, built her career creating software solutions for organizations like the National Security Agency, eBay, and her own cyber security start-up Silver Tail Systems. After selling Silver Tail in 2012, Laura Mather went on to build a technology solution to address unconscious bias in the workplace. Mather has been recognized by Fast Company as one of the Most Creative People in Business and by Fortune as one of the Most Powerful Women Entrepreneurs.
Read more about Laura Mather and Unitive.works here:
http://www.fastcompany.com/3018200/most-creative-people-2012/16-laura-mather
http://www.forbes.com/sites/techonomy/2014/11/08/how-software-can-help-move-the-needle-on-diversity/
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SOURCE Unitive