Divercity

Divercity, founded in 2017 by Chuka Ikokwu and Seun Oyediran, operates as a recruitment and retention platform focused on enhancing diversity, equity, and inclusion (DEI) within the technology sector. The company's inception was driven by the founders' personal experiences with the challenges of navigating the professional world as black men and their subsequent desire to create a more equitable landscape for underrepresented talent. Ikokwu's background in finance and law, combined with Oyediran's experience in building technology products, provided the foundational expertise for the venture. The platform serves companies and HR professionals by offering tools to measure and analyze their workforce diversity. Its primary service involves connecting these companies with a pre-vetted network of diverse professionals, primarily in technical fields. Divercity's business model is twofold: it operates on a subscription basis for access to its talent network and also charges placement fees when a candidate is successfully hired through the platform. This approach provides a direct revenue stream linked to successful diversity hiring outcomes. A key feature of Divercity's offering is its use of artificial intelligence to match candidates with suitable roles, aiming to reduce bias in the hiring process. The platform also functions as a professional network, allowing diverse candidates to connect with mentors and peers, fostering a sense of community. In 2021, the company successfully closed a $1.55 million seed funding round, which has supported its growth and the expansion of its platform's capabilities. Keywords: diversity recruiting, DEI platform, talent acquisition, HR technology, workforce analytics, professional network, diverse talent, inclusion software, equity in tech, recruitment software