NBIF backs MESH/diversity

MESH/diversity, a Moncton-based inclusion-focused software company, has secured over $950,000 in seed funding. The investors included New Brunswick Innovation Foundation, which provided $250,000 to that round. Founded in 2013, MESH/diversity is led by CEO Mike Wright.

PRESS RELEASE

MONCTON – The New Brunswick Innovation Foundation (NBIF) has announced a $250,000 investment in MESH/diversity, an inclusion-focused software company. NBIF’s investment forms part of an overall seed round over $950,000.

Based in Moncton, MESH/diversity’s software helps organizations build a more diverse and inclusive workforce. Using predictive algorithms, the Diversity Intelligence™ Platform benchmarks, measures and drives inclusive cultures where the best people will want to work, stay and thrive. MESH helps organizations remove unconscious bias from the hiring and promotion process, while creating a stronger corporate culture.

“Currently, there’s increased importance placed on equity, diversity and inclusivity which has created a new opportunity for solutions that create fairer hiring and human resources processes,” says Daniel Hoyles, NBIF Investment Analyst. “We feel that MESH/diversity is uniquely positioned to address this.”

Led by CEO Mike Wright, MESH/diversity was founded in 2013. Since then, the company has doubled their team, grown their revenue, and expanded their customer base. The company counts Southern New Hampshire University, LPL Financial, OSL Retail Services and Habitat for Humanity Canada among their clients. MESH’s platform and approach are underpinned by its Chief Diversity Officer, Dr. Leeno Karumanchery, and his 20+ years of experience and expertise in the field.

“Rather than relying on personality profiles, MESH has distinguished itself from competitors by focusing their product on the behavioural makeups that actually drive belonging, inclusion and engagement in organizational cultures,” says Hoyles.

As thought leaders in the field of Diversity & Inclusion, MESH/diversity plans to use the investment to help increase their revenue, expand their sales and marketing team, and continue to grow their client base.

“Companies are increasingly recognizing the value of building inclusive cultures, and contrary to the popular belief, you can’t simply hire your way there,” says Mike Wright, CEO of MESH/diversity. “At MESH, we take a data-driven approach to removing unconscious bias so our clients can build the cultures that they want.”

About New Brunswick Innovation Foundation
Since its launch 16 years ago, the New Brunswick Innovation Foundation, an independent, non-profit corporation, has invested over $100 million in New Brunswick start-ups and researchers and leveraged $457 million more from other private and public sources. Those strategic investments have helped launch over 100 companies and funded nearly 500 applied research projects. Profits from NBIF’s investments go back into the foundation for reinvestment in other start-ups and research initiatives that drive innovation, attract investment and create jobs in New Brunswick. Find out more at nbif.ca.