Canary, a NYC-based emergency relief fund solution that makes it easy for employers to raise and distribute tax-advantaged payments for workers experiencing financial hardships, raised $2.85m in funding.
Backers included Capital One Ventures and other current investors.
Led by Rachel Schneider, Co-Founder & CEO, Canary works with organizations across various industries to make employee relief funds available to their employees when they need it most. Their grant-making platform, Grant Circle, enables employees to receive grant money when they experience an unexpected, unavoidable emergency that causes financial hardship. Most often, these hardships impact an individual’s ability to afford basic living expenses, like mortgage or rent, utilities, and food. To date, Canary has partnered with organizations such as Visionworks, Clear Channel Outdoor, Harvard Business Publishing, and others to offer access to emergency grants and distribute money to employees in acute financial distress.