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Synaptic raised 20 million USD in a series B fundraising
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Synaptic’s products were first developed by Vy Capital’s data and analytics division before being spun off as an own firm in 2016
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Ribbit Capital, Felicis Ventures, and Vy Capital Management previously invested $6 million in Synaptic as seed and series A financing
Synaptic, a data analytics business located in India, has secured $20 million in a series B fundraising round headed by Valor Equity Partners.
Venture capital firms and hedge funds utilize Synaptic’s data and analytics platform to follow startups, do market research, and manage portfolios.
Synaptic Raises $20 Million in Series B Round
Its machine learning-powered platform generates individualized insights from more than 100 firm performance variables, such as online traffic, product evaluations, and employee statistics. Synaptic’s products were first developed by Vy Capital’s data and analytics division before being spun off as an own firm in 2016.
Anurag Abbott, the co-founder of Synaptic said,
“The company will use the fresh funds to invest in product development, grow its partnerships with data vendors, and expand its go-to-market teams in global financial hubs. With the series B funding, we will massively increase our reach and bring our capabilities to more markets and geographies,”
Ribbit Capital, Felicis Ventures, and Vy Capital Management previously invested $6 million in Synaptic as seed and series A financing.