About Cinchy
Cinchy is a company based in Toronto (Canada) founded in 2014 by Dan DeMers and Karanjot Jaswal. It operates as a SaaS (Software-as-a-Service), and Managed Services. Cinchy has raised $24.08 million across 5 funding rounds from investors including TD Bank, Indus Valley Partners and BDC. Cinchy offers products and services including Cinchy Platform, ERP/CRM Consolidation, Customer 360 & MDM, and Digital Transformation. Cinchy operates in a competitive market with competitors including Informatica, Cleo, Nexla, Onna and Flywheel, among others.
- Headquarter Toronto, Canada
- Founders Dan DeMers, Karanjot Jaswal
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.08 M (USD)
in 5 rounds
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Latest Funding Round
$14.5 M (USD), Series B
Oct 27, 2022
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Investors
TD Bank
& 12 more
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Employee Count
Employee Count
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Products & Services of Cinchy
Cinchy offers a comprehensive portfolio of products and services, including Cinchy Platform, ERP/CRM Consolidation, Customer 360 & MDM, and Digital Transformation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Data collaboration platform for real-time analysis and governance.
Solution for consolidating ERP and CRM data systems.
Unified view of customer data for better insights.
Support for digital transformation with streamlined data processes.
Unlock access to complete
Funding Insights of Cinchy
Cinchy has successfully raised a total of $24.08M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $14.5 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $14.5M
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First Round
First Round
(01 Jun 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Cinchy | Valuation | ForgePoint Capital | |
| Jun, 2020 | Amount | Grant - Cinchy | Valuation |
investors |
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| May, 2020 | Amount | Series A - Cinchy | Valuation | Information Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cinchy
Cinchy has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include TD Bank, Indus Valley Partners and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward early-stage cybersecurity startups.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Mars Capital is engaged in venture capital and startup incubation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cinchy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cinchy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cinchy Comparisons
Competitors of Cinchy
Cinchy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Informatica, Cleo, Nexla, Onna and Flywheel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based enterprise data preparation and management platform
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| domain | founded_year | HQ Location |
Cleo is recognized for providing supply chain integration solutions.
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| domain | founded_year | HQ Location |
An AI-powered platform for data integration and management is developed.
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| domain | founded_year | HQ Location |
SaaS based eDiscovery
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| domain | founded_year | HQ Location |
Cloud-based platform for healthcare data capture and analysis is offered.
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| domain | founded_year | HQ Location |
Software suite solutions for retail supply chain are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cinchy
Frequently Asked Questions about Cinchy
When was Cinchy founded?
Cinchy was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Cinchy located?
Cinchy is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Cinchy?
Dan DeMers is the current CEO of Cinchy. They have also founded this company.
Is Cinchy a funded company?
Cinchy is a funded company, having raised a total of $24.08M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7.15M, raised on Jun 01, 2018.
What does Cinchy do?
Cinchy is established as a data collaboration platform that enables real-time data sharing, analysis, and governance for businesses. It is utilized across sectors like technology, financial services, and manufacturing to address data silos, streamline operations, and support digital transformation. Solutions such as ERPCRM consolidation, Customer 360, and Master Data Management are provided to enhance efficiency, reduce IT bottlenecks, and drive innovation. Cost savings, AI readiness, and compliance are prioritized to empower organizations with scalable data-driven decisions.
Who are the top competitors of Cinchy?
Cinchy's top competitors include SPS Commerce, Cleo and Nexla.
What products or services does Cinchy offer?
Cinchy offers Cinchy Platform, ERP/CRM Consolidation, Customer 360 & MDM, and Digital Transformation.
Who are Cinchy's investors?
Cinchy has 13 investors. Key investors include TD Bank, Indus Valley Partners, BDC, Techstars, and Forgepoint Capital.