About Synchtank
Synchtank is a company based in London (United Kingdom) founded in 2008.. Synchtank has raised $6.55 million across 2 funding rounds from investors including Octopus Ventures and Juno Capital Partners. The company has 14 employees as of December 31, 2023. Synchtank operates in a competitive market with competitors including Beatdapp Software, Utopia Music, Soundreef, Thematic and Restorm, among others.
- Headquarter London, United Kingdom
- Employees 14 as on 31 Dec, 2023
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Synchtank Limited
- Date of Incorporation 23 Nov, 2010
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.55 M (USD)
in 2 rounds
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Latest Funding Round
$5.8 M (USD), Series A
Nov 23, 2021
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Investors
Octopus Ventures
& 1 more
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Employee Count
14
as on Dec 31, 2023
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Funding Insights of Synchtank
Synchtank has successfully raised a total of $6.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.8 million completed in November 2021. 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 2
- Last Round Series A — $5.8M
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First Round
First Round
(01 Jun 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Synchtank | Valuation | Octopus Ventures |
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| Jun, 2020 | Amount | Seed - Synchtank | Valuation | Juno Capital Partners |
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| 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 Synchtank
Synchtank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Octopus Ventures and Juno Capital Partners. 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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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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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 Synchtank
| 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 - Synchtank
| 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 |
Synchtank Comparisons
Competitors of Synchtank
Synchtank 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 Beatdapp Software, Utopia Music, Soundreef, Thematic and Restorm, 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 |
Royalty & rights management solutions provider for artists
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| domain | founded_year | HQ Location |
Provider of royalty management solutions for artists
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| domain | founded_year | HQ Location |
Online platform providing royalty management solutions
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| domain | founded_year | HQ Location |
Thematic is recognized as a provider of copyright-free music for content creators.
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| domain | founded_year | HQ Location |
Music licensing and promotion platform is provided for indie artists.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Synchtank
Frequently Asked Questions about Synchtank
When was Synchtank founded?
Synchtank was founded in 2008 and raised its 1st funding round 12 years after it was founded.
Where is Synchtank located?
Synchtank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Synchtank a funded company?
Synchtank is a funded company, having raised a total of $6.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Jun 01, 2020.
How many employees does Synchtank have?
As of Dec 31, 2023, the latest employee count at Synchtank is 14.
What does Synchtank do?
Synchtank was founded in 2008 in London, United Kingdom, within the music technology sector. A cloud-based platform is operated to support management and distribution of music for labels and broadcasters. Tracks are handled by artists through tools for marketing, pitching, sales, and distribution. Automatic metadata tagging is applied to enhance discovery and compliance. Pitches are generated, and licensing options are provided for tracks.
Who are the top competitors of Synchtank?
Synchtank's top competitors include Beatdapp Software, Utopia Music and Thematic.
Who are Synchtank's investors?
Synchtank has 2 investors. Key investors include Octopus Ventures, and Juno Capital Partners.
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