About Synertrade
Synertrade is a company based in Munchen (Germany) founded in 1999 was acquired by Digital Dimension in August 2015.. Synertrade offers products and services including SRM, P2P, and S2C. Synertrade operates in a competitive market with competitors including Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
- Headquarter Munchen, Germany
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Synertrade, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Arts et Biens
& 1 more
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Employee Count
Employee Count
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Acquired by
Digital Dimension
(Aug 28, 2015)
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Products & Services of Synertrade
Synertrade offers a comprehensive portfolio of products and services, including SRM, P2P, and S2C. 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.
Software for managing supplier relationships in procurement operations.
Platform that handles procurement from purchase to payment processes.
Tools for sourcing and contract management in business supply chains.
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Funding Insights of Synertrade
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2002 | Amount | Series A - Synertrade | Valuation |
investors |
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| Jun, 2000 | Amount | Unspecified - Synertrade | Valuation |
investors |
| 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 Synertrade
Synertrade has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Arts et Biens and Digital Dimension. 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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Arts et Biens is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Digital Dimension is engaged in providing creative visual services.
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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 Synertrade
| 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 - Synertrade
| 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 |
Synertrade Comparisons
Competitors of Synertrade
Synertrade 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 Sage Group, Coupa, Airbase, Bizongo and Procurify, 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 accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS spend management software is used to automate procure-to-pay operations.
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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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 Synertrade
Frequently Asked Questions about Synertrade
When was Synertrade founded?
Synertrade was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Synertrade located?
Synertrade is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
What does Synertrade do?
SynerTrade, a division of Digital Dimension, develops source-to-pay application suite for companies to automate their procurement process. Its solution suite helps in procurement process in the following ways: Identifying right suppliers, plan, execute and analyze tenders, organize complex online negotiations and manage contracts, manage purchase requisitions, create and approve purchase orders, manage goods delivery, and reception, supplier data, evaluate risk and performance level, supplier collaboration and analytics on purchasing data for spend purchasing intelligence. Customers include Sodiaal, Alstom, Engie, Shiseido etc.
Who are the top competitors of Synertrade?
Synertrade's top competitors include Coupa, Sage Group and Airbase.
What products or services does Synertrade offer?
Synertrade offers SRM, P2P, and S2C.
Who are Synertrade's investors?
Synertrade has 2 investors. Key investors include Arts et Biens, and Digital Dimension.