About SYNETIQ
SYNETIQ is a company based in Doncaster (United Kingdom) founded in 2019 was acquired by Insurance Auto Auctions in October 2021.. SYNETIQ has completed 1 acquisition, including Motorman. SYNETIQ offers products and services including Salvage Auction, Green Parts, and Sell My Car. SYNETIQ operates in a competitive market with competitors including Halfords, GSF Car Parts, Euro Car Parts, Alpine and Inchcape, among others.
- Headquarter Doncaster, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Synetiq Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Insurance Auto Auctions
(Oct 22, 2021)
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Products & Services of SYNETIQ
SYNETIQ offers a comprehensive portfolio of products and services, including Salvage Auction, Green Parts, and Sell My Car. 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.
Online bidding for salvaged vehicles and parts.
Sale of used vehicle components for cost savings.
Service to sell cars in any condition quickly.
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Funding Insights of SYNETIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 SYNETIQ
SYNETIQ has secured backing from 1 investor. Prominent investors backing the company include Insurance Auto Auctions. 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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Used cars are auctioned via an app-based B2C marketplace.
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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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Venture capital is directed toward companies in multiple sectors.
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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 SYNETIQ
SYNETIQ has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Motorman. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer and supplier of automotive components
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SYNETIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Synetiq Comparisons
Competitors of SYNETIQ
SYNETIQ 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 Halfords, GSF Car Parts, Euro Car Parts, Alpine and Inchcape, 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 |
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| domain | founded_year | HQ Location |
Automotive parts and accessories are sold online by Halfords.
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GSF Car Parts is recognized as a leading motor factor business in the UK, supplying automotive parts to trade and retail customers.
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Aftermarket auto parts and accessories are sold online.
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Car audio and navigation/infotainment systems are developed by Alpine.
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Automotive products are distributed and retailed by Inchcape.
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Passenger and commercial vehicle parts are distributed across Europe.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Synetiq
Frequently Asked Questions about SYNETIQ
When was SYNETIQ founded?
SYNETIQ was founded in 2019.
Where is SYNETIQ located?
SYNETIQ is headquartered in Doncaster, United Kingdom. It is registered at Doncaster, England, United Kingdom.
Who is the current CEO of SYNETIQ?
Tom Rumboll is the current CEO of SYNETIQ.
What does SYNETIQ do?
SYNETIQ was founded in 2019 and is headquartered in Doncaster, United Kingdom. Operations focus on the automotive sector, where car accessories are distributed to various customers. Services encompass the provision of essential vehicle components and enhancements, supporting local and regional needs. The company is led by CEO Tom Rumboll, with activities centered on efficient supply chain management within the UK domain synetiq.co.uk.
Who are the top competitors of SYNETIQ?
SYNETIQ's top competitors include Halfords, Inchcape and GSF Car Parts.
What products or services does SYNETIQ offer?
SYNETIQ offers Salvage Auction, Green Parts, and Sell My Car.
How many acquisitions has SYNETIQ made?
SYNETIQ has made 1 acquisition, including Motorman.
Who are SYNETIQ's investors?
SYNETIQ has 1 investor. Key investors include Insurance Auto Auctions.