About Syng
Syng is a company based in Venice (United States) founded in 2018 by Christopher Stringer.. Syng has raised $48.75 million across 1 funding round from investors including Eclipse, Mike Krieger and Lionel Richie. Syng operates in a competitive market with competitors including Sonos, WiSA Technologies, Comhear, Fugoo and U-Turn Audio, among others.
- Headquarter Venice, United States
- Founders Christopher Stringer
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Syng, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.75 M (USD)
in 1 rounds
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Latest Funding Round
$48.75 M (USD), Series A
Sep 23, 2021
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Investors
Eclipse
& 8 more
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Employee Count
Employee Count
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Funding Insights of Syng
Syng has successfully raised a total of $48.75M through 1 strategic funding round. The most recent funding activity was a Series A round of $48.75 million completed in September 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 1
- Last Round Series A — $48.8M
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First Round
First Round
(23 Sep 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - Syng | Valuation | Eclipse |
| 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 Syng
Syng has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Eclipse, Mike Krieger and Lionel Richie. 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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Early-stage investments are made by Eclipse across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage tech companies are invested in by Bridford Group.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Syng
| 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 - Syng
| 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 |
Syng Comparisons
Competitors of Syng
Syng 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 Sonos, WiSA Technologies, Comhear, Fugoo and U-Turn Audio, 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 |
Multi-category speakers and accessories are provided by Sonos.
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| domain | founded_year | HQ Location |
Developer of smart home audio systems
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| domain | founded_year | HQ Location |
Digital audio wearable technologies are offered through an internet-first brand.
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| domain | founded_year | HQ Location |
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| domain | founded_year | HQ Location |
Turntables and accessories are sold online by U-Turn Audio.
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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 Syng
Frequently Asked Questions about Syng
When was Syng founded?
Syng was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Syng located?
Syng is headquartered in Venice, United States. It is registered at Venice, Florida, United States.
Is Syng a funded company?
Syng is a funded company, having raised a total of $48.75M across 1 funding round to date. The company's 1st funding round was a Series A of $48.75M, raised on Sep 23, 2021.
What does Syng do?
Syng was founded in 2018 and is headquartered in Venice, United States. An internet-first approach is utilized by the company within the consumer audio sector to distribute speakers. Multi-category products are provided that support direct streaming of music, podcasts, movies, and games from user devices. Operations focus on online accessibility, with leadership including founder and CDO Christopher Stringer.
Who are the top competitors of Syng?
Syng's top competitors include Sonos, WiSA Technologies and Comhear.
Who are Syng's investors?
Syng has 9 investors. Key investors include Eclipse, Mike Krieger, Lionel Richie, Joe Gebbia, and Bridford Group.
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