About Synota
Synota is a company based in Columbus (United States) founded in 2022 by Alan Schroeder, Lisa Scott, and Austin Mitchell.. Synota has raised $3 million across 1 funding round from investors including Ego Death Capital, Rev1 Ventures and Trammell Venture Partners. Synota offers products and services including Synota Payments Tool and Synota Insights Platform. Synota operates in a competitive market with competitors including Hut 8 Mining, Cipher Mining, Botanix Labs, Omega Network and Hyperblock, among others.
- Headquarter Columbus, United States
- Founders Alan Schroeder, Lisa Scott, Austin Mitchell
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Synota 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
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Oct 27, 2022
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Investors
Ego Death Capital
& 5 more
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Employee Count
Employee Count
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Products & Services of Synota
Synota offers a comprehensive portfolio of products and services, including Synota Payments Tool and Synota Insights Platform. 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.
Automates daily energy payments and tracks receivables for businesses.
Provides real-time energy charge insights and contract enforcement.
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Funding Insights of Synota
Synota has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(27 Oct 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Synota | Valuation | ego death capital |
| 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 Synota
Synota has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Ego Death Capital, Rev1 Ventures and Trammell Venture 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 funding is offered for Bitcoin-related projects.
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Founded Year | Domain | Location | |
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Startup Studio building companies in the US & Europe and Angel Network for Ohio based companies
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Founded Year | Domain | Location | |
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Deep-tech startups are funded by Trammell Venture Partners venture capital.
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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 Synota
| 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 - Synota
| 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 |
Synota Comparisons
Competitors of Synota
Synota 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 Hut 8 Mining, Cipher Mining, Botanix Labs, Omega Network and Hyperblock, 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 |
Digital asset mining and performance computing solutions for individuals
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| domain | founded_year | HQ Location |
Mining infrastructure for cryptocurrencies and Bitcoin
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| domain | founded_year | HQ Location |
Builds Bitcoin Layer 2 for DeFi, staking, and EVM-compatible applications.
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| domain | founded_year | HQ Location |
Digital currency platform that facilitates the creation, transfer, and storage of digital assets
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| domain | founded_year | HQ Location |
Operates crypto mining facilities for industry clients.
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| domain | founded_year | HQ Location |
Surplus renewable energy is converted to cryptocurrency via online mining.
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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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Frequently Asked Questions about Synota
When was Synota founded?
Synota was founded in 2022.
Where is Synota located?
Synota is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of Synota?
Austin Mitchell is the current CEO of Synota. They have also founded this company.
Is Synota a funded company?
Synota is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Oct 27, 2022.
What does Synota do?
Synota was founded in 2022 in Columbus, United States, focusing on the bitcoin mining and energy sectors. Decentralized software is provided to facilitate bitcoin mining-related services, including peer-to-peer payments and instant settlement. Existing hardware and software in the energy industry are integrated to maximize production efficiency, reduce payment delays, and lower back-office expenses. Operations emphasize seamless financial transactions within mining ecosystems.
Who are the top competitors of Synota?
Synota's top competitors include Hut 8 Mining, Cipher Mining and Omega Network.
What products or services does Synota offer?
Synota offers Synota Payments Tool and Synota Insights Platform.
Who are Synota's investors?
Synota has 6 investors. Key investors include Ego Death Capital, Rev1 Ventures, Trammell Venture Partners, Hivemind Ventures, and Bitcoiner Ventures.
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