Synthace

London, United Kingdom Founded: 2011 • Age: 15 yrs
SaaS-based laboratory automation software is provided for researchers.
Annual revenue $2.4M Latest available
Total funding $80.3M 8 rounds
Employees 68 Tracked headcount
Investors 9 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Synthace

Synthace is a company based in London (United Kingdom) founded in 2011 by Markus Christian Gershater. Synthace has raised $80.27 million across 8 funding rounds from investors including Horizons Ventures, Sofinnova Partners and SOSV. The company has 68 employees as of December 31, 2020. Synthace offers products and services including Synthace Software, DOE Training Course, and Dilution Calculator. Synthace operates in a competitive market with competitors including Waters Corporation, Tecan, Emerald Therapeutics, Quartzy and CrelioHealth, among others.

  • Headquarter London, United Kingdom
  • Employees 68 as on 31 Dec, 2020
  • Founders Markus Christian Gershater
  • Stage Minicorn
  • Sectors
    Healthcare
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Synthace Limited
  • Date of Incorporation 31 May, 2011
  • Jurisdiction LONDON, ENGLAND
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research Unlock Sub-Sector Unlock Segment
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $2.41 M (USD)
    47
    as on Jan 31, 2023
  • Net Profit
    -$11.58 M (USD)
    -7
    as on Jan 31, 2023
  • EBITDA
    -$13.47 M (USD)
    -5
    as on Jan 31, 2023
  • Total Equity Funding
    $80.27 M (USD)

    in 8 rounds

  • Latest Funding Round
    $35 M (USD), Series C

    Nov 16, 2021

  • Investors
  • Employee Count
    68

    as on Dec 31, 2020

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Products & Services of Synthace

Synthace offers a comprehensive portfolio of products and services, including Synthace Software, DOE Training Course, and Dilution Calculator.

Product name locked
Category locked
Primary

Software for automating and optimizing biological experiments.

Product name locked
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Training on Design of Experiments for scientific research.

Product name locked
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Online tool for accurate dilution calculations in labs.

People of Synthace

Headcount 50-200
Employee Profiles 12
Board Members and Advisors 6
Employee Profiles
People
Prince Ikeru
Associate Business Development Manager
People
Abdul Rahim Bah
Director of Engineering
People
Brian Danforth
VP, Sales
People
Stephanie Volk
Global Manager, Customer Success

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Board Members and Advisors
people
Bill Liao
Observer
people
Markus Gershater
Co-Founder & Chief Scientific Officer
people
Patrick Zhang
Non-Executive Director
people
Joško Bobanović
Observer

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Funding Insights of Synthace

Synthace has successfully raised a total of $80.27M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $35 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.

Investors in Synthace

Synthace has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Horizons Ventures, Sofinnova Partners and SOSV.

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Venture Fund
Investor Description Founded Year Domain Location
Horizons Ventures is focused on investing in deep science and technology.
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Sofinnova Partners is focused on life sciences and healthcare investments.
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Venture capital and accelerator services are provided across multiple sectors.
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Investor details for Synthace

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Investments & Acquisitions by Synthace

Investments
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Investment portfolio details for Synthace

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Financial Statements - Synthace

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Detailed financials for Synthace

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Synthace Comparisons

Synthace Primary company
Description
SaaS-based laboratory automation software is provided for re...
Location
London, United Kingdom
Founded Year
2011
Annual Revenue
$2.41 M (USD)
Net Profit
-$11.58 M (USD)
EBITDA
-$13.47 M (USD)
Employees
68
As of 2020
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Peer comparison for Synthace

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Competitors of Synthace

Synthace 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 Waters Corporation, Tecan, Emerald Therapeutics, Quartzy and CrelioHealth, among others.

Company Name Domain Founded year HQ Location Description
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Provider of laboratory management system for researchers and clinicians
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Automated laboratory instruments, robotics, and diagnostic solutions are provided.
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Cloud-based remote lab automation software is offered for life sciences.
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Lab management platform for life sciences is offered by Quartzy.
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SaaS-based laboratory information system is provided for clinicians.
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Detailed competitors of Synthace

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Latest news on Synthace

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Complete news archive for Synthace

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Frequently Asked Questions about Synthace

Synthace was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Synthace is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

Markus Christian Gershater is the current CEO of Synthace. They have also founded this company.

Synthace is a funded company, having raised a total of $80.27M across 8 funding rounds to date.

As of Dec 31, 2020, the latest employee count at Synthace is 68.

Annual revenue of Synthace is $2.41M as on Jan 31, 2023.

Synthace was founded in 2011 in London, United Kingdom, within the biotechnology sector. SaaS-based software for laboratory automation is offered to researchers, enabling experiment automation through products like Antha. An interoperable system is included for error detection and can be reprogrammed to manage liquid handling in biological experiments. Operations focus on streamlining research workflows across global labs.

Synthace's top competitors include Tecan, Waters Corporation and Automata.

Synthace offers Synthace Software, DOE Training Course, and Dilution Calculator.

Synthace has 9 investors. Key investors include Horizons Ventures, Sofinnova Partners, SOSV, Luminous Ventures, and Amadeus Capital Partners.

The valuation of Synthace is $71.3M as of Dec 2018.

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