About Synthetix
Synthetix is a company based in Sydney (Australia) founded in 2017. Synthetix has raised $186.05 million across 6 funding rounds from investors including Coinbase, Framework Ventures and Paradigm Ventures. Synthetix has completed 1 acquisition, including Kwenta. Synthetix operates in a competitive market with competitors including IoTeX, Dash, Decentraland, Origin Protocol and POAP, among others.
- Headquarter Sydney, Australia
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People of Synthetix
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Funding Insights of Synthetix
Synthetix has successfully raised a total of $186.05M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $150 million completed in April 2026. 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 Synthetix
Synthetix has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Framework Ventures and Paradigm Ventures.
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Venture capital firm investing in web3 technology startups
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Investments are made in early-stage tech startups by IOSG Ventures.
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Blockchain startups are funded by Framework Ventures venture capital.
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Investor details for Synthetix
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Investments & Acquisitions by Synthetix
Synthetix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kwenta.
Investment portfolio details for Synthetix
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Derivatives trading is enabled via a decentralized exchange platform.
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Complete acquisition details for Synthetix
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Financial Statements - Synthetix
Detailed financials for Synthetix
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Synthetix Comparisons
Peer comparison for Synthetix
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Competitors of Synthetix
Synthetix 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 IoTeX, Dash, Decentraland, Origin Protocol and POAP, among others.
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Blockchain-based connectivity for IoT applications is facilitated.
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Dash is recognized as a digital cash cryptocurrency solution.
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Virtual world games are facilitated through an NFT-based platform.
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A blockchain platform is provided for building decentralized marketplaces.
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Cloud-based NFTs are collected for event badges and participant tracking.
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Detailed competitors of Synthetix
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Latest news on Synthetix
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Frequently Asked Questions about Synthetix
Synthetix was founded in 2017.
Synthetix is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Synthetix is a funded company, having raised a total of $186.05M across 6 funding rounds to date.
Synthetix was established in 2017 in Sydney, Australia, as a derivatives liquidity protocol within the cryptocurrency sector. Crypto-backed synthetic asset tokens, known as Synths, have been created and pegged to assets including the Euro, Japanese Yen, Korean Won, Australian Dollar, and gold. Holders of the Synthetix Network Token are enabled to issue these Synths. A decentralized application is provided for users to conduct the minting process.
Synthetix has made 1 acquisition, including Kwenta.
Synthetix has 9 investors. Key investors include Coinbase, Framework Ventures, Paradigm Ventures, DWF Labs, and IOSG Ventures.