About Syqe
Syqe is a company based in Tel Aviv (Israel) founded in 2011 by Perry Davidson and Benny Shwartz was acquired by Vectura in July 2023.. Syqe has raised $75.67 million across 4 funding rounds from investors including OurCrowd, Philip Morris International and Phillips Medisize. Syqe offers products and services including SyqeAir Inhaler, SyqeAir Cartridge, and Case for SyqeAir Inhaler. Syqe operates in a competitive market with competitors including Kanabo, Dosist, Philter, Resolve Digital Health and Fernway, among others.
- Headquarter Tel Aviv, Israel
- Founders Perry Davidson, Benny Shwartz
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Syqe
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Products & Services of Syqe
Syqe offers a comprehensive portfolio of products and services, including SyqeAir Inhaler, SyqeAir Cartridge, and Case for SyqeAir Inhaler. 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.
Device for precise metered-dose cannabis administration
Cartridges providing cannabis doses for the inhaler
Protective case to store and carry the inhaler
Funding Insights of Syqe
Syqe has successfully raised a total of $75.67M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in December 2018. 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 4
- Last Round Series A — $50.0M
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First Round
First Round
(29 Apr 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2018 | Amount | Series A - Syqe | Valuation | Shavit Capital | |
| Nov, 2018 | Amount | Series A - Syqe | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - Syqe | Valuation | Philip Morris International |
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| 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 Syqe
Syqe has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include OurCrowd, Philip Morris International and Phillips Medisize. 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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Private equity investments in Israel are managed by Shavit Capital.
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Founded Year | Domain | Location | |
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Multi-category tobacco products, including cigarettes and heated options, are manufactured.
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Martin Bauer is engaged in producing plant-based products for various industries.
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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 Syqe
| 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 - Syqe
| 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 |
Syqe Comparisons
Competitors of Syqe
Syqe 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 Kanabo, Dosist, Philter, Resolve Digital Health and Fernway, 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 |
Cannabis-based medical and consumer products are developed by Kanabo.
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| domain | founded_year | HQ Location |
Cannabis strains are sourced and processed for therapeutic products.
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| domain | founded_year | HQ Location |
Vapour cigarettes are branded and offered by Philter.
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| domain | founded_year | HQ Location |
Smart inhalers and health monitoring devices are developed for wellness.
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| domain | founded_year | HQ Location |
Cannabis-based vaporizer cartridges with natural terpenes are provided.
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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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Latest news on Syqe
Frequently Asked Questions about Syqe
When was Syqe founded?
Syqe was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Syqe located?
Syqe is headquartered in Tel Aviv, Israel.
Who is the current CEO of Syqe?
Hagit Kamin is the current CEO of Syqe.
Is Syqe a funded company?
Syqe is a funded company, having raised a total of $75.67M across 4 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Apr 29, 2015.
What does Syqe do?
Syqe was established in 2011 in Tel Aviv, Israel, within the medical cannabis sector. An inhalation device called Air is produced to deliver controlled THC doses. Pain reduction is facilitated, psychoactive effects are managed, and daily functioning is supported through this system. Operations center on device development and precise medication administration for therapeutic use.
What products or services does Syqe offer?
Syqe offers SyqeAir Inhaler, SyqeAir Cartridge, and Case for SyqeAir Inhaler.
Who are Syqe's investors?
Syqe has 5 investors. Key investors include OurCrowd, Philip Morris International, Phillips Medisize, Shavit Capital, and Martin Bauer.
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