About Syroco
Syroco is a company based in Marseille (France) founded in 2018 by Yves De Montcheuil and Alex Caizergues. It operates as a AI-as-a-Service. Syroco has raised $11.06 million across 2 funding rounds from investors including Alter Equity, Seventure Partners and Blue Forward Fund. Syroco offers products and services including Syroco Live. Syroco operates in a competitive market with competitors including EcoAct, Tallgrass, Native, Iceberg Data Lab and KeyLogic, among others.
- Headquarter Marseille, France
- Founders Yves De Montcheuil, Alex Caizergues
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.06 M (USD)
in 2 rounds
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Latest Funding Round
$7.85 M (USD), Series A
Dec 19, 2024
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Investors
Alter Equity
& 2 more
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Employee Count
Employee Count
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Products & Services of Syroco
Syroco offers a comprehensive portfolio of products and services, including Syroco Live. 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.
AI-driven solution optimises maritime shipping routes and efficiency.
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Funding Insights of Syroco
Syroco has successfully raised a total of $11.06M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.85 million completed in December 2024. 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 2
- Last Round Series A — $7.9M
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First Round
First Round
(05 Jun 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Syroco | Valuation | Alter Equity | |
| Jun, 2023 | Amount | Series A - Syroco | Valuation |
investors |
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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 Syroco
Syroco has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Alter Equity, Seventure Partners and Blue Forward Fund. 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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Alter Equity is focused on impact investing in sustainable startups.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused stage agnostic VC firm investing in Europe, Asia & the US
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Founded Year | Domain | Location | |
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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 Syroco
| 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 - Syroco
| 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 |
Syroco Comparisons
Competitors of Syroco
Syroco 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 EcoAct, Tallgrass, Native, Iceberg Data Lab and KeyLogic, 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.
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Air quality monitoring and compliance services are provided to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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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 Syroco
Frequently Asked Questions about Syroco
When was Syroco founded?
Syroco was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Syroco located?
Syroco is headquartered in Marseille, France. It is registered at Marseille, Provence-alpes-cote D'azur, France.
Who is the current CEO of Syroco?
Alex Caizergues is the current CEO of Syroco. They have also founded this company.
Is Syroco a funded company?
Syroco is a funded company, having raised a total of $11.06M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.21M, raised on Jun 05, 2023.
What does Syroco do?
Syroco is engaged in providing AI-driven voyage optimisation for maritime transportation. The platform, Syroco Live, utilises digital twins of vessels to enhance energy efficiency, reduce operational costs, and ensure navigational safety. Solutions are designed to streamline operations for ship operators and charterers by computing optimised routing in real-time. The technology supports sustainability goals by reducing fuel consumption and emissions in the maritime sector.
Who are the top competitors of Syroco?
Syroco's top competitors include Banyu Carbon, Tallgrass and Air Quality Management District.
What products or services does Syroco offer?
Syroco offers Syroco Live.
Who are Syroco's investors?
Syroco has 3 investors. Key investors include Alter Equity, Seventure Partners, and Blue Forward Fund.
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