Synapse (formerly known as SynapseFi) was founded in 2014 by Sankaet Pathak and Bryan Keltner. The company has not publicly endorsed plans to participate in an IPO.
Synapse is a fintech company whose API infrastructure helps businesses and developers connect their products with banks. The company has been described as the "AWS of banking" in reference to its goal of allowing anybody to easily build and deploy financial apps on the platform. Synapse has raised more than $50 million in venture capital funding from investors including Andreessen Horowitz, Trinity Ventures, and Core Innovation Capital. The company did not disclose valuation figures following a $33 million Series B fundraising round in 2019.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/07/2019 | Series B | $32.65MM | $xx.xx | $25.6B | Andreessen Horowitz, Core Innovation Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,503,542
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Core Innovation Capital, Trinity Ventures
|
||||||
09/04/2018 | Series A | $17.1MM | $xx.xx | $8.08B | Core Innovation Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,815,429
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Core Innovation Capital, Trinity Ventures
|
||||||
03/16/2015 | Series Seed | $1.81MM | $xx.xx | $1.31B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,495,921
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|