What is Synacor?
Headquartered in Buffalo, New York, Synacor, founded in 2001, operates as a crucial technology development, multiplatform services, and revenue partner for a diverse clientele including video, Internet, and communications providers, device manufacturers, governments, and enterprises. The company's core offerings encompass managed portals, advanced advertising solutions, robust email and collaboration platforms, and cloud-based identity management services. Synacor's business model is centered on empowering its partners to deliver enhanced digital experiences and generate new revenue streams through its comprehensive technology suite.
How much funding has Synacor raised?
Synacor has raised a total of $71.1M across 5 funding rounds:
Series A
$4.5M
Series B
$5.4M
Series C
$17.3M
Stock Offering
$25.4M
Stock Offering
$18.5M
Series A (2003): $4.5M with participation from Crystal Internet Ventures, Advantage Capital, and Walden Ventures
Series B (2005): $5.4M led by Walden Ventures, Intel Capital, Advantage Capital, and Crystal Internet Ventures
Series C (2006): $17.3M supported by North Atlantic Capital, Seed Capital Partners, Crystal Ventures, Walden International, Intel Capital, and Advantage Capital
Stock Issuance/Offering (2012): $25.4M featuring Undisclosed
Stock Issuance/Offering (2017): $18.5M backed by Undisclosed
Key Investors in Synacor
North Atlantic Capital
North Atlantic Capital is a venture capital firm founded in 1986, specializing in providing growth capital to innovative technology companies across the United States, with a focus on high-growth, later-stage technology businesses.
Seed Capital Partners
Seed Capital Partners is an early-stage venture capital firm that invests in information technology, communications, and financial services sectors, primarily in the Northeastern United States, Southeastern Canada, and Israel.
Walden International
Walden International focuses on early-stage and expansion-stage companies in the Internet & Digital Media, Semiconductors, and Software & IT Services sectors, providing capital and value-add experience to accelerate growth.
What's next for Synacor?
The recent major strategic investment in Synacor signals a pivotal moment for the company, likely enabling accelerated development of its core platforms and expansion into new market segments. This capital infusion is expected to fuel innovation in areas such as identity management and cloud services, positioning Synacor to capitalize on the increasing demand for integrated digital solutions. The company's focus on partnerships with providers and enterprises suggests a strategy aimed at deepening its market penetration and solidifying its role as a key enabler of digital transformation.
See full Synacor company page
