What is Synchtank?
Synchtank offers a comprehensive SaaS platform designed to simplify and streamline asset and rights management for music industry professionals. Serving a diverse clientele including publishers, libraries, labels, and broadcasters such as peermusic, Warner Chappell Production Music, UnitedMasters, and the NFL, Synchtank consolidates all essential management functions into a single, unified platform. The company operates with a global team, headquartered in London, providing essential tools for efficient operation within the complex music ecosystem.
How much funding has Synchtank raised?
Synchtank has raised a total of $6.5M across 2 funding rounds:
Angel/Seed
$650K
Series A
$5.8M
Angel/Seed (2011): $650K, investors not publicly disclosed
Series A (2021): $5.8M led by Octopus Ventures
Key Investors in Synchtank
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm that backs mission-driven companies across various technology sectors, including software and financial technology, offering long-term capital and guidance.
What's next for Synchtank?
With a recent major strategic investment and a history of enterprise-level funding, Synchtank is well-positioned for its next phase of growth. The company's focus on simplifying complex asset and rights management for key players in the music industry suggests a trajectory towards further platform development and market penetration. This latest backing will likely fuel enhancements to its SaaS offering, potentially expanding its feature set to address emerging industry needs and solidify its competitive advantage in the global music technology landscape.
See full Synchtank company page
