Total amount raised
$336.6 Millions
Latest funding date
Location
Title
Synthesia has successfully raised over $330 million across multiple funding rounds, with its latest Series D round bringing in $180 million.
The platform specializes in AI-generated video content, transforming text into professional videos using customizable avatars and voiceovers in over 140 languages. Keep reading to explore the intricacies of Synthesia's fundraising journey and the investors backing this innovative platform.
What Is Synthesia?
Synthesia, founded on August 25, 2017, is a London-based company specializing in AI-generated video content. The platform allows users to create professional videos from text using customizable avatars and voiceovers in over 140 languages.
The company was co-founded by Lourdes Agapito, Matthias Niessner, Steffen Tjerrild, and Victor Riparbelli. Synthesia aims to make video content creation scalable and affordable without compromising quality.
With a team of 251-500 employees, Synthesia continues to innovate in the field of AI video generation, offering solutions for various applications such as training and marketing.
How Much Funding Has Synthesia Raised?
- Pre-Seed Round
- Amount Raised: $1M
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for AI-generated video content.
- Seed Round
- Amount Raised: $3.1M
- Date: April 2019
- Lead Investors: LDV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $12.5M
- Date: April 2021
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $50M
- Date: December 2021
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in advanced AI technologies.
- Series C
- Amount Raised: $90M
- Date: June 2023
- Lead Investors: Accel
- Valuation at Round: $1B
- Motivation Behind the Round: To support growth and product development.
- Series D
- Amount Raised: $180M
- Date: January 2025
- Lead Investors: New Enterprise Associates
- Valuation at Round: $2.1B
- Motivation Behind the Round: To expand market share and grow the company.
Total amount raised: $336.6M. Current valuation: $2.1B.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare sectors. They focus on early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Robinhood, Coursera, Duolingo.
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., focusing on technology companies. They invest in a wide range of sectors including life sciences and consumer products.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Uber, Slack, Nest.
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage technology companies. They have a strong presence in both the U.S. and Europe.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Dropbox, Spotify.
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm based in New York, investing in technology-driven companies. They focus on early-stage investments.
- Investment Focus Areas: Technology, AI, consumer.
- Notable Investments: Pinterest, Shopify, Riot Games.
- MMC Ventures
- Details: MMC Ventures is a London-based venture capital firm investing in early-stage technology companies. They focus on high-growth sectors.
- Investment Focus Areas: AI, fintech, SaaS.
- Notable Investments: Gousto, Signal AI, Interactive Investor.
What's Next for Synthesia?
With a valuation of $2.1 billion, Synthesia is poised to capitalize on significant opportunities in the AI video market. The company plans to expand into new markets like Japan and Australia, while also enhancing its AI-powered video experiences. This expansion is bolstered by a strong customer base, including 60% of the Fortune 100 companies, and a growing demand for personalized video content.
Future fundraising opportunities appear promising, given the recent $180 million funding round led by NEA. Synthesia's innovative technology and market position make it an attractive candidate for further investment. However, the company faces challenges such as competition from other AI startups and regulatory hurdles. Ensuring the scalability and reliability of its AI models will be crucial as it continues to grow.
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