Synaptic Raises $20 Million from Valor Equity Partners

Leading Alternative Data Insights startup Synaptic said it has raised $20 million in a Series B funding round led by Valor Equity Partners. Synaptic combines machine learning and finance to provide decision-makers with advanced alternative data insights.

With this funding, Synaptic will continue to invest in product innovation, double its data science capabilities, partner with data providers, and expand its go-to-market team at major global financial centers.

Synaptic is used by leading venture capital firms, private equity firms, hedge funds, and wealth managers around the world with total assets of hundreds of billions of dollars. Synaptic provides a data and insight platform for investors looking to leverage a diverse set of alternative datasets for procurement and tracking, market research, and portfolio monitoring of interested companies.

Synaptic was founded as a data and analytics team at Vy Capital, a $6 billion AuM global technology investment company. Synaptic was born out of the Vy team's frustration with existing tools and processes and spun off as an independent company in 2016. The company previously raised $6 million in seed and Series A funding from Ribbit Capital, Felicis Ventures, and Vy Capital Management.