Valor Equity Partners leads Synaptic's $20 million Series B in funding

Oluwajuwonlo Afolabi -

Synaptic, an alternative data insight-generating firm based in India has raised $20 million in its Series B funding round led by Valor Equity Partners.

  • The funds will be used for its product innovations, to improve data science capabilities, develop partnerships with data vendors, and enter into go-to markets in main global financial hubs.
  • Synaptic integrates technology, machine learning, and finance to give comprehensive insights to investors using alternative data.
  • The firm last raised $6 million in seed and Series A funding from Ribbit Capital, Felicis Ventures, and Vy Capital Management.