# OpenSynergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opensynergy

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.opensynergy.com
- Total disclosed funding: $6.7M
- Latest round: Series D (Aug 21, 2012)
- Investors on record: 4

## About

OpenSynergy GmbH is a technology company that specializes in advanced software solutions for embedded systems, focusing specifically on Bluetooth integration and radio tuning for automotive and consumer electronics.Founded in 2007 in Berlin, Germany, OpenSynergy GmbH develops software for embedded systems. The company has participated in 4 deals, with its most recent funding round, Series D, closing in July 2016, where General Motors Ventures led an investment of EUR 4.50 mn. OpenSynergy's current valuation stands at EUR 21.225 mn. The founder's history is not publicly detailed, but the company has maintained a consistent focus on automotive applications since inception.OpenSynergy specializes in developing advanced software solutions for embedded systems, particularly in Bluetooth technology and radio tuning. Their core offerings, including the Blue SDK, RapidLaunch SDK, and Radio Tuner SDK, enable seamless Bluetooth integration in over 350 million vehicles and 1 billion devices globally. The products cater to automotive OEMs and consumer electronics, enhancing media streaming and radio broadcasting functionalities across Europe, North America, and Asia.In 2023, OpenSynergy reported a revenue of EUR 16,364,026.50 and an EBITDA of EUR 4,523,530.70. Revenue is primarily generated through licensing its software development kits (SDKs) to automotive manufacturers and electronic device producers, with transactions structured as B2B engagements, including initial licensing fees and ongoing support contracts.OpenSynergy is looking to expand its product offerings with new versions of its SDKs, specifically tailored for upcoming automotive technologies. The company plans to enter new markets in Asia and North America by 2024. The funding from the Series D round will be utilized to scale operations and enhance product development to support these growth initiatives.

## Funding rounds

- Series D, Aug 21, 2012, $5.5M — General Motors Ventures, Hasso Plattner Ventures, VC Fonds Technologie Berlin
- Series C, Jun 7, 2010 — IBB Ventures, Hasso Plattner Ventures
- Series A, Mar 18, 2008, $1.2M — Hasso Plattner Ventures

## Investors

- Hasso Plattner Ventures (https://capitalatlas.ai/funds/hasso-plattner-ventures) — Series A, Series C, Series D
- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Series C
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series D
- VC Fonds Technologie Berlin — Series D