# Slync

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

- Industry: Software
- Headquarters: Southlake, US
- Website: www.slync.io
- Total disclosed funding: $74M
- Latest round: Series B (Feb 4, 2021)
- Investors on record: 6

## About

Slync, Inc. is a US-based company specializing in advanced automation solutions that optimize supply chain and logistics operations, enhancing workflow efficiency and visibility for businesses across various sectors.Founded in 2017 in Southlake, Texas, Slync, Inc. focuses on providing innovative automation solutions for supply chain management. The company has successfully completed 7 deals, with their most recent funding round being Series B on January 20, 2023, led by Goldman Sachs Merchant Banking Division, raising a total of USD 60.00 mn. The founders, Christopher Kirchner and Raj Patel, have significant experience in the tech industry, contributing to the company's growth and strategic direction.Slync.io specializes in advanced automation solutions designed to optimize supply chain and logistics operations. Their core product offering integrates various processes, enabling businesses to streamline workflows, enhance visibility, and improve efficiency across their supply chains. By leveraging machine learning and data analytics, Slync.io's platform helps organizations address critical challenges such as demand forecasting, inventory management, and supplier collaboration. The primary end users include supply chain managers, logistics coordinators, and operational teams within sectors such as manufacturing, retail, and e-commerce. Slync.io primarily serves markets in North America and Europe, providing tailored solutions that cater to the unique demands of these regions.The revenue model of Slync.io is structured around a subscription-based approach, wherein clients pay for access to their software solutions through annual or multi-year contracts. These agreements typically involve onboarding services and ongoing support, ensuring clients can effectively utilize the platform to achieve their operational goals. Partnerships with key industry players further enhance their market reach and distribution capabilities. Revenue streams are generated from both direct-to-consumer sales and B2B transactions, allowing Slync.io to cater to a diverse client base with varying needs. Specific pricing plans for their flagship products are structured to align with the scale and complexity of the client's operations, providing flexibility and value as clients engage with their services.In January 2023, Slync, Inc. raised USD 60.00 mn in a Series B funding round aimed at accelerating growth within the logistics industry. The funds will be utilized to enhance product offerings and expand into new geographic regions, specifically targeting additional markets in Europe and Asia by 2024. The company is also planning to launch new automation solutions that will further streamline supply chain operations and improve client engagement.

## Funding rounds

- Series B, Feb 4, 2021, $60M — Correlation Ventures, Goldman Sachs Asset Management, ACME Capital, Gaingels, 235 Capital Partners
- Series A, Apr 8, 2020, $14M — Blumberg Capital, Correlation Ventures, 235 Capital Partners

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A, Series B
- 235 Capital Partners (https://capitalatlas.ai/funds/235-capital-partners) — Series A, Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B