Synchtank
Latest round
- Series A
Last raised
- Nov 2021
Total raised
- $5.5M
Investors
- 2
About Synchtank
Founded in 2011, Synchtank Limited operates from London, UK, and focuses on delivering specialized software for the music industry's asset management needs.5 mn.Synchtank specializes in comprehensive SaaS solutions tailored for asset and rights management within the music industry. Their core product offerings include a robust platform that allows users to efficiently organize and manage their music catalogs while offering tools for licensing and quoting tracks in a streamlined manner. The software also facilitates automated royalty registration, calculation, collection, and reporting, addressing the complexities faced by large-scale music catalog owners such as record labels, music publishers, and media companies. Notably, Synchtank’s services are utilized by a diverse clientele, including leading music libraries, broadcasters, networks, and studios, primarily situated in markets across North America, Europe, and Asia.Synchtank generates revenue through a subscription-based model, where clients pay for access to their suite of asset and rights management tools. The transactional structure involves B2B partnerships with music publishers, record labels, and other media companies that subscribe to their services to enhance their operational efficiency. Clients typically engage in annual agreements, which provide them access to features such as royalty processing and catalog monetization, thereby enabling streamlined workflows and revenue generation. While specific pricing details for individual services are proprietary, the platform is designed to accommodate a range of client needs, ensuring that customers can scale their licensing revenue effectively through Synchtank’s comprehensive solution. The company is focused on developing new products tailored to evolving industry needs and aims to penetrate additional international markets in the coming years.
Who invested in Synchtank
2 investors across 2 rounds
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Questions about Synchtank
Who invested in Synchtank?
Synchtank has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Synchtank raised?
Synchtank has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Synchtank last raise money?
Synchtank's most recent round on record is a Series A, in Nov 2021.
What does Synchtank do?
Founded in 2011, Synchtank Limited operates from London, UK, and focuses on delivering specialized software for the music industry's asset management needs.
Where is Synchtank headquartered?
Synchtank is headquartered in London, UK.
Which VCs invest in companies like Synchtank?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Synchtank's stage. Their profiles are linked below.
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