# Synchtank

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

- Industry: Software
- Headquarters: London, UK
- Website: www.synchtank.com
- Total disclosed funding: $5.5M
- Latest round: Series A (Nov 18, 2021)
- Investors on record: 2

## About

Synchtank Limited is a London-based company specializing in SaaS solutions for asset and rights management in the music industry, providing tools for catalog organization, licensing, and royalty management.Founded in 2011, Synchtank Limited operates from London, UK, and focuses on delivering specialized software for the music industry's asset management needs. The company has successfully raised GBP 3.5 mn in its Series A funding round on November 18, 2021, led by Octopus Investments, bringing its total funding to GBP 3.5 mn. Joel Jordan, the founder, has a background in creating innovative solutions within the media landscape.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. The platform's end users benefit from improved efficiency and revenue generation capabilities, ensuring they can maximize the value of their copyrights and music assets.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’s focus on automation and integrative tools positions it favorably in the competitive landscape of music industry software solutions.In November 2021, Synchtank Limited raised GBP 3.5 mn in Series A funding led by Octopus Ventures, with plans to use this investment to strengthen its team, enhance existing services, and expand its user base beyond Europe and North America. The company is focused on developing new products tailored to evolving industry needs and aims to penetrate additional international markets in the coming years.

## Funding rounds

- Series A, Nov 18, 2021, $4.7M — Octopus Investments
- Seed, Aug 21, 2020, $0.8M — Juno Capital

## Investors

- Juno Capital (https://capitalatlas.ai/funds/juno-capital) — Seed
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A