# Syndica

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

- Industry: Software
- Headquarters: Houston, US
- Website: www.syndica.io
- Total disclosed funding: $8M
- Latest round: Seed (Nov 3, 2021)
- Investors on record: 12

## About

Syndica Inc. specializes in enhancing decentralized application (DApp) development on the Solana blockchain through innovative solutions such as scalable node infrastructure and real-time data APIs.Syndica Inc. is focused on revolutionizing the blockchain landscape by providing essential tools for decentralized applications. Founded by Ahmad Abbasi and Danial A, the company is headquartered in Houston, US. On November 3, 2021, Syndica raised USD 8.00 mn in a Seed funding round, co-led by Jump Capital, Kindred Ventures, and Social Capital, among other investors.Syndica offers a comprehensive suite of products designed to enhance the development and scalability of decentralized applications (DApps) on the Solana blockchain. Their core offerings include Solana Remote Procedure Calls (RPC) for scalable node infrastructure and the ChainStream API for real-time streaming of Solana transactions, slots, and block updates directly from validators. Additionally, they provide a Solana Validator-as-a-Service, allowing clients to utilize decentralized node networks seamlessly. Their solutions address critical developer challenges such as transaction speed and reliability, fostering a robust ecosystem for blockchain applications. Notable clients include Star Atlas and Audius, indicating a focus on high-demand markets in North America and Europe.Syndica operates on a subscription-based revenue model, where clients pay for access to their services including Solana RPC APIs and the ChainStream API. Transactions are structured around tiered pricing plans to accommodate varying usage levels, catering to individual developers and larger enterprises alike. The ChainStream API is a key driver of customer engagement and retention. By offering customized solutions and transparent pricing, Syndica meets the diverse needs of its clients, enhancing the overall user experience.Syndica plans to utilize the recent USD 8.00 mn in Seed funding to expand its operations and business reach. The company aims to enhance its product offerings, including developing new tools for DApp creators. Additionally, Syndica is looking to penetrate new geographic markets, particularly in Europe and Asia, by the end of 2023. This strategic expansion will leverage the funding to increase its market presence and support its growth initiatives.

## Funding rounds

- Seed, Nov 3, 2021, $8M — The Spartan Group, Social Capital, Resolute Ventures, Jump Capital, Kindred Ventures, CoinShares Ventures, Alameda Research Ventures, DeFiance Capital, Solana Capital, MGNR Holdings LP, 0xVentures, Untamed Ventures

## Investors

- The Spartan Group — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Seed
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed
- CoinShares Ventures (https://capitalatlas.ai/funds/coinshares-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- DeFiance Capital — Seed
- Solana Capital — Seed
- MGNR Holdings LP — Seed
- 0xVentures (https://capitalatlas.ai/funds/0xventures) — Seed
- Untamed Ventures (https://capitalatlas.ai/funds/untamed-ventures) — Seed