# SYNQA Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synqa-pte

- Industry: Financial Services
- Headquarters: Bangkok, Thailand
- Website: www.synqa.co
- Total disclosed funding: $222M
- Latest round: Series C (May 10, 2022)
- Investors on record: 19

## About

SYNQA Pte. Ltd. is a technology company specializing in domain name sales and leasing, providing a user-friendly platform for individuals and businesses to acquire digital assets efficiently.Founded in 2013 and headquartered in Bangkok, Thailand, SYNQA Pte. Ltd. focuses on domain name transactions. In May 2022, the company raised USD 120 mn in Series C funding led by JIC Venture Growth Investments, Mars Growth Capital, and Mitsubishi UFJ Capital. The company has completed a total of 6 deals to date.SYNQA Pte. Ltd. specializes in providing domain name sales and leasing services, primarily offering a seamless platform for individuals and businesses to acquire domain names. Their core product is the domain name synqa.co, available for immediate purchase at USD 1,520 or through a Lease to Own option, priced at USD 129 per month. This service targets a diverse clientele, including entrepreneurs, businesses seeking to establish an online presence, and investors looking for valuable digital assets.The revenue model for SYNQA Pte. Ltd. is primarily driven by direct sales and leasing of domain names, specifically through two structured pricing options: a one-time purchase fee and a monthly leasing plan. For instance, when a customer opts to purchase the domain outright, they pay a total of USD 1,520, while those choosing the Lease to Own option will engage in monthly payments of USD 129.In May 2022, SYNQA Pte. Ltd. raised USD 120 mn in Series C funding, which will be utilized to boost its business and expand into new markets. The company is focusing on launching new products designed to enhance its domain acquisition offerings, with plans for geographic expansion targeting specific regions not yet disclosed.

## Funding rounds

- Series C, May 10, 2022, $120M — Mitsubishi UFJ Capital, Mars Growth Capital, JIC Venture Growth Investments
- Series C, Jun 22, 2020, $82M — Nomura Holdings, Sumitomo Mitsui Banking Corporation, SMBC Venture Capital, Global Brain, SPARX Group, SMDV, Toyota Financial Services, SCB10X, Aioi Nissay Dowa Insurance Company
- Series B, Nov 2, 2017, $18M — SMBC Venture Capital, SBI Investment, Golden Gate Ventures, SMDV, Ascend Group Co., Ltd., Krungsri Finnovate
- Series A, Jan 13, 2016, $2.6M — 500 Global, East Ventures, SMDV, True Corporation Plc, Ascend Group Co., Ltd.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series A
- SMDV (https://capitalatlas.ai/funds/smdv) — Series A, Series B, Series C
- True Corporation Plc — Series A
- Ascend Group Co., Ltd. — Series A, Series B
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B, Series C
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Series B
- Krungsri Finnovate (https://capitalatlas.ai/funds/krungsri-finnovate) — Series B
- Nomura Holdings — Series C
- Sumitomo Mitsui Banking Corporation — Series C
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series C
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series C
- Toyota Financial Services — Series C
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Series C
- Aioi Nissay Dowa Insurance Company — Series C
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series C
- Mars Growth Capital (https://capitalatlas.ai/funds/mars-growth-capital) — Series C
- JIC Venture Growth Investments (https://capitalatlas.ai/funds/jic-venture-growth-investments) — Series C