# Synthetix

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

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.synthetix.io
- Total disclosed funding: $150M
- Latest round: Series C (Apr 30, 2026)
- Investors on record: 4

## About

Based in Sydney, Australia, Synthetix operates as a decentralized derivatives liquidity protocol that enables on-chain trading of perpetual futures and synthetic assets on Ethereum. The platform provides institutional-grade trading infrastructure while maintaining self-custody and Ethereum mainnet security for users.Based in New South Wales, Australia and founded in 2017, Synthetix (fka Havven), founded by Kain Warwick, provides decentralized derivatives, synthetic asset, and perpetual futures trading infrastructure for the decentralized finance (DeFi) industry. The company rebranded from Havven to Synthetix in late 2018 as it expanded from a stablecoin-focused protocol into a broader synthetic asset and derivatives platform.In April 2026, Synthetix raised USD 150 million in venture funding led by Goldman Sachs & Bain Capital with participation from Accenture Ventures and Salesforce Ventures. Other unspecified investors also participated in this round.Synthetix offers perpetual futures trading, synthetic asset infrastructure, decentralized liquidity provision, and staking solutions built on Ethereum. Its protocol enables traders and developers to access deep liquidity, multicollateral margining, and on-chain derivatives markets.The protocol generates revenue primarily through trading fees from perpetual futures transactions and other protocol-based activities across its derivatives ecosystem. Additional revenue is derived from platform usage and liquidity-related services within the Synthetix network.

## Funding rounds

- Series C, Apr 30, 2026, $150M — Goldman Sachs Asset Management, Bain Capital, Accenture Technology Ventures, Salesforce Ventures

## Investors

- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C