# Syntropy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syntropy-2

- Industry: Internet
- Headquarters: Gibraltar
- Website: www.syntropynet.com
- Total disclosed funding: $9M
- Latest round: Seed (May 23, 2023)
- Investors on record: 7

## About

Based in Gibraltar, and founded in 2017, SyntropyNetwork Ltd. doing business as Syntropy provider of decentralized routing protocol for the Internet. In May 2023, the firm raised USD 4 million in venture funding co-led by Alpha Transform Holdings, Alphemy Capital, FirstBlock Capital, Denali Digital, and Saxon Ventures.

The technology company focuses on the data layer for Web3 applications and blockchains. The company’s decentralized and multi-purpose data availability layer enables seamless access, retrieval, and interaction with real-time and historical on-chain data. Syntropy’s product, Syntropy Data Layer serves as an incentive-based protocol for blockchain nodes to stream both current and historical data. Another key offering of the company is Syntropy's key, a real-time data stream for responsive dApps and blockchain services providing finalized transaction and mempool data, fostering instant data sharing between blockchains, and facilitating scalable communication and high-throughput in dApps.

The company plans to utilize its May 2023 funding to build a new web3 product.

## Funding rounds

- Seed, May 23, 2023, $4M — Alphemy Capital, FirstBlock Capital, Alpha Transform Holdings, Denali Digital, Saxon Ventures
- Seed, Jun 1, 2021, $5M — Maven11 Capital, Alpha Sigma Capital

## Investors

- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Alpha Sigma Capital — Seed
- Alphemy Capital — Seed
- FirstBlock Capital — Seed
- Alpha Transform Holdings (https://capitalatlas.ai/funds/alpha-transform-holdings) — Seed
- Denali Digital — Seed
- Saxon Ventures (https://capitalatlas.ai/funds/saxon-ventures) — Seed