# Syrup Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syrup-tech

- Industry: Software
- Headquarters: New York, US
- Website: www.syrup.tech
- Total disclosed funding: $25M
- Latest round: Series A (Nov 1, 2023)
- Investors on record: 7

## About

Founded in 2020 by Christopher Camenares, Ferdinand Stockmann, and James Theuerkauf (CEO), and based in New York, US, Syrup Tech Inc. operates as a software platform developer that uses machine learning to provide inventory solutions to brands and retailers. In July 2022, Syrup Tech Inc. raised USD 6.3 million in seed funding led by new investor Gradient Ventures, with participation from other new investors Rackhouse Ventures, Flybridge Capital Partners, Firstminute Capital, 2.12 Angels. Some of the firm’s supporters include Reformation, Adidas, Amazon, Harrods, Reebok, etc.

The company provides predictive software that uses machine learning models to assist businesses in forecasting stock by analyzing businesses and recommending optimal inventory levels to prevent over and under stocking of goods. The software allows for configurations to cater to the specific needs of businesses and integrates with existing CRM to provide data based on historical data as well as real-time scans.

The company intends to use the July 2022 funding to grow its team by hiring 14 new employees as well as focusing on product development.

## Funding rounds

- Series A, Nov 1, 2023, $18M — Accel, Gradient Ventures, 1984 Ventures
- Seed, Jun 1, 2022, $7.3M — Flybridge Capital Partners, Firstminute Capital, Gradient Ventures, 1984 Ventures, Blue Moon, Rackhouse Venture Capital

## Investors

- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed, Series A
- 1984 Ventures (https://capitalatlas.ai/funds/1984-ventures) — Seed, Series A
- Blue Moon (https://capitalatlas.ai/funds/blue-moon) — Seed
- Rackhouse Venture Capital (https://capitalatlas.ai/funds/rackhouse-venture-capital) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A