Funding round
Synthesia Seed
Synthesia, which works in AI video platform development in London, raised $3.1M in a Seed round announced on 25 Apr 2019, led by LDV Capital. 8 firms took part, 1 of them already investors. It is Synthesia's first venture round on record.
$3.1M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Synthesia did not disclose a valuation in this round. It is Synthesia's first venture round on record, 2 years after it was founded in 2017. It is under 1% of the $536M Synthesia has raised in the venture rounds on record. Synthesia raised again 24 months later: a Series A round of $13M in Apr 2021. Its next priced round, a Growth in Jun 2023, valued it at $1.00B.
Synthesia's funding rounds
Synthesia has 6 venture rounds on record. This one is highlighted.
- Seed this round 25 Apr 2019, led by LDV Capital $3.1M
- Series A 20 Apr 2021, led by FirstMark $13M
- Series B 8 Dec 2021, led by Kleiner Perkins $50M
- Growth 1 Jun 2023 $90M$1.00B post-money
- Series D 14 Jan 2025, led by New Enterprise Associates $180M$2.10B post-money
- Growth 1 Nov 2025, led by GV $200M$4.00B post-money
Investors
Who put money in
LDV Capital led the round with 7 other firms. Mark Cuban Companies had backed Synthesia before.
Lead investor
- backs 16 venture-backed companies new investor
Also in the round
- backs 78 venture-backed companies new investor
- backs 112 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- backs 63 venture-backed companies new investor
- backs 28 venture-backed companies existing investor
- backs 31 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
857 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.3M, and this round was 1.3 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Apr 2019 | $8.0M | not disclosed | Bullpen Capital and Cabra.vc |
| Tech Companies | 30 Apr 2019 | $6.0M | not disclosed | Mitsubishi Corporation |
| Tech Companies | 30 Apr 2019 | $5.5M | not disclosed | FINTOP and JPMorgan Chase |
| Tech Companies | 1 Apr 2019 | $5.4M | not disclosed | not named |
| Tech Companies | 17 Apr 2019 | $5.2M | not disclosed | not named |
| Tech Companies | 24 Apr 2019 | $5.2M | not disclosed | First Round and Threshold |
| Tech Companies | 30 Apr 2019 | $5.0M | not disclosed | Andreessen Horowitz |
| Tech Companies | 18 Apr 2019 | $5.0M | not disclosed | AlbionVC and IQ Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Synthesia raise in its Seed round?
Synthesia raised $3.1M in its Seed round, announced in Apr 2019.
Who led Synthesia's Seed round?
LDV Capital led it, with MMC, Seedcamp, VAS Ventures, Tiny Supercomputer Investment Company and Mark Cuban Companies and 2 more.
What was Synthesia's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
857 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.3M, and this round was 1.3 times the median.
Did Synthesia raise again after this round?
Yes: a Series A round in Apr 2021 of $13M.