Funding round
Synthesia Series A
Synthesia, which works in AI video platform development in London, raised $13M in a Series A round announced on 20 Apr 2021, led by FirstMark. 6 firms took part, 4 of them already investors. It is Synthesia's second venture round on record; the one before was a Seed in Apr 2019.
$13M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Synthesia did not disclose a valuation in this round. It came 24 months after Synthesia's Seed. It is 2.3% of the $536M Synthesia has raised in the venture rounds on record. Synthesia raised again 8 months later: a Series B round of $50M in Dec 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 25 Apr 2019, led by LDV Capital $3.1M
- Series A this round 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
FirstMark led the round with 5 other firms. LDV Capital, MMC, Seedcamp and Tiny Supercomputer Investment Company had backed Synthesia before.
Lead investor
- FirstMark backs 128 venture-backed companies new investor
Also in the round
- backs 16 venture-backed companies existing investor
- backs 78 venture-backed companies existing investor
- backs 112 venture-backed companies existing investor
- backs 63 venture-backed companies existing investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,699 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Apr 2021 | $64M | not disclosed | Israel Growth Partners |
| Tech Companies | 5 Apr 2021 | $51M | not disclosed | Sompo Holdings, Inc. |
| Tech Companies | 26 Apr 2021 | $50M | not disclosed | Transformation Capital |
| Tech Companies | 14 Apr 2021 | $26M | $93M | nference |
| Cart.com Tech Companies | 15 Apr 2021 | $25M | not disclosed | Mercury Fund and Arsenal Growth |
| Tech Companies | 20 Apr 2021 | $25M | not disclosed | Northpond Ventures |
| Tech Companies | 22 Apr 2021 | $21M | not disclosed | Spark Capital |
| Tech Companies | 1 Apr 2021 | $21M | not disclosed | Addition |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Synthesia raise in its Series A round?
Synthesia raised $13M in its Series A round, announced in Apr 2021.
Who led Synthesia's Series A round?
FirstMark led it, with LDV Capital, MMC, Seedcamp, Tiny Supercomputer Investment Company and Mark Cuban Companies.
What was Synthesia's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,699 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was close to the median.
Did Synthesia raise again after this round?
Yes: a Series B round in Dec 2021 of $50M.