Funding round
Synthesia Series B
Synthesia, which works in AI video platform development in London, raised $50M in a Series B round announced on 8 Dec 2021, led by Kleiner Perkins. 6 firms took part, 4 of them already investors. It is Synthesia's third venture round on record; the one before was a Series A in Apr 2021.
$50M
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 8 months after Synthesia's Series A. It is 9.3% of the $536M Synthesia has raised in the venture rounds on record. Synthesia raised again 18 months later: a Growth round of $90M in Jun 2023, at $1.00B post-money.
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 20 Apr 2021, led by FirstMark $13M
- Series B this round 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
Kleiner Perkins led the round with 5 other firms. FirstMark, LDV Capital, Seedcamp and MMC had backed Synthesia before.
Lead investor
- Kleiner Perkins backs 285 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 and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Dec 2021 | $220M | $1.25B | General Atlantic and SoftBank |
| Tech Companies | 20 Dec 2021 | $150M | $1.50B | Altimeter and Coatue |
| CData Tech Companies | 16 Dec 2021 | $140M | not disclosed | Updata Partners |
| Tech Companies | 2 Dec 2021 | $120M | $1.40B | Coatue |
| Tech Companies | 2 Dec 2021 | $95M | not disclosed | D1 Capital Partners |
| Tech Companies | 1 Dec 2021 | $92M | not disclosed | Horizons Ventures |
| Tech Companies | 7 Dec 2021 | $75M | $1.20B | Valor |
| Tech Companies | 28 Dec 2021 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Synthesia raise in its Series B round?
Synthesia raised $50M in its Series B round, announced in Dec 2021.
Who led Synthesia's Series B round?
Kleiner Perkins led it, with GV, FirstMark, LDV Capital, Seedcamp and MMC.
What was Synthesia's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.6 times the median.
Did Synthesia raise again after this round?
Yes: a Growth round in Jun 2023 of $90M at $1.00B post-money.