Synchronica Raises $10M

Synchronica announced it has just raised $10M in equity funding:

  • Total raised to date including the $10M is $18M.
  • The $10M will be used for product integration, and for growth in emerging markets, such as China, Africa, the Middle East, Eastern Europe, and Latin America.
  • Interestingly, Synchronica tied the funding to an acquisition. This appears to have been an effective technique. Without the linkage, Synchronica might well have found it hard to raise financing, or the terms might have been much less favorable.

For a detailed analysis, see our report Synchronica Gets Funding: Transaction Assessment.

... Ferris Research

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