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Social media monitoring company Synthesio secures $20m from Idinvest

17 Mar 2014

ecommerceEuropean venture capital firm Idinvest Partners has provided $20m in Series B capital to social media monitoring company Synthesio.

The company said it will use the investment to fund continued innovation, research and product development, as well as expansion and development of the global team located in offices in New York, London, Paris, and Singapore.

Synthesio’s technology enables businesses to monitor and analyze conversations about their brand on social media platforms, blogs, forums, consumer review sites and mainstream media sites across 200 countries and 50 languages.

The Future Fifty programme named Synthesio among the 50 most promising tech companies operating in the UK.

Idinvest partner Matthieu Baret said, “Synthesio’s global presence and focus on international markets was a significant draw for us.

Like Criteo and Talend, who are also leaders in their fields, Synthesio is a company that we are thrilled to be working with and a part of what they do next.

In January it was reported that Idinvest was approaching a €200m final close for its latest secondaries fund.

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