Synthesio, a social listening and analysis platform that delivers data from more than 200 countries in 50 languages, announced on March 14 that it has secured $20 million in funding from European private equity firm, Idinvest Partners.
This Series B investment will be used for continued innovation, research and product development, as well as expansion and development of the global team which is located in offices in New York, London, Paris, and Singapore, says a company news release.
Using Synthesio’s platform, businesses can 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 $20 million investment follows a year of growth and accolades for Synthesio.
“Synthesio’s global presence and focus on international markets was a significant draw for us,” said Matthieu Baret, a partner in Idinvest Partners. “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.”
“Idinvest Partners really understands our offerings, philosophies and goals,” said Loic Moisand, co-founder and CEO of Synthesio. “We are very proud of their support and excited by what we will build together.”
Synthesio also recently announced that it has recorded 100% growth in clients and revenue in the last year and struck a strategic partnership with IBM Connections.