Synapse, the fast-growing Birmingham technology start-up which re-engineers spreadsheets to meet the stringent demands placed on financial reporting, will be giving investors a further opportunity to buy into the company at the same price in a new campaign to be launched soon.
Following completion of its previous funding round (target £300k – oversubscribed to £430k), Synapse is pursuing aggressive growth plans to build on revenues of over £6 million since 2014. Synapse has created, and is selling, a scalable SaaS product, and now has nearly 40 customers. As an indication of Synapse’s bullish mood, the CEO and Founder, Brian Donnelly is doubling his own investment and putting another £150k into the company.
Watch this space for news on how Synapse plans to increase existing revenues and grow its customer base with a strategy familiar to Brian Donnelly; he has previously built and scaled a worldwide software company (70 Blue Chip Customers, 160 Staﬀ, sold to IBM), headquartered in Silicon Valley. He has indicated he intends scaling Synapse in a similar, but bigger, way.
Shadow Foundr will be announcing the details of the extended campaign later in September; for now, please click here to read more about Synapse.