Synapse Founder and CEO Brian Donnelly has indicated that his company’s acquisition of Clearview is in its final stages of due diligence, suggesting that once the deal goes through, Synapse will close off its current funding round.
The deal will effectively double Synapse’s revenue and triple its customer base, meaning an upward valuation of the company is very likely once the acquisition is finalised. Synapse’s current pre-money valuation is £3.5m.
Mr Donnelly said that once the deal went through, the company would be keen to close off the current funding round and put all its attention into driving revenue and growing shareholder value.
There is just £80k remaining in the current round and the Founder said that he was extremely confident this would be taken up over the coming weeks.
We are expecting more news on the acquisition very soon.
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