Synthesia raises £12.5m in a Series A funding round led by FirstMark Capital to scale its artificial intelligence video platform.
FirstMark Capital led the investment round with participation from existing backers and new angel investors.
≈ £9.0M at $1 = £0.7175 on 20 Apr 2021
A London based startup that provides an AI video generation platform allowing users to create professional content from text using customizable avatars.
London based artificial intelligence video platform Synthesia has secured £12.5m in a Series A financing round led by FirstMark Capital. The company aims to utilise the fresh capital to drive enterprise user growth and accelerate product and intellectual property development.
The financing also saw participation from new angel investors alongside existing backers including LDV Capital, MMC Ventures, Seedcamp, Mark Cuban, Taavet Hinrikus, Martin Varsavsky, TinyVC, Christian Bach and Michael Buckley. Matt Turck of FirstMark Capital joins the board as part of the transaction.
From the founder
"We’ve still only scratched the surface of the video economy. In 10 years we believe most of our digital experiences will be powered by video in some way or form. But to truly realize the video-first internet we need a more scalable and accessible way to make video."
Victor Riparbelli
at Synthesia
Investor perspective
"At FirstMark, we are looking for ambitious founders building iconic companies and we have been particularly active investors in machine learning and AI, which we believe is one of most fundamental trends of our age. We are inspired by what Victor, Steffen and their team have created and cannot wait to help make the dream of fully programmable AI video a reality. I look forward to building together a company for the long term,"
Matt Turck
Managing Director, FirstMark
Use of funds
- 01Continue product development
Investors
Matt Turck
FirstMark
LDV Capital
MMC
Seedcamp
Mark Cuban
Taavet Hinrikus
Martin Varsavsky
TinyVC
Christian Bach
Michael Buckley
