Synthesia secures £147m Series D funding led by NEA to drive international expansion
The Series D round was led by NEA and values the business at $2.1bn.
Share allotment filed at Companies House
A London based startup that provides an AI video generation platform allowing users to create professional content from text using customizable avatars.
Synthesia has secured £147m in Series D funding led by NEA, with participation from new backers WiL, Atlassian Ventures, and PSP Growth alongside existing investors GV, MMC Ventures, and FirstMark. The latest capital injection values the business at $2.1bn and brings its total funding past $330m. The proceeds will be directed towards product development, talent acquisition, and scaling operations across North America, Europe, Japan, and Australia. Alongside the raise, the firm appointed former Amazon technical leader Peter Hill as chief technology officer.
From the founder
"This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalized, offering possibilities we could have only imagined when we founded the company in 2017. I’m excited to bring these experiences to our over 60,000 customers, which range from the world’s largest brands to thousands of small businesses that use Synthesia to communicate internally and externally with unmatched engagement and efficiency,"
Victor Riparbelli
at Synthesia
Investor perspective
"NEA has a long history of supporting transformative companies, and we’re excited to partner with Synthesia as they shape the future of AI-powered communication,"
Philip Chopin
Managing Director and Head of Europe, NEA
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
