Leeds-based educational technology startup Synap has completed a major funding round led by Venturian Funding & Investment Group. Synap is an award-winning Learning Management System (LMS) that lets organisations deliver personalised, effective and engaging training at scale.
The company was set up by two University of Leeds undergraduates whilst they were completing their medical training, to help students learn more effectively in less time. Since graduating in 2017, Dr. James Gupta and Dr. Omair Vaiyani, have implemented Synap across a number of companies, including Daimler, The University of Law, and The Medical Defence Union.
After raising initial funds in March 2018, Synap has now raised a further £500,000 from existing investors, including Yorkshire funding and investment firm Venturian, as well Leeds-based tech investors Dr. David Pearce and Stuart Clarke.
CEO of Synap James Gupta, said: “We’re really excited to complete this funding round with our existing investors, which shows the faith they have in the team and the future we’re building at Synap. We’ll be using the funding to expand our team, and to invest in further developing the product to help people learn more in less time.
We’re very proud to be a tech company based in Leeds and to be working with local investors. We’re really looking forward to the future which will see us bringing more attractive jobs into the region and expanding into new sectors”.
Greg Allsopp, Investment Director at Venturian commented: “Having made our first investment in Synap eighteen months ago, we’ve been really impressed by how James, Omair, and the Synap team have improved their service offering and brought on board significant clients with long-term contracts. When the time came to further invest, it was an easy decision to continue to support the growth of Synap”.
Leeds City Council CEO, Tom Riordan, said: “Leeds has long been a city of entrepreneurs and it’s great to see tech based companies such as Synap continue to grow. The support network of advisers and funders is stronger than it’s ever been and we’re confident of more success stories like James and Omair’s, which will continue to create valuable jobs in Leeds and the surrounding region”.
