Thursday February 23rd, 2012
Zyncro has closed its second round of investment amounting to 1.6 million euros. This second round of fundraising was mainly contributed by Active Venture Partners, one of the leading international venture capital firms in Spain.
Existing partners, la Caixa through Caixa Capital Fund TiC, Cabiedes & Partners, Perennius, Aniol and XMS also participated in this investment. This financing round is aimed to enhance the company’s product development and to continue its’ international expansion.
Zyncro is a Corporate Social Network for businesses, which combines corporate communications, documents and people within companies and helps to improve their productivity, sales, CRM, and team management. In addition, it reduces the amount of emails and cuts the costs involved in the information processing and document management. The company is based in Barcelona and began its’ activities in 2008 within the Inspirit Group and was spun out as an independent company in 2010. During 2011, Zyncro has accelerated its international expansion by opening offices in Mexico, Italy and Japan. Today, this corporate social network is translated into 6 languages, including Japanese and soon, German.
The founder and managing partner of Active Venture Partners, Ricard Söderberg, emphasizes that the business of “Zyncro clearly represents the new trend in social networking for companies that follows Facebook.” According to Active, “Zyncro is a reference in the Enterprise 2.0 segment, as a Corporate Social Network it improves internal collaboration and manages the information within the companies”. Active Venture Partners states that they have known the company for quite some time. Also, both the founder of Zyncro and the CEO, Dídac Lee and Luis Font respectively, are well known to the venture capital fund, which considers them to be among the best entrepreneurs in Spain.
Dídac Lee has sought to evaluate this new round of financing with the following words: “It is a great satisfaction for us to be trusted by such prestigious professionals. I am very happy with the participation of Active Venture Partners, which is, in my opinion, one of the most professional investors in our country. Furthermore, there is nothing better for an entrepreneur than to watch his project grow and be accepted by the market.”« Go Back