The raise comes just under six months after it raised $12.4 million in a seed round of funding. Alongside the Series A, Synctera is also announcing its commitment to the new Cap Table Coalition.
Alongside the Series A, Synctera is also announcing its commitment to the new Cap Table Coalition — which includes funding from Gaingels, Neythri Futures Fund, Plexo Capital and more than 20 angels — alongside other startups, by allocating 10% of all funding rounds to “traditionally marginalized,” or underrepresented, investors via an SPV. (Fellow fintech Finix led the initiative earlier this year before forming this coalition, but more on that later.) “This has exposed us to find great folks who we otherwise might not have known,” said Synctera’s co-founder and CEO Peter Hazlehurst. “That’s why we pledge to reserve 10% of this round and all future rounds to diverse investors.”