Yorkshire funding and investment firm, Venturian, has led the fundraise for digital learning platform, Synap.
Leeds-based Synap, is an intelligent learning company, which uses neuroscience and research to help students and professionals to learn more in less time.
It was founded by medical students Dr. James Gupta and Dr. Omair Vaiyani originally to help them revise for their exams. Since then, they’ve partnered with Oxford University Press and more than 10k medical students have used the software.
“We’ve been talking to James and Omair for a while and have been impressed with how they’ve built a growing business whilst being medical students. Since graduating, they’ve taken Synap up another level with a move into workplace learning and we’re pleased to be able to support future growth, not just with funding, but also by bringing our experience into the team,” said Greg Allsopp, investment director at Venturian.
“Artificial intelligence and machine learning methods are developing into mainstream products and we’re delighted to be working with an award-winning startup that is at the forefront of tech that helps people learn in a more efficient way. We believe Synap is a company to watch”.
As part of the deal, Venturian team members will join the company’s board as non-executive directors. The company has also appointed tech investor, Dr David Pearce from Nephos Solutions and Leeds Digital Festival founder, Stuart Clarke.
“It’s great to have the team from Venturian behind us. We’re at a growth stage at the moment and the funds invested in us will help us reach the high targets we’ve set ourselves,” said Dr James Gupta co-founder at Synap.
“It also shows that ambitious northern startups don’t need to go to London to raise investment. We have seen many of our peers head to London to raise funds, but by working with Venturian, we can spend more time on growing our business instead of spending time on trains meeting investors. This is very much a good news story for the region”.
