Synaptic uses tech to help VCs find their next unicorn in India & overseas
Synaptic, a SaaS platform founded in 2016, attempts to bring together disparate data sources on a single platform, package them with firms' internal data, and provide insights for venture capitalists. Venture capital (VC) is a high-risk, high-reward investment strategy. The important questions for an investor are which firms are the most promising and if they are worth investing in. With so many investment possibilities and company presentations to choose from, venture capitalists (VCs) frequently have a set of criteria that they look for and consider before making an investment choice. However, evaluation criteria are expanding beyond cold algorithms and traditional data sources such as financial records in order to make financing decisions or follow the form of an existing portfolio. Enter the phrase 'alternative data.' Alternative data, usually referred to as external data, is information gathered from non-traditional data sources. It might be as insig...