Synthesized raises $2.8 million from IQ Capital and Mundi Ventures

London-based data and analytics startup Synthesized has raised $2.8 million in a new round of funding co-led by Cambridge-based IQ Capital and Alma Mundi Ventures , with participation from Seedcamp, Pretiosum Ventures, and a number of finance and technology executives in the UK and US.

Established in 2017, Synthesized is a team of 12 providing the infrastructure that businesses need to maximize the value of their data while making sure that it is processed in accordance with the rules, regulations, and norms that govern data privacy.

“Synthesized substantially reduces the time to develop and comprehensively test data-driven projects and as a result empowers engineers to build better products and services for end users. With the new funding from IQ Capital and Mundi Ventures, Synthesized is well-positioned to facilitate its business operations to turbocharge development processes across many sectors, such as finance, insurance and healthcare. We will continue to double down on bringing the highest quality data infrastructure to our clients and partners.” – Nicolai Baldin, CEO and Founder of Synthesized.

The insurance industry depends on data to support informed risk selection and underwriting, create new products, handle claims management, automate processes and improve the customer experience . Synthesized reduces friction on data provisioning and preparation, and enables insurers to share data safely complying with regulations, which is going to drive more innovation in the sector. The prospects for Synthesized are bright and we see the impact of synthetic data permeating almost every industry.”- Javier Santiso, CEO and Founder of Mundi Ventures.