When was Syft founded?

Syft was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Syft located?

Syft is headquartered in London, United Kingdom. It is registered at 101 New Cavendish Street, Fitzrovia, London, England, W1W 6XH.

Which legal entities is Syft associated with?

Syft is associated with SYFT ONLINE LIMITED and 1 other.

How many employees does Syft have?

As of Dec 31, 2021, the latest employee count at Syft is 245.

Is Syft a funded company?

Syft is a funded company, having raised a total of $11.8M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 14, 2015.

How much is Syft worth?

The last known valuation of Syft was $***** as of Nov 24, 2015.

When was the latest funding round of Syft?

Syft's latest funding was a $***** Series A round on Sep 07, 2017, with participation from 5 investors. Its primary sector is HRTech. In United Kingdom, the HRTech sector has seen $257M in funding in 2026 to date.

Where does Syft rank among its competitors?

Syft ranks 3rd amongst 206 active competitors, of which 23 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was JobGet, which secured $12M in Jun, 2022.

Who are the top competitors of Syft?

Syft's top competitors include JOB TODAY, JobGet and Hosco. Among them, JobGet secured the most recent funding round in June, 2022.

Syft - 2026 Company Profile, Team, Funding, Competitors & Financials

Syft is an acquired company based in London (United Kingdom), founded in 2015 by Novo Abakare. It operates as a Sourcing platform for hospitality industry. Syft has raised $11.8M in funding from Creandum and Colle Capital, with last known valuation of $*****. The company has 206 active competitors, including 23 funded and 5 that have exited. Its top competitors include companies like JOB TODAY, JobGet and Hosco.

Company Details

Syft is a mobile-based candidate sourcing platform for the hospitality and events industry. Candidates can look for shifts, apply to them and are paid through the app weekly for completed work. Employers can post open positions on the platform, browse candidates and make offers as well as rate candidates using the app. Syft charges 15% service charge on wages paid via the app. Clients include Hilton, Morgans Hotel Group, Gordon Ramsay and others.

Website: www.syftapp.com
Social
Email ID: *****@syftapp.com
Registered Address: 101 New Cavendish Street, Fitzrovia, London, England, W1W 6XH

Key Metrics

Founded Year

2015

Location

London, United Kingdom

Stage

Acquired

Total Funding

$11.8M in 4 rounds

Latest Funding Round

Series A, Sep 07, 2017, $*****

Last Known Valuation

$***** as on Nov 24, 2015

Investors

Creandum & 51 more

Ranked

3^rd among 206 active competitors

Employee Count

245 as on Dec 31, 2021

Investment & Acquisitions

PBL Chefs

Similar Companies

JOB TODAY & 331 more

Exit Details

Acquired by Indeed India (May 30, 2019)

View Syft's full profile

Syft is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SYFT ONLINE LIMITED CIN: 09372516 , United Kingdom, Active	Jan 04, 2015	-	245 (As on Dec 31, 2021)
SYFT ONLINE LIMITED CIN: 9372516 , United Kingdom, Active	Jan 04, 2015	-	-

Syft got acquired by Indeed India on May 30, 2019.

Click here to take a look at Syft's acquisition in detail

Syft has raised a total funding of $11.8M over 4 rounds. Its first funding round was on Apr 14, 2015. Its latest funding round was a Series A round on Sep 07, 2017 for $*****. 5 investors participated in its latest round. Syft has 5 institutional investors and 47 angel investors.

Here is the list of recent funding rounds of Syft:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 07, 2017	6177077	Series A	5201009	9012883	8843744	5014819
Aug 03, 2016	4212880	Seed	2046144	1016035	5937627	PROfounders Capital Partners
Oct 05, 2015	3051222	Angel	1782944	3246039	7838695	Rhys Ferguson & 11 more

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View details of Syft's funding rounds and investors

The founders of Syft is Novo Abakare.

Here are the details of Syft's key team members:

Novo Abakare: Co-Founder of Syft and founder of 1 other company. They serve on the board of 1 company.

Syft's Board of Directors

Syft's board has 4 active members. Novo Abakare, Rogan Angelini-Hurll and Jack Beaman are part of team and Johan Erik Larsson Brenner is independent board member.

Here is the list of Syft's board of directors:

Name	Type	Representing	Status	Duration
Novo Abakare	Team	-	Current	11y 7m
Jack Beaman	Team	-	Current	11y 7m
Rogan Angelini-Hurll	Investor	PROfounders Capital Partners	Current	9y 11m
Johan Erik Larsson Brenner	Independent board member	-	Current	8y 9m

View details of Syft's Founder profiles and Board Members

Syft's employee count trend

Syft has 245 employees as of Dec 21. The total employee count is 41.0% more than what it was in Dec 20. Here is Syft's employee count trend over the years:

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Top competitors of Syft include JOB TODAY, JobGet and Hosco. Here is the list of Top 10 competitors of Syft, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	JOB TODAY 2015, Luxembourg (Luxembourg), Series B	Mobile job board focussed on the retail & hospitality industry	$81.6M	14W, RTL & 9 others	71/100
2nd	JobGet 1999, Boston (United States), Series B	Online job board platform for hospitality and retail jobs	$42.6M	Sanabil, Pillar VC & 7 others	69/100
3rd	Syft 2015, London (United Kingdom), Acquired	Sourcing platform for hospitality industry	$11.8M	Creandum, Colle Capital & 50 others	54/100
4th	Hosco 2011, Barcelona (Spain), Series A	Online job board for hospitality jobs	$20.2M	Nauta Capital, Athos Capital & 7 others	54/100
5th	Hotelcareer 1996, Dusseldorf (Germany), Unfunded	Online job portal for the hospitality industry	-	-	53/100
6th	Poached Jobs 2011, Portland (United States), Series A	Online job board and hiring platform for restaurant and bars	$3.05M	Rezon8 Capital, Oregon Venture Fund & 5 others	53/100
7th	Landed 2019, San Francisco (United States), Seed	Online job board platform for retail & hospitality	$8.55M	Javelin Venture Partners, Y Combinator & 10 others	53/100
8th	JobsRetail 2011, Guildford (United Kingdom), Unfunded	Job board for retail jobs	-	-	46/100
9th	PopBookings 2014, Kansas City (United States), Seed	Cloud based event staffing and scheduling software for commercial spaces	$1.45M	select.com.au, Missouri Technology & 4 others	46/100
10th	Supp App 2017, Melbourne (Australia), Unfunded	Mobile application-based job board platform for hospitality jobs	-	-	45/100

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Founders (largest shareholder) own 41.70%, Funds own 11.10%, Angels own 36.80% and Other People own 9.20%. The net worth of Syft's founders is INR 3.8M as of Nov 24, 2015.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	41.70%	3.8M	9028941	7675349	1832578	9384890
Novo Abakare	6381881	6318420	4106245	6365840	4091874	4711897
Fund	11.10%	1.01M	6796014	3089411	5050617	2772736
PROfounders Capital Partners	8591623	3940749	1598036	2925389	8712257	5265510
Angel	36.80%	3.37M	6740544	9723164	6098336	4148108
Michael Zeitlin	5349	2920	7160	4633	3894	5896
John Glendenning	2288	3244	2658	6076	8634	5915
Rhys Ferguson	0	0	0	0	0	0
Dario Manicardi	0	0	0	0	0	0
Other People	9.20%	795K	7004588	5735708	5748301	3816042
Total	98.80%	89.8L	6283684	4037134	8215542	1699542