When was Synthetix founded?

Synthetix was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Synthetix located?

Synthetix is headquartered in Sydney, Australia.

How many employees does Synthetix have?

As of Mar 01, 2026, the latest employee count at Synthetix is 10 - 49.

Is Synthetix a funded company?

Synthetix is a funded company, having raised a total of $240M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 29, 2017.

When was the latest funding round of Synthetix?

Synthetix's latest funding was a $***** Series C round on Apr 30, 2026, with participation from 4 investors. Its primary sector is Cryptocurrencies. In Australia, the Cryptocurrencies sector has seen $152M in funding in 2026 to date.

Where does Synthetix rank among its competitors?

Synthetix ranks 3rd amongst 234 active competitors, of which 82 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Synthetix, which secured $150M in Apr, 2026.

Who are the top competitors of Synthetix?

Synthetix's top competitors include IoTeX, Dash and Zora. Among them, Synthetix secured the most recent funding round in April, 2026.

Synthetix - 2026 Company Profile, Team, Funding & Competitors

Company Details

Operator of a platform for perpetual futures trading on Ethereum. It provides onchain custody and offchain performance for trading perpetual futures. The platform offers multicollateral margin trading with various assets. It allows users to deposit sUSD into SLP to earn market-making returns.

Website: www.synthetix.io/
Social
Email ID: *****@synthetix.io

Key Metrics

Founded Year

2017

Location

Sydney, Australia

Stage

Series C

Total Funding

$240M in 6 rounds

Latest Funding Round

Series C, Apr 30, 2026, $*****

Investors

Coinbase & 22 more

Ranked

3^rd among 234 active competitors

Employee Count

10 - 49 as on Mar 01, 2026

Investment & Acquisitions

Kwenta & 3 more

Similar Companies

IoTeX & 252 more

View Synthetix's full profile

Synthetix has raised a total funding of $240M over 6 rounds. Its first funding round was on Sep 29, 2017. Its latest funding round was a Series C round on Apr 30, 2026 for $*****. 4 investors participated in its latest round. Synthetix has 23 institutional investors.

Here is the list of recent funding rounds of Synthetix:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2026	9807075	Series C	6995047	9891332	7024043	4269505
Mar 21, 2023	9882573	Series B	5087840	8793544	8616926	7736991
Feb 14, 2021	7903495	Series B	9816269	4416079	Paradigm Ventures & 2 more	4313411

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View details of Synthetix's funding rounds and investors

The founders of Synthetix is Kain Warwick.

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

Kain Warwick: Founder of Synthetix and founder of 1 other company. They are also an angel investor in 29 startups.
Contact Info: 1 email address

View details of Synthetix's Founder profiles and Board Members

Synthetix's employee count trend

Synthetix has 10 - 49 employees as of Mar 26. Here is Synthetix's employee count trend over the years:

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Top competitors of Synthetix include IoTeX, Dash and Zora. Here is the list of Top 10 competitors of Synthetix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IoTeX 2017, Tortola (United Kingdom), Series A	Developer of blockchain infrastructure for real world artificial intelligence	$50M	SNZ, Borderless Capital & 37 others	77/100
2nd	Dash 2014, Scottsdale (United States), Series B	Digital currency for making payments	$16.2M	Blockwall Management, All Blue Capital & 6 others	69/100
3rd	Synthetix 2017, Sydney (Australia), Series C	Operator of a platform for perpetual futures trading on Ethereum	$240M	2020 Ventures, Salesforce Ventures & 21 others	66/100
4th	Zora 2020, Sacramento (United States), Seed	Online marketplace for NFTs	$62.6M	Haun Ventures, Sapienta & 9 others	65/100
5th	Gnosis 2015, Gibraltar (Gibraltar), Seed	Crypto-based financial service provider	$500K	Bixin Ventures, NGC Ventures & 12 others	64/100
6th	Metis 2018, Singapore (Singapore), Seed	Provider of layer two scaling infrastructure for decentralized blockchain networks	$4M	AC Capital, Chain Capital & 34 others	63/100
7th	Blofin 2019, George Town (Cayman Islands), Series B	Cryptocurrency futures trading platform	$50M	KuCoin, SIG & 1 others	62/100
8th	Zilliqa 2017, Singapore (Singapore), Seed	Blockchain-based platform for NFT and Defi application development	-	NGC Ventures, FBG Capital & 38 others	60/100
9th	POAP 2019, Denver (United States), Seed	Cloud-based collection of NFTs	$10M	Sapphire Ventures, Archetype & 13 others	58/100
10th	Decentraland 2017, Buenos Aires (Argentina), Series B	NFT-based platform for virtual world games	$25M	Animoca Brands, pinup-online.in & 36 others	58/100