Syncapse Raises $25M

Syncapse Corp., a Toronto, Canada-based provider of cloud-based software and strategic services to help enterprises build, manage and measure their social media presence, has agreed with ABS Capital Partners to receive a $25m investment
A $20m portion of the investment has already closed.
Syncapse intends to use the funds to invest in sales, marketing, and product development for the Syncapse Platform™, which combines social media publishing, customized workflow, content management and analytics. In October 2010, the company added David Nelson-Gal as CPO to lead its team developing new products around the Platform.
Led by founder and CEO Michael Scissons, the company also offers professional services and agency relationships that complement the platform, helping organizations effectively manage and scale their social media marketing efforts across disparate social media channels like Facebook, Twitter, Orkut, YouTube, WordPress and MovableType.
In conjunction with the funding, ABS Capital General Partners Ralph Terkowitz and Deric Emry will join Syncapse’s board of directors.
The company operates offices in New York, Portland and London, UK.
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