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South African data automation startup Synatic has raised a USD 2.5 Mn seed extension round of funding to grow its footprint in the United States (US). The round was led by Allan Gray E-Squared Ventures and UW Ventures, with participation from Adansonia PE Opportunities VCC, and the Endeavor Harvest Fund.
Synatic has developed a low-code data automation platform that enables enterprises to iterate quickly and provides rapid time to value for businesses needing to accelerate innovation leveraging multiple complex data systems. The startup has built off a strong South African customer base, providing large-scale enterprise data integration and aggregation to the likes of Easy Equities. Synatic will use the additional funds to expand its market reach in the US.