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Venture Capital
syncom.com

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Investments

32

Portfolio Exits

6

Funds

4

About Syncom Venture Partners

Founded in 1977 and headquartered in Silver Spring, Maryland, (Syndicated Communications) Syncom Venture Partners aims to manage approximately $400 million of private equity capital on behalf of some of the nation'. They focus digital media, mobile technology, and web based services. Syncom is the leading venture capital firm primarily focused on early to mid-stage investments in underserved segments of the Media and Communications Industry. Syncom Venture Partners pioneered this investment strategy and has been involved in the creation of many of the most successful and visible African-American and Hispanic-owned media and communications companies including BET, Radio One, Z Spanish Radio, TV One, and Iridium Satellite.

Syncom Venture Partners Headquarter Location

8515 Georgia Avenue

Silver Spring, Maryland, 20910-3403,

United States

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Latest Syncom Venture Partners News

CircleBack Closes $12M Funding Round, Expedites Mission to Organize World’s Contacts

Jul 15, 2015

VIENNA, VA--(Marketwired - Jul 15, 2015) -  CircleBack, Inc. has announced today that it's closed a $12M funding round led by TDF Ventures, with participation from existing investors Grotech Ventures, Syncom Venture Partners, and CNF Investments. As part of the investment, TDF's Jim Pastoriza will be joining CircleBack, Inc.'s Board of Directors. "As we got closer to understanding CircleBack's capabilities and business, it became abundantly clear that they have solved the contact management problem for consumers and businesses in a very unique way," said Jim Pastoriza, Managing Partner at TDF Ventures. "We're excited to partner with CircleBack and continue to build this truly game-changing business. " With the closing of the funding round and new addition to their board, CircleBack will retain its original focus: ensuring the most accurate contact management possible for professionals and businesses. "We're very much on track to solving the problem I started with so long ago: ensuring that professionals and businesses always have accurate, up-to-date, and organized contacts," said Manoj Ramnani, CircleBack Founder and CEO. "But we're also incredibly excited for the future as we build an extraordinary company. In the coming months, we'll be launching products that will leave lasting marks on a number of industries. " The news of the investment comes on the heels of CircleBack having recently reached a milestone, now managing 1+ billion contacts for its users. These contacts, when mapped by CircleBack's artificial intelligence engine, are organized into over 130 million uniquely corrected business contacts and fuel both CircleBack's accuracy and its superior merge technology. This unique solution provides unmatched contact updating to millions of users. About CircleBack, Inc. Designed to help individuals and organizations keep their contact data organized and up-to-date, CircleBack brings accuracy to contact data everywhere. Whether someone moves jobs, changes phone number, or just switches buildings, you'll know. More than 2.5 million users rely on CircleBack to manage billions of contact fields a day so they can trust that their address books are organized and up-to-date across every device. For more information, visit http://www.circleback.com Contact Information

Syncom Venture Partners Investments

32 Investments

Syncom Venture Partners has made 32 investments. Their latest investment was in Weather Decision Technologies as part of their Series B on December 12, 2015.

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Syncom Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/22/2015

Series B

Weather Decision Technologies

$3.5M

No

1

7/15/2015

Series C

CircleBack

$12M

Yes

1

8/25/2014

Series B - II

AppTap

$2M

No

2

11/30/2013

Debt - II

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$99M

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10

6/4/2012

Series B

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$99M

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0

Date

12/22/2015

7/15/2015

8/25/2014

11/30/2013

6/4/2012

Round

Series B

Series C

Series B - II

Debt - II

Series B

Company

Weather Decision Technologies

CircleBack

AppTap

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Amount

$3.5M

$12M

$2M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

1

1

2

10

0

Syncom Venture Partners Portfolio Exits

6 Portfolio Exits

Syncom Venture Partners has 6 portfolio exits. Their latest portfolio exit was Weather Decision Technologies on October 08, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/8/2018

Acquired

1

2/9/2013

Acquired

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10

5/11/2010

Asset Sale

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10

10/3/2009

Corporate Majority

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10

9/17/2009

Acquired

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$99M

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10

Date

10/8/2018

2/9/2013

5/11/2010

10/3/2009

9/17/2009

Exit

Acquired

Acquired

Asset Sale

Corporate Majority

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

10

10

Syncom Venture Partners Acquisitions

1 Acquisition

Syncom Venture Partners acquired 1 company. Their latest acquisition was Iridium Communications on April 19, 2001.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/19/2001

$99M

Acq - Fin

1

Date

4/19/2001

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Syncom Venture Partners Fund History

4 Fund Histories

Syncom Venture Partners has 4 funds, including Syndicated Communications Venture Partners V LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/25/2007

Syndicated Communications Venture Partners V LP

Industry Focused

Closed

$275M

1

3/1/2001

Syndicated Communications Venture Partners IV LP

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$99M

10

7/1/1996

Syndicated Communications Venture Partners III LP

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$99M

10

7/1/1990

Syncom Venture Partners II LP

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$99M

10

Closing Date

10/25/2007

3/1/2001

7/1/1996

7/1/1990

Fund

Syndicated Communications Venture Partners V LP

Syndicated Communications Venture Partners IV LP

Syndicated Communications Venture Partners III LP

Syncom Venture Partners II LP

Fund Type

Industry Focused

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Status

Closed

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Amount

$275M

$99M

$99M

$99M

Sources

1

10

10

10

Syncom Venture Partners Team

5 Team Members

Syncom Venture Partners has 5 team members, including current Managing Partner, Terry L. Jones.

Name

Work History

Title

Status

Terry L. Jones

Managing Partner

Current

Tony Thomas

General Partner

Current

H. Michael Tesfamichael

Chief Financial Officer

Former

Milford Thomas

General Partner

Former

Herbert P. Wilkins,Jr

General Partner

Former

Name

Terry L. Jones

Tony Thomas

H. Michael Tesfamichael

Milford Thomas

Herbert P. Wilkins,Jr

Work History

Title

Managing Partner

General Partner

Chief Financial Officer

General Partner

General Partner

Status

Current

Current

Former

Former

Former

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