Toronto’s Syncapse lands $25 Million round

Toronto’s Syncapse has been making news consistently over the past couple years, so it doesn’t come of much a surprise that they announced last week that they have finalized a $25 million round of financing from ABS Capital Partners.

Syncapse develops tools to help brands and marketers build their own social communities and track in real-time what consumers want. Syncapse’s platform is a single dashboard where marketers and their stakeholders, both internal and external, can build, manage and measure a global social media presence across Facebook, Twitter, YouTube, WordPress and MovableType.

According to their press release, Syncapse will use the new funds to hire more sales, technical development and marketing staff.

Syncapse picked up the Company of the Year Award at the 2010 Canadian New Media Awards in December and a coveted Companies-to-Watch Award at the 2010 Deloitte Technology Fast 50 Awards.

Syncapse President and CEO Michael Scissons was singled out with an Emerging Entrepreneur of the Year award at the Ernst & Young Entrepreneur of the Year 2010 Awards and was included on Techvibes Digital Media People to watch for 2011 list.

Syncapse was founded in 2007 and last week’s massive round brings their total funding to $30.3 million to date.