SYNETIQ
Online vehicle auction platform maximizing returns for sellers and offering diverse vehicle options for buyers.
| Date | Investors | Amount | Round |
|---|---|---|---|
£225m Valuation: £225m 1.5x EV/Revenue 17.0x EV/EBITDA | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 13 % | 3 % |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | 5 % | 9 % | 9 % |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | 3 % | 6 % | 6 % |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
SYNETIQ operates as an online vehicle auction platform, facilitating the buying and selling of vehicles. The company serves a diverse clientele, including individual sellers and buyers, as well as businesses looking to liquidate or acquire vehicle assets. Operating primarily in the automotive market, SYNETIQ provides a digital marketplace where vehicles of various makes and models are listed for auction. The business model revolves around earning commissions from successful transactions, providing a cost-effective solution for sellers to reach a wide audience. By offering a streamlined auction process, SYNETIQ enhances the efficiency of vehicle sales, ensuring competitive pricing and maximizing returns for sellers. The platform's user-friendly interface and comprehensive vehicle listings attract a broad spectrum of buyers, from private individuals to commercial entities.
Keywords: vehicle auction, online platform, automotive market, sellers, buyers, digital marketplace, transactions, commissions, vehicle listings, competitive pricing.