Sympoz Inc.

Sympoz Inc. is an innovative online platform focusing on crafting education, providing users with a diverse range of resources to enhance their creative skills across multiple disciplines. Founded in 2010 in Denver, US, Sympoz Inc. specializes in online crafting education.

The company has undergone significant growth and operational shifts, including its acquisition by NBC Universal in May 2017. Co-founded by Cameron Lovemore, John Levisay, Josh Scott, Keith Nyanhongo, Kelvin Man, and Sweta Ojha, the firm has completed a total of 7 deals, with its latest funding round being a Series D in which it raised USD 49. 81 mn, led by Stripes, bringing its total amount raised to USD 49. 81 mn and its current valuation to USD 302.

04 mn. Sympoz Inc. offers an extensive range of online crafting education and resources designed to empower creativity across various disciplines. Users can explore over 20 categories, including sewing, knitting, quilting, baking, and cooking, through a vast library of videos, articles, and project patterns.

This service is primarily available in North America, with reach extending to markets in Europe and Oceania, catering to a diverse audience ranging from hobbyists to professionals. Sympoz generates revenue through a subscription-based model, allowing users to access premium content for a fee. New members can start with an introductory offer of USD 1. 49 for unlimited access to crafting videos for one year.

The company's model focuses on direct-to-consumer subscriptions, providing customers with straightforward access to a wide array of classes and resources without hidden fees, ensuring steady revenue from engaged users. Sympoz Inc. plans to utilize its recent funding to expand its online crafting education offerings and develop new products. Although no specific new product details or release dates have been disclosed, the company aims to broaden its market presence in Europe and Oceania by 2020.

The funding from the Series D round, which was finalized in May 2017, will support these initiatives, particularly following its acquisition by NBC Universal, which is expected to enhance its market reach and operational capabilities.