Syrup.io: AI-Driven Email Marketing Company Brings In $3.3 Million Seed Funding Round

By Annie Baker • Jun 12, 2023

Syrup.io recently launched officially – which brings an innovative approach to email marketing that harnesses the power of product usage data coupled with artificial intelligence – to create hyper-personalized experiences for users. And Syrup has secured $3.3 million in seed funding led by Mike Fitzgerald and High Alpha Capital, which is a leading venture firm specializing in next-generation B2B SaaS companies.

Syrup’s Product-led Email (PLE) platform was designed to help SaaS companies build stronger relationships with their customers by providing a tailored communication experience. And by utilizing predictive AI and product usage data, Syrup enables businesses to communicate with customers as individuals, boosting retention, loyalty, and revenue.

Syrup has out-of-the-box audiences and automation that enable companies to rapidly build out campaigns to dynamically engage with their customers based on predictive insights like activity level, likelihood to convert or churn, and potential for expansion. And the platform’s ease of use, combined with robust customer intelligence, ensures that businesses can reach the right users at the right time; a long-sought-after goal in email automation.

Co-founded by brothers Brad Owen (founder of NeverBounce, which was acquired by ZoomInfo) and Michael Classen (former Executive Officer at Greenspring Associates, which was acquired by StepStone Group), Syrup’s leadership boasts a strong background in marketing, data science, and SaaS.

KEY QUOTES:

“Traditional email service providers are too complex and not designed for the modern tech stack. We’re excited to introduce Syrup as the game-changing solution for SaaS companies looking to elevate their customer relationships and drive results through smarter, more personalized communication.”

— Brad Owen, CEO and Co-Founder of Syrup

“Brad Owen and Michael Classen are the type of visionary founders we’re proud to support. Drawing on our marketing tech experience we recognize the critical role of personalization in the email space. Syrup’s disruptive approach to email marketing can transform how SaaS companies engage with their customers; we’re excited to partner with Brad and Michael on their journey.” With over $250 million raised across three funds and more than 70 startups launched and invested in, High Alpha has a proven track record in helping businesses launch and scale.

— Mike Fitzgerald, Partner at High Alpha