Total amount raised
$4.2 Million
Latest funding date
1/1/2024
Location
Catalyst has raised funding over two rounds, with the latest being a Seed round, and is backed by 15 investors, including IDG Blockchain and Everstake Capital. The platform has also invested in Espresso Systems, specifically in a Series B round.
Keep reading to explore the intricacies of Catalyst's fundraising journey and the investors backing this innovative platform.
What Is Catalyst?
Catalyst is an open-source liquidity protocol for modular blockchains, developed by Cata Labs. The company operates within the blockchain, cryptocurrency, and open-source industries.
Based in Wilmington, Delaware, Catalyst has a small team of 1-10 employees. The company has been acquired by LI.FI and has raised funding over two rounds, with the latest being a Seed round.
How Much Funding Has Catalyst Raised?
- Seed Round
- Amount Raised: USD 4,200,000
- Date: April 2023
- Lead Investors: The Spartan Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop Catalyst, a cross-chain liquidity layer aimed at enhancing economic activity between blockchains.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the ongoing development and growth of Catalyst as an open-source liquidity protocol for modular blockchains.
Total Amount Raised: USD 4,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Spartan Group
- Details: Spartan Group is a leading investment firm specializing in blockchain and cryptocurrency projects. They led the seed funding round for Catalyst.
- Investment Focus Areas: Blockchain, Cryptocurrency, Decentralized Finance (DeFi)
- Notable Investments: Not specified
- Robot Ventures
- Details: Robot Ventures is an early-stage investment firm focusing on blockchain and DeFi projects. They participated in the seed funding round for Catalyst.
- Investment Focus Areas: Early-stage blockchain, DeFi projects
- Notable Investments: Not specified
- Maven11
- Details: Maven11 is an investment firm that focuses on blockchain, DeFi, and modular blockchain design. They were one of the earliest backers of modular blockchain design and participated in the seed funding round for Catalyst.
- Investment Focus Areas: Blockchain, DeFi, Modular blockchain design
- Notable Investments: Not specified
- Alchemy Ventures
- Details: Alchemy Ventures is an investment firm that focuses on blockchain infrastructure and applications. They participated in the seed funding round for Catalyst.
- Investment Focus Areas: Blockchain infrastructure, Blockchain applications
- Notable Investments: Not specified
- HashKey Capital
- Details: HashKey Capital is an investment firm specializing in blockchain technology and digital assets. They participated in the seed funding round for Catalyst.
- Investment Focus Areas: Blockchain technology, Digital assets
- Notable Investments: Not specified
What's Next for Catalyst?
As Catalyst continues to develop its cross-chain liquidity layer, the opportunity to connect modular blockchains to major liquidity hubs like Ethereum and Cosmos is immense. This could significantly enhance economic activity between blockchains, addressing liquidity fragmentation issues and facilitating seamless cross-chain transactions.
Given the growing demand for cross-chain liquidity solutions, Catalyst is well-positioned for future fundraising opportunities. As it expands its services to more blockchain ecosystems, additional funding rounds are likely to support its growth and development. However, the company will need to navigate challenges such as ensuring the security of cross-chain transactions and competing with other liquidity solutions.
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