Total amount raised
$18 Million
Latest funding date
09/01/2021
Location
Orca has successfully raised funds through a Series A round, attracting investments from notable firms such as Placeholder, Polychain, and Three Arrows Capital. The decentralized crypto exchange, built on the Solana blockchain, has garnered support from a total of 12 investors, including Ryze Labs and Collab+Currency.
Keep reading to explore the intricacies of Orca's fundraising journey and the investors backing this innovative platform.
What Is Orca?
Orca is a decentralized crypto exchange based on the Solana blockchain. The company is located in Tokyo, Japan, and operates as a private entity. It has a workforce of 11 to 50 employees.
Orca is involved in several industries, including blockchain, cryptocurrency, information technology, and online portals. The company has successfully raised funds through a Series A round, showcasing its growth and potential in the decentralized finance space.
How Much Funding Has Orca Raised?
- Amount Raised: USD 18,000,000
- Date: September 2021
- Lead Investors: Placeholder, Polychain, Three Arrows Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Orca's mission to become the go-to swap for the Solana ecosystem, enhance capital efficiency, develop new features, expand globally, and form partnerships.
Total Amount Raised: USD 18,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Placeholder
- Details: Placeholder is a venture capital firm that focuses on decentralized information networks. They are known for their investments in blockchain and cryptocurrency projects.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized information networks.
- Notable Investments: Arweave, 0x, Blockstack.
- Polychain
- Details: Polychain is a venture capital firm that invests in blockchain technology and digital assets. They have a significant presence in the cryptocurrency investment space.
- Investment Focus Areas: Blockchain technology, digital assets, cryptocurrency.
- Notable Investments: Dfinity, Filecoin, MakerDAO.
- Three Arrows Capital
- Details: Three Arrows Capital is a hedge fund founded by Su Zhu and Kyle Davies. They specialize in providing superior risk-adjusted returns through investments in various asset classes.
- Investment Focus Areas: Cryptocurrency, blockchain, various asset classes.
- Notable Investments: Deribit, Aave, BlockFi.
- Ryze Labs
- Details: Ryze Labs is a recent investor in Orca. Specific details about their investment focus areas and notable investments are not provided.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Collab+Currency
- Details: Collab+Currency is a venture capital firm that invests in blockchain and cryptocurrency projects. They have a diverse portfolio in the digital asset space.
- Investment Focus Areas: Blockchain, cryptocurrency, digital assets.
- Notable Investments: Audius, Rarible, SuperRare.
What's Next for Orca?
Orca's future looks promising with significant opportunities on the horizon. The company is focusing on developing next-generation Automated Market Makers (AMMs) and expanding globally through social media campaigns and NFT art projects. With $18 million raised and a strong user base, Orca is well-positioned to capitalize on the growing demand for user-friendly and capital-efficient DeFi solutions.
As Orca continues to grow, future fundraising opportunities may arise to support further development and expansion. The company aims to build partnerships with lending platforms, dashboards, aggregators, and NFT projects, which could attract additional investments. However, challenges such as competition from other AMMs and DEXs, maintaining security, and achieving full decentralization may pose hurdles along the way.
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