Total amount raised
$1.3 Million
Latest funding date
02/01/2024
Location
Saturn has successfully raised funding over three Angel rounds, with the most recent round involving 12 investors, including lead investors Sora Ventures and YZi Labs. The platform is a decentralized Bitcoin exchange that enhances peer-to-peer non-custodial orderbooks, providing a secure trading experience.
Keep reading to explore the intricacies of Saturn's fundraising journey and the investors backing this innovative platform.
What Is Saturn?
Saturn is a decentralized Bitcoin exchange that enhances peer-to-peer non-custodial orderbooks, providing a secure trading experience. The company operates in the Bitcoin, Blockchain, Cryptocurrency, and Decentralized Finance (DeFi) sectors.
While specific details such as the founding year, location, and founder names are not available, Saturn is a private company with a notable Growth Score of 86 and a CB Rank of 12360. The platform has successfully raised funding through multiple angel rounds.
How Much Funding Has Saturn Raised?
- Seed Round
- Amount Raised: USD 800,000
- Date: February 2024
- Lead Investors: Sora Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop a decentralized Bitcoin exchange, enhance technical capabilities, and expand the team.
- Pre-Seed Round
- Amount Raised: USD 500,000
- Date: November 2023
- Lead Investors: Big Brain Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To lay the groundwork for the platform and attract initial users.
Total Amount Raised: USD 1,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Sora Ventures
- Details: Sora Ventures is an Asia-based investment firm focused on blockchain technology and digital currencies. Jason Fang, Co-Founder & Managing Partner, leads the firm.
- Investment Focus Areas: Blockchain technology, digital currencies, decentralized finance (DeFi)
- Notable Investments: Not specified
- Big Brain Holdings
- Details: Big Brain Holdings is a major investor in Saturn, participating in the pre-seed funding round. Specific details about the firm are not provided.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
- CMS Holdings
- Details: CMS Holdings is a proprietary trading firm focused on the digital asset space. They participated in Saturn's seed funding round.
- Investment Focus Areas: Cryptoassets, blockchain technology
- Notable Investments: Not specified
- Silvermine Capital / Osprey Capital
- Details: Silvermine Capital / Osprey Capital participated in Saturn's seed funding round. Specific details about the firm are not provided.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
- Joe McCann
- Details: Joe McCann is an individual investor associated with Asymmetric. He participated in Saturn's seed funding round.
- Investment Focus Areas: Blockchain, crypto
- Notable Investments: Not specified
What's Next for Saturn?
Saturn's future looks promising as it continues to develop its decentralized Bitcoin exchange. With a significant user base of 300,000, the platform is poised to capitalize on the growing interest in decentralized finance (DeFi) on the Bitcoin network. The recent $800,000 seed funding will be instrumental in enhancing technical capabilities, expanding the team, and launching targeted marketing campaigns.
As the DeFi ecosystem on Bitcoin matures, Saturn has the potential to attract further investments, enabling it to integrate with other DeFi protocols and expand its market reach. However, the company will need to navigate challenges such as competition from other exchanges, regulatory hurdles, and ensuring platform security. Despite these obstacles, Saturn's innovative approach and strong investor backing position it well for future growth and success.
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