Total amount raised
$17 Millions
Latest funding date
05/01/2021
Location
Zapper has successfully raised funds through multiple rounds, with notable investors such as ParaFi Capital and Sound Ventures backing the fintech platform. The platform offers a comprehensive interface for managing decentralized finance (DeFi) assets, catering to both newcomers and advanced investors.
Keep reading to explore the intricacies of Zapper's fundraising journey and the investors supporting this innovative platform.
What Is Zapper?
Zapper, founded in May 2020, is a fintech platform based in Montréal, Quebec, Canada. The company operates in the blockchain, financial services, and fintech industries.
Founded by Nodar Janashia, Seb Audet, and Suhail Gangji, Zapper employs between 11 to 50 people. The platform simplifies the management of decentralized finance (DeFi) assets, catering to both newcomers and advanced investors.
How Much Funding Has Zapper Raised?
- Seed Round
- Amount Raised: $2M
- Date: August 2020
- Lead Investors: Framework Ventures, Libertus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the platform.
- Series A
- Amount Raised: $15M
- Date: May 2021
- Lead Investors: Framework Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch an on-platform app store for developers and develop a mobile app.
Total Amount Raised: $17M. Current Valuation: Not publicly disclosed.
Key Investors
- Framework Ventures
- Details: Framework Ventures is a venture capital firm that focuses on investing in decentralized finance (DeFi) and blockchain technology. They have been instrumental in supporting various blockchain projects and startups.
- Investment Focus Areas: DeFi, blockchain technology.
- Notable Investments: Chainlink, Synthetix.
- Libertus Capital
- Details: Libertus Capital is a venture capital firm that invests in blockchain and cryptocurrency projects. They aim to support the development of decentralized technologies.
- Investment Focus Areas: Blockchain, cryptocurrency.
- Notable Investments: Polkadot, Filecoin.
- Sound Ventures
- Details: Sound Ventures is a venture capital firm co-founded by actor Ashton Kutcher. The firm invests in technology startups and has a diverse portfolio.
- Investment Focus Areas: Technology startups.
- Notable Investments: Airbnb, Uber.
- Mark Cuban
- Details: Mark Cuban is an entrepreneur and investor known for his investments in technology and cryptocurrency. He is also a prominent figure on the TV show "Shark Tank."
- Investment Focus Areas: Technology, cryptocurrency.
- Notable Investments: Aave, Polygon.
- Coinbase Ventures
- Details: Coinbase Ventures is the investment arm of Coinbase, focusing on early-stage cryptocurrency and blockchain startups. They aim to support the growth of the crypto ecosystem.
- Investment Focus Areas: Cryptocurrency, blockchain startups.
- Notable Investments: Compound, Uniswap.
What's Next for Zapper?
Zapper is poised to capitalize on the burgeoning DeFi ecosystem, with plans to develop an on-platform app store and a mobile app. These initiatives aim to enhance user experience and attract more developers, potentially increasing their user base and transaction volumes.
Future fundraising opportunities seem promising, given the successful Series A round and the involvement of high-profile investors. As Zapper continues to grow, additional funding rounds could support further development and expansion.
However, challenges such as integrating multiple DeFi protocols and competing with other platforms remain. Ensuring security and developing a sustainable revenue model for the app store will be crucial for Zapper's long-term success.
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