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OpenTrade - Undisclosed
Overview
Funding Date
May 4, 2023
Financing amount
$1.5M
Valuation
--
Subcategory
About OpenTrade - Undisclosed
OpenTrade, provider of on-chain structured financial products for Web3 treasuries and businesses, has raised just over $1.5 million in a funding round led by crypto-native venture capital firm Sino Global Capital. Other backers in the funding round included Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures. The capital will help OpenTrade scale its operations ahead of the launch in the second half of this year.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Bahamas | 2015 | 39 | info@sinoglobalcapital.com | ||
| Corporate | United States of America | 2013 | 78 | info@circle.com | ||
| Fund | Taiwan (Province of China) | 2018 | 25 | -- | ||
| Fund | Singapore | 2021 | 22 | hello@kyber.ventures | ||
| Corporate | United States of America | 2017 | 124 | -- | ||
| Fund | United Kingdom | 2014 | 37 | jb@outlierventures.io |
Founders & Team
Dave Sutter
Tom Niermann
Company Profile / Project Introduction
OpenTrade provides Web3 treasurers and institutional investors access to on-chain structured financial products backed by investment grade financial assets, providing predictable returns that are uncorrelated to crypto. OpenTrade embeds USDC payments and financing directly in B2B networks and systems to connect DeFi liquidity to global supply chains - providing buyers and suppliers with a much faster, cheaper, and more efficient form of payments and working capital finance than exists today with legacy solutions.