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Redstone - Seed
Overview
Funding Date
August 29, 2022
Financing amount
$7M
Valuation
--
Catagory
About Redstone - Seed
DeFi oracle platform RedStone has raised nearly $7 million to develop a faster, cost-efficient cross-chain oracle for decentralized finance protocols. According to a Monday press release, Lemniscap led the seed funding round with support from Coinbase Ventures, Blockchain Capital, Distributed Global, Lattice, Arweave, Bering Waters, Maven11 and SevenX Ventures. RedStone, which currently delivers data feeds to more than 30 blockchains, including Ethereum, Avalanche and Polygon, will use the funds to expedite the rollout of its latest product suite with the aim of improving connectivity between blockchains and real-world data.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Hong Kong | 2017 | 84 | info@lemniscap.vc | ||
| Fund | United States of America | 2018 | 284 | -- | ||
| Fund | United States of America | 2013 | 67 | contact@blockchaincapital.com | ||
| Fund | United States of America | 2017 | 45 | info@distributedglobal.com | ||
| Fund | United States of America | 2021 | 42 | -- | ||
| Corporate | United Kingdom | 2017 | 22 | team@arweave.org | ||
| Fund | Hong Kong | 2018 | 3 | ir@beringwaters.com | ||
| Fund | Netherlands | 2015 | 56 | joost@maven11.com | ||
| Fund | China | 2020 | 92 | info@7xvc.com |
Founders & Team
Jakub Wojciechowski
Company Profile / Project Introduction
Redstone Oracle aims to offer quick and inexpensive connectivity by leveraging a proprietary method for putting data on blockchains, called the EVM connector. This method is intended to quickly and economically aggregate data from external sources like the foreign exchange market and price feeds for long-tail tokens, non-fungible tokens (NFT) and commodities as the data automatically attaches itself to a transaction and erases itself. Currently, RedStone Oracle passes data packages into transaction call data by accessing over 1,000 data feeds, which are updated every 10 seconds.