Total amount raised
$18 Millions
Latest funding date
Location
Orca has successfully raised funds through a Series A round, attracting the attention of 11 investors, including Ryze Labs and Collab+Currency. The decentralized crypto exchange, built on the Solana blockchain, continues to make strides in the blockchain and cryptocurrency industries.
Keep reading to explore the intricacies of Orca's fundraising journey and the investors backing this innovative platform.
What Is Orca?
Orca, founded in 2021, is a decentralized crypto exchange based on the Solana blockchain. The company operates out of Tokyo, Japan, and was established by Grace Kwan and Yutaro Mori. With a team of 11-50 employees, Orca continues to innovate in the blockchain and cryptocurrency industries.
How Much Funding Has Orca Raised?
- Series A
- Amount Raised: $18M
- Date: September 2021
- Lead Investors: Polychain, Placeholder, Three Arrows Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to develop new features on the smart contract and UI layers, increase awareness through global expansion, social media campaigns, and NFT art projects, form partnerships with lending platforms, dashboards, aggregators, NFT projects, and more, and invest in building a robust governance system with the long-term goal of full decentralization.
Total Amount Raised: $18M. Current Valuation: Not publicly disclosed.
Key Investors
- Placeholder
- Details: Placeholder is a venture capital firm that invests in decentralized information networks. They are known for their focus on blockchain and cryptocurrency projects.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized networks.
- Notable Investments: Specific investments are not detailed in the provided sources.
- Polychain
- Details: Polychain is a leading cryptocurrency investment firm. They focus on investing in blockchain technology and digital assets.
- Investment Focus Areas: Blockchain technology, digital assets, cryptocurrency.
- Notable Investments: Specific investments are not detailed in the provided sources.
- Three Arrows Capital
- Details: Three Arrows Capital is a cryptocurrency hedge fund. They specialize in investments in the cryptocurrency and blockchain sectors.
- Investment Focus Areas: Cryptocurrency, blockchain, digital assets.
- Notable Investments: Specific investments are not detailed in the provided sources.
- Jump Capital
- Details: Jump Capital is a venture capital firm focused on data-driven technology companies. They provide financial support and strategic guidance to their portfolio companies.
- Investment Focus Areas: Data-driven technology, fintech, enterprise software.
- Notable Investments: Specific investments are not detailed in the provided sources.
- Sino Global Capital
- Details: Sino Global Capital is an investment firm specializing in blockchain and cryptocurrency. They aim to bridge the gap between the East and West in the blockchain space.
- Investment Focus Areas: Blockchain, cryptocurrency, fintech.
- Notable Investments: Specific investments are not detailed in the provided sources.
What's Next for Orca?
Orca's future is brimming with opportunities. With $18 million raised, the company plans to enhance capital efficiency, develop new features, and expand globally. These initiatives could significantly boost their market presence and user base, making Orca a formidable player in the DeFi space.
Given the current momentum, future fundraising seems likely. Additional capital could support further development and strategic partnerships, ensuring Orca stays ahead in the rapidly evolving DeFi landscape. However, challenges such as competition, regulatory hurdles, and the need for continuous innovation remain. Navigating these will be crucial for Orca's sustained growth and success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Orca and gather other critical business insights. Sign up for free and start making data-driven decisions today.
