Total amount raised
$1.3 Millions
Latest funding date
Location
Saturn has successfully raised $1.3 million over two funding rounds, attracting a diverse group of 16 investors. The platform is a decentralized Bitcoin exchange, enhancing peer-to-peer non-custodial orderbooks and 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 operates within the Bitcoin, blockchain, cryptocurrency, and decentralized finance (DeFi) industries. The company is a decentralized Bitcoin exchange that enhances peer-to-peer non-custodial orderbooks, providing a secure trading experience.
Although specific details such as the founding year, location, and founder names are not available, Saturn is currently active and operates as a for-profit entity. The company has successfully raised funding through seed rounds, with notable investors including CMS Holdings and Big Brain Holdings.
How Much Funding Has Saturn Raised?
- Pre-Seed Round
- Amount Raised: $500,000
- Date: November 2023
- Lead Investors: Big Brain Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Saturn's decentralized Bitcoin exchange.
- Seed Round
- Amount Raised: $800,000
- Date: February 2024
- Lead Investors: Sora Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Saturn's peer-to-peer order book, improve technical infrastructure, and expand the team.
Total amount raised: $1.3 million. 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, the Founder and Managing Partner, has expressed strong support for Saturn's mission.
- Investment Focus Areas: Blockchain technology, decentralized finance (DeFi), digital currencies
- Notable Investments: Saturn
- Big Brain Holdings
- Details: Big Brain Holdings is an investment firm that participated in Saturn's pre-seed funding round. They are known for their involvement in early-stage blockchain projects.
- Investment Focus Areas: Blockchain technology, cryptocurrency, decentralized finance (DeFi)
- Notable Investments: Saturn
- CMS Holdings
- Details: CMS Holdings is a proprietary trading firm specializing in crypto assets. They recognize Saturn's potential in the Bitcoin decentralized exchange (DEX) space.
- Investment Focus Areas: Crypto assets, blockchain technology, decentralized exchanges
- Notable Investments: Saturn
- Silvermine Capital / Osprey Capital
- Details: Silvermine Capital and Osprey Capital are investment firms that participated in Saturn's seed funding round. They are known for their strategic investments in blockchain projects.
- Investment Focus Areas: Blockchain technology, cryptocurrency, decentralized finance (DeFi)
- Notable Investments: Saturn
- Joe McCann
- Details: Joe McCann is an individual investor associated with Asymmetric. He is a notable Web3 angel investor with a focus on innovative blockchain projects.
- Investment Focus Areas: Blockchain technology, Web3, decentralized finance (DeFi)
- Notable Investments: Saturn
What's Next for Saturn?
Saturn's future is brimming with opportunities, driven by its mission to enhance Bitcoin's fungibility and reduce reliance on centralized intermediaries. With a significant user base of 300,000, the platform is poised to capitalize on the growing interest in decentralized exchanges and Bitcoin's DeFi ecosystem. The recent $800,000 seed funding will bolster its technical infrastructure and expand its team, setting the stage for further growth.
As Saturn continues to develop, it may attract additional investment rounds to support its expansion and integration with other DeFi protocols on Bitcoin. 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 strong investor backing and clear vision position it well for future success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Saturn and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
