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API3 - Strategic
Overview
Funding Date
May 29, 2024
Financing amount
$4M
Valuation
--
Category
Subcategory
About API3 - Strategic
API3 announced a new strategic investment led by DWF Labs, allocating treasury assets in exchange for 4 million USDC. Other investors in this round included The Spartan Group, Laser Digital, Caladan (formerly AlphaLab).
The lockup period for the tokens is structured with a 12-month linear unlock and a 6-month cliff, meaning that 50% of the tokens will be unlocked six months after the proposal pass date with the remaining 50% will unlock linearly over the following six months.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Lab | Singapore | 2018 | 63 | -- | ||
| Fund | Singapore | 2018 | 180 | [email protected] | ||
| Fund | Unknown | -- | 29 | -- | ||
| Fund | Singapore | 2017 | 17 | -- |
Founders & Team
Heikki Vänttinen
Burak Benligiray
Company Profile / Project Introduction
API3 is an oracle solution that makes real-world data accessible to smart contracts. API3 builds solutions that bridge the gap between off-chain data and on-chain applications with maximum security and minimal latency.