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Portal - Undisclosed
Overview
Funding Date
September 22, 2021
Financing amount
$8.5M
Valuation
--
Category
Subcategory
About Portal - Undisclosed
Portal, a decentralized finance (DeFi) project that's looking to build out a DeFi ecosystem on the Bitcoin blockchain, announced that it has raised $8.5 million. Coinbase Ventures participated in the round. Apart from Coinbase Ventures, the list of Portal's funding participants also included ArringtonXRP Capital, OKX, Republic.co, Shima Ventures, LD Capital, Monday Capital, Genblock, Taureon, Autonomy Capital, Krypital, and B21 Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 311 | -- | ||
| Fund | United States of America | 2017 | 95 | [email protected] | ||
| Corporate | Hong Kong | 2017 | 146 | [email protected] | ||
| Corporate | United States of America | 2016 | 52 | -- | ||
| Fund | United States of America | -- | 181 | -- | ||
| Fund | China | 2017 | 166 | [email protected] | ||
| Fund | United States of America | 2016 | 10 | -- | ||
| Fund | United States of America | 2018 | 102 | [email protected] | ||
| Fund | United States of America | 2018 | 26 | [email protected] | ||
| Fund | -- | -- | 1 | -- |
Founders & Team
Chandra Duggirala
George Burke
Manoj Duggirala
Company Profile / Project Introduction
Portal is a Bitcoin-based cross-chain atomic swaps protocol. Its two main products are a decentralized exchange and a wallet. Portal DEX enables Layer 2 atomic swaps of cryptocurrencies across blockchains. Portal wallet, a "fully non-custodial" tool, integrates the DEX and allows users to send, receive, and store cryptocurrencies across blockchains.