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Portal - Seed
Overview
Funding Date
January 30, 2024
Financing amount
$34M
Valuation
--
Catagory
Subcategory
About Portal - Seed
Portal, a startup building a Bitcoin-based cross-chain decentralized exchange and wallet, has raised $34 million in a seed funding round. Investors in the round included Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io and others for building DeFiOnBitcoin. This funding will be crucial to expanding the technological infrastructure of Portal that aims to foster truly decentralized, trust-less, bridge-less, and custodian-less cross-chain swaps with simplified UI.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 308 | -- | ||
| Fund | United States of America | 2017 | 94 | contact@arringtonxrpcapital.com | ||
| Corporate | Hong Kong | 2017 | 144 | support@okex.com | ||
| Fund | United States of America | 2013 | 72 | support@mail.gate.io |
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.