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Yala - Seed
Overview
Funding Date
October 10, 2024
Financing amount
$8M
Valuation
--
Category
Subcategory
About Yala - Seed
Yala has raised $8 million in a seed funding round co-led by Polychain Capital and Ethereal Ventures. Other investors in the round included Galaxy Vision Hill, Anagram, ABCDE, Amber Group, Hashkey Capital, Satoshi Lab, UTXO Management and others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 163 | [email protected] | ||
| Fund | United States of America | -- | 39 | -- | ||
| Fund | United States of America | 2017 | 2 | -- | ||
| Fund | Unknown | 2022 | 36 | [email protected] | ||
| Fund | Singapore | 2022 | 36 | -- | ||
| Fund | Hong Kong | 2017 | 74 | [email protected] | ||
| Fund | Hong Kong | 2018 | 178 | [email protected] | ||
| Lab | Hong Kong | -- | 5 | -- | ||
| Fund | United States of America | 2019 | 30 | [email protected] |
Founders & Team
Kaitai Chang
Company Profile / Project Introduction
The Yala protocol is an innovative DeFi platform that bridges Bitcoin liquidity across multiple ecosystems. At its core is $YU, a Bitcoin-collateralized stablecoin soft-pegged to the US dollar. Yala aims to unlock Bitcoin's full potential by transforming it from a digital currency into a versatile asset powering DeFi and other advanced applications within the Bitcoin ecosystem.