Acala Network
company
About
Acala Network is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications.
- 11 - 50
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- $7.30M
- Industries
- Finance,Financial Services,FinTech
- Founded date
- Oct 1, 2019
- Number Of Employee
- 11 - 50
- Operating Status
- Active
Acala Network is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications. It offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets such as Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity to power more financial innovations.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$8.65M
Acala Network has raised a total of
$8.65M
in funding over 2 rounds. Their latest funding was raised on
Aug 27, 2020 from a Series A round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 27, 2020 | Series A | $7.30M | 7 |
Pantera Capital
|
— | Detail |
| Mar 27, 2020 | Seed | $1.35M | 3 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
1
8
Acala Network is funded by 8 investors.
Pantera Capital
and CoinFund
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Pantera Capital
|
Yes | Series A |
CoinFund
|
— | Series A |
SNZ Holding
|
— | Series A |
KR1
|
— | Series A |
ParaFi Capital
|
— | Series A |
Arrington XRP Capital
|
— | Series A |
1confirmation
|
— | Series A |
|
|
— | Seed |
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