# 1inch Foundation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/1inch-foundation

- Industry: Financial Services
- Headquarters: Stuttgart, Germany
- Website: https://1inch.io/
- Total disclosed funding: $190M
- Latest round: Series B (Dec 1, 2021)
- Investors on record: 24

## About

Based in Stuttgart, Germany, and founded in 2019, 1inch Foundation is a decentralized exchange and liquidity aggregator company. Sergej Kunz, CEO, and Anton Bukov, CTO are the founders of the company. In August 2020, 1inch Limited raised USD 2.8 million in seed funding led by new investor Binance Labs, with participation from other new investors Divergence Ventures, Dragonfly Capital Partners, FTX Trading LTD., Galaxy Digital, Greenfield One, IOSG PTE. LTD., LAUNCHub, and Libertus Capital.

The company provides a DEX aggregator and DeFi (decentralized finance) ecosystem that works with several chains. The protocol has a custom aggregation engine that may search several DEXs (decentralized exchanges) for the best prices and rates. The 1inch DEX Aggregation Protocol is the primary service provided by the company followed by 1inch liquidity protocol and 1inch limit order protocol. The company provides a token called ‘1inch’ which is available in several major cryptocurrency exchanges and 1inch wallet is a multi-chain platform with a user-friendly UI and safe transaction capabilities.

Following the company’s rebranding to 1inch Network in April 2021, it has plans to expand its scope by creating multiple teams, protocols, and chains.

## Funding rounds

- Series B, Dec 1, 2021, $175M — Celsius Capital, VanEck, Nexo, Fenbushi Capital, Tribe Capital, Amber Group, Jane Street Capital, Alameda Research Ventures, Gemini
- Series A, Dec 2, 2020, $12M — Spark Capital, LAUNCHub, Pantera Capital, Blockchain Capital, Nima Capital, Gumi Cryptos Capital, ParaFi Capital
- Seed, Aug 11, 2020, $2.8M — LAUNCHub, Galaxy Asset Management, Libertus Capital, YZi Labs, Dragonfly Digital Management, FTX Trading Ltd., Greenfield Capital, Divergence Ventures, IOSG Ventures
- Seed, Jun 6, 2020 — IOSG Ventures

## Investors

- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- LAUNCHub (https://capitalatlas.ai/funds/launchub) — Seed, Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- Libertus Capital (https://capitalatlas.ai/funds/libertus-capital) — Seed
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- FTX Trading Ltd. — Seed
- Greenfield Capital (https://capitalatlas.ai/funds/greenfield-capital) — Seed
- Divergence Ventures (https://capitalatlas.ai/funds/divergence-ventures) — Seed
- Spark Capital — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Nima Capital — Series A
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A
- Celsius Capital — Series B
- VanEck (https://capitalatlas.ai/funds/vaneck) — Series B
- Nexo (https://capitalatlas.ai/funds/nexo) — Series B
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series B
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series B
- Amber Group — Series B
- Jane Street Capital — Series B
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Series B
- Gemini (https://capitalatlas.ai/funds/gemini) — Series B