Acala Network
Latest round
- Series A
Last raised
- Aug 2020
Total raised
- $8.4M
Investors
- 18
About Acala Network
Founded in 2019, Acala Network operates from its headquarters in Auckland, New Zealand, and focuses on providing vital DeFi services. The company was founded by Antonia Chen, Bette Chen, and Ruitao Su.Acala offers a comprehensive suite of decentralized finance (DeFi) products aimed at enhancing liquidity within the Polkadot ecosystem. Its core product, the Acala Network, serves as a unified liquidity layer for cross-chain transactions and smart contract execution. The utility token, ACA, supports services such as staking, enabling users to lock their tokens for rewards, and governance, allowing token holders to influence platform development.Acala generates revenue primarily from transaction fees on its platform, which includes micro gas fees for executing smart contracts and transactions within liquidity pools. Users, including individual clients and developers, engage in staking, governance voting, and liquidity provision, utilizing ACA to pay for transaction fees. The company is focused on expanding its market presence, particularly targeting new geographic regions and specific markets by enhancing its product offerings and reaching more users engaged in blockchain technology.
Who invested in Acala Network
18 investors across 2 rounds
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Questions about Acala Network
Who invested in Acala Network?
Acala Network has 18 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Acala Network raised?
Acala Network has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Acala Network last raise money?
Acala Network's most recent round on record is a Series A, in Aug 2020.
What does Acala Network do?
Founded in 2019, Acala Network operates from its headquarters in Auckland, New Zealand, and focuses on providing vital DeFi services.
Where is Acala Network headquartered?
Acala Network is headquartered in Auckland, New Zealand.
Which VCs invest in companies like Acala Network?
Among active investors with capital left to deploy, IAG Firemark Ventures, Blackbird, AirTree Ventures and Square Peg back financial services companies at Acala Network's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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