# ACINQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acinq

- Industry: Software
- Headquarters: Paris, France
- Website: https://acinq.co
- Total disclosed funding: $9.4M
- Latest round: Series A (Aug 19, 2019)
- Investors on record: 3

## About

ACINQ SAS is a French company focused on delivering innovative blockchain solutions, particularly enhancing Bitcoin transaction efficiency through its technology and applications.Founded in 2014 in Paris, France, ACINQ SAS specializes in blockchain payment solutions. The company was initiated by Fabrice Drouin and Pierre-Marie Padiou. It has successfully raised EUR 7.000 mn in its SERIES A funding round in August 2019, led by Idinvest Partners and supported by Bpifrance and Serena. The total amount raised by the company stands at EUR 7.000 mn, with a current company valuation of EUR 36.160 mn. ACINQ has completed a total of 3 deals to date.ACINQ specializes in innovative solutions within the blockchain and payment sectors, focusing on products that enhance Bitcoin transactions. Their flagship offerings include the Lightning Network implementation, facilitating faster and cheaper Bitcoin payments. They also provide a wallet application for seamless Bitcoin transaction management through the Lightning Network, catering to individual users, merchants, and service providers throughout Europe and North America.ACINQ generates revenue through transaction fees, partnerships, and subscription models related to their software solutions. They charge a fee for each transaction processed via their Lightning Network, encouraging user adoption for speed and cost-effectiveness. Additionally, partnerships with businesses looking to integrate their solutions contribute to a recurring revenue stream. Their wallet application and related services target both B2B and direct consumer engagement, enhancing their revenue base.ACINQ plans to utilize its recent SERIES A funding of EUR 7.000 mn, raised in August 2019, to support the development of new products aimed at improving Bitcoin transaction services. The company is also exploring expansion into new markets, particularly Asia and South America, by 2023, to capture a wider customer base. Recent funding will aid in advancing their product offerings and market penetration strategies.

## Funding rounds

- Series A, Aug 19, 2019, $7.8M — Idinvest Partners, Serena, Bpifrance
- Seed, Jun 29, 2018, $1.6M — Serena

## Investors

- Serena (https://capitalatlas.ai/funds/serena) — Seed, Series A
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series A
- Bpifrance — Series A