# Alluvial Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alluvial-finance

- Industry: Software
- Headquarters: Chicago, US
- Website: www.alluvial.finance
- Total disclosed funding: $18M
- Latest round: Series A (Jul 11, 2023)
- Investors on record: 13

## About

Established in 2022 and based in Illinois, US, Alluvial Finance Inc. operates as an online platform that provides enterprise financial integration solutions using stake blockchain. Mara Schmiedt (CEO), Nicolas Maurice (CTO), and Matt Leisinger (CPO) are the co-founders of the company. In July 2023, Alluvial Finance Inc. raised USD 12 million in series A funding from Ethereal Ventures and Variant, including Avon Ventures, Blockdaemon Ventures, Brevan Howard Digital, Fenbushi Capital, IOSG Ventures, Nascent, Robot Ventures, Coinbase Ventures, and Kraken Ventures.

The company offers enterprise APIs and development services to promote the development of the liquid staking standard. The firm's API provides a simple integration point for organizations and businesses to utilize liquid staking via the Liquid Collective protocol. Businesses can use its APIs to add support for liquid staking, allowing them to make network reward revenue without developing an in-house solution.

Alluvial's API offers a variety of services, including onboarding, reporting, and accounting that helps businesses to gain access to the tools required for liquid staking. In addition, the business offers expert support, supporting companies in integrating the APIs and Liquid Collective protocol into their IT stack. To simplify the complexity of exchange integration, Alluvial also employs the ERC20 token or cToken format, with the Liquid Collective's LsETH based on the cToken standard.

The organization plans to use the July 2023 funding to expand its market reach.

## Funding rounds

- Series A, Jul 11, 2023, $12M — Brevan Howard, Fenbushi Capital, Coinbase Ventures, Robot Ventures, Avon Ventures, Variant, Kraken Ventures, Ethereal Ventures, IOSG Ventures, Nascent, Blockdaemon Ventures
- Seed, Dec 31, 2022, $6.2M — Coinbase Ventures, Kraken Ventures, Figment Capital, Kiln SAS

## Investors

- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed, Series A
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Seed, Series A
- Figment Capital (https://capitalatlas.ai/funds/figment-capital) — Seed
- Kiln SAS — Seed
- Brevan Howard — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- Avon Ventures (https://capitalatlas.ai/funds/avon-ventures) — Series A
- Variant (https://capitalatlas.ai/funds/variant) — Series A
- Ethereal Ventures (https://capitalatlas.ai/funds/ethereal-ventures) — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Series A
- Blockdaemon Ventures — Series A