# Angle Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/angle-lab

- Industry: Financial Services
- Headquarters: US
- Website: http://www.angle.money
- Total disclosed funding: $5M
- Latest round: Seed (Sep 28, 2021)
- Investors on record: 6

## About

Angle Lab innovates in the cryptocurrency space by developing USDA and EURA, stablecoins that are fully collateralized and over-collateralized, ensuring secure and liquid digital transactions for users.Angle Lab is engaged in creating digital assets, specifically USDA and EURA stablecoins. Founded by Pablo Veyrat, the company raised USD 5.00 mn in Seed funding on September 28, 2021, led by Andreessen Horowitz, with various other investors participating. The company is based in the US.Angle Protocol specializes in issuing USDA, a U.S. Dollar-backed stablecoin, and EURA, a Euro-backed stablecoin, both designed to offer users reliable digital transaction options. These stablecoins are fully collateralized, ensuring security, and allow for seamless swaps with no fees or slippage. They are integrated into decentralized finance (DeFi) platforms, enhancing utility and yield for users globally, particularly in Europe and North America.Angle Protocol generates revenue through transaction fees for swapping USDA and EURA on their platform and decentralized exchanges. Users can borrow stablecoins against various collateral options, promoting a steady transaction flow between B2B and direct-to-consumer interactions, which enhances liquidity and yield opportunities.Following the USD 5.00 mn raised in Seed funding in September 2021, Angle Lab plans to launch new products and expand its reach in the DeFi space. The funding will be utilized to bring their protocol to market, grow the Angle Core Team, and promote the adoption of agTokens globally. The company is targeting further integration of stablecoins into new markets, with a focus on expanding its presence in North America and Europe.

## Funding rounds

- Seed, Sep 28, 2021, $5M — Alven, Andreessen Horowitz, Global Founders Capital, Fabric Ventures, Wintermute Trading Ltd, Divergence Ventures

## Investors

- Alven (https://capitalatlas.ai/funds/alven) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Fabric Ventures (https://capitalatlas.ai/funds/fabric-ventures) — Seed
- Wintermute Trading Ltd — Seed
- Divergence Ventures (https://capitalatlas.ai/funds/divergence-ventures) — Seed