API3 Foundation Company
Latest round
- Seed
Last raised
- Nov 2020
Total raised
- $3M
Investors
- 6
About API3 Foundation Company
API3 Foundation Company Limited specializes in decentralized oracle services, allowing seamless data integration for blockchain applications.API3 primarily offers decentralized oracle solutions designed to facilitate seamless data connectivity between blockchain applications and real-world data sources. The company’s core product, OEV Rewards, incentivizes decentralized finance (DeFi) projects by providing rewards that can be earned across various blockchain environments. This service is particularly targeted at lending protocols, which benefit from real-time data feeds and the security of decentralized oracles. API3 has established a diverse ecosystem, boasting over 200 data feeds that operate across multiple chains including Ethereum, Binance Smart Chain, and Avalanche, among others.API3 generates revenue through its innovative OEV Rewards program, which incentivizes DeFi participants to engage with its oracle services. The transaction structure is based on partnerships and collaborations with various lending protocols, allowing clients to earn rewards for utilizing API3’s data feeds. Revenue is derived from performance-based rewards, where clients earn tokens based on their usage of the oracles in their applications. This model fosters a B2B relationship, as developers and companies integrate API3’s services into their platforms to enhance functionality and user engagement. While specific upcoming products have not been disclosed, the company aims to broaden its reach into new geographical markets beyond its current focus on North America, Europe, and Asia.
Who invested in API3 Foundation Company
6 investors across 1 round
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Funding rounds
Seed
Nov 12, 2020
Amount
$3M
Investors
Questions about API3 Foundation Company
Who invested in API3 Foundation Company?
API3 Foundation Company has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has API3 Foundation Company raised?
API3 Foundation Company has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did API3 Foundation Company last raise money?
API3 Foundation Company's most recent round on record is a Seed, in Nov 2020.
What does API3 Foundation Company do?
API3 Foundation Company Limited specializes in decentralized oracle services, allowing seamless data integration for blockchain applications.
Where is API3 Foundation Company headquartered?
API3 Foundation Company is headquartered in Cayman Islands.
Which VCs invest in companies like API3 Foundation Company?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at API3 Foundation Company's stage. Their profiles are linked below.
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