# Ardana

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

- Industry: Software
- Headquarters: London, UK
- Website: www.ardana.org
- Total disclosed funding: $10M
- Latest round: Seed (Aug 15, 2021)
- Investors on record: 12

## About

Based in London, UK, and founded in 2021 by Ryan Matovu, Ardana operates as a developer of an online platform that provides an on-chain asset-backed stablecoin protocol and decentralized exchange stable asset liquidity pool. In August 2021, Ardana raised USD 10 million in a Seed funding led by Ascensive Assets, CFund, Three Arrows Capital, with Energing Star Caital, LLC, Kronos Research, Mechanism Capital, MGNR Holdings LP, Morningstar Ventures, Portico Ventures, Selini Capital Limited, Skynet Trading, and Tenzor Capital. As of October 2021, the company has 25 employees employed.

The company offers a stablecoin(dUSD) and decentralized exchange (DEX) called danaswap, which allow users to take loans against Cardano ecosystem tokens such as ADA. ADA token enables holders to use assets as collateral against a cost-effective loan denominated in the dollar-pegged dUSD stablecoin. Dex is a decentralized automated market maker (AMM) exchange for stable multi-asset pools that enables users to trade tokens, earn interest from dUSD deposits, and get payments in Ardana's native DANA token for supplying liquidity.

## Funding rounds

- Seed, Aug 15, 2021, $10M — Three Arrows Capital, Ascensive Asset Management, MGNR Holdings LP, Mechanism Capital, Morningstar Ventures, Skynet Trading, Kronos Ventures, Tenzor Capital, Portico Ventures, Wave Digital Assets, Selini Capital, Emerging Star Capital

## Investors

- Three Arrows Capital — Seed
- Ascensive Asset Management (https://capitalatlas.ai/funds/ascensive-asset-management) — Seed
- MGNR Holdings LP — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- Skynet Trading (https://capitalatlas.ai/funds/skynet-trading) — Seed
- Kronos Ventures (https://capitalatlas.ai/funds/kronos-ventures) — Seed
- Tenzor Capital (https://capitalatlas.ai/funds/tenzor-capital) — Seed
- Portico Ventures (https://capitalatlas.ai/funds/portico-ventures) — Seed
- Wave Digital Assets — Seed
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Seed
- Emerging Star Capital (https://capitalatlas.ai/funds/emerging-star-capital) — Seed