# Aurora Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aurora-labs-s-a

- Industry: Financial Services
- Headquarters: Panama City, Panama
- Website: https://idex.io
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 6, 2020)
- Investors on record: 4

## About

Aurora Labs S.A. operates the Proof-of-Liquidity Perpetuals Decentralized Exchange (DEX), which facilitates trading for individual and institutional investors, emphasizing liquidity and market access in the cryptocurrency sector.Founded in 2016, Aurora Labs S.A. is based in Panama City, Panama. The company operates a decentralized exchange aimed at enhancing trading experiences. The founders, Alex Wearn and Phil Wearn, have established a strong presence in the cryptocurrency trading market. Aurora Labs S.A. successfully raised USD 2.5 mn in Seed funding on August 6, 2020, with investments from G1 Venture Capital, Borderless Capital, Collider, and Gnosis, totaling USD 2.5 mn raised to date.Aurora Labs S.A. offers the Proof-of-Liquidity Perpetuals Decentralized Exchange (DEX), which enables seamless trading of perpetual contracts. The platform focuses on liquidity, enhancing market access particularly for cryptocurrency trading. It aims to serve a diverse user base from individual traders to larger financial institutions, primarily in North America, Europe, and emerging crypto markets.Aurora Labs S.A. generates revenue through transaction fees on trades executed via its DEX. Users pay fees based on transaction volume, with a tiered structure incentivizing higher trading activity. This model supports operational costs while facilitating a robust trading environment for both retail and institutional clients.Following their recent Seed funding of USD 2.5 mn in August 2020, Aurora Labs S.A. plans to expand its product offerings and geographic reach. Specific new features for the DEX are in development, aiming for release in the near future. The company is targeting growth in emerging markets as well as established regions, focusing on regions with growing crypto ecosystems. Recent funding will drive these initiatives, enhancing platform capabilities and supporting market expansion.

## Funding rounds

- Seed, Aug 6, 2020, $2.5M — Collider, Borderless Capital, Gnosis, G1 Venture Capital

## Investors

- Collider — Seed
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Seed
- Gnosis (https://capitalatlas.ai/funds/gnosis) — Seed
- G1 Venture Capital (https://capitalatlas.ai/funds/g1-venture-capital) — Seed