# B.Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/b-protocol

- Industry: Internet
- Headquarters: Tel Aviv, Israel
- Website: www.bprotocol.org
- Total disclosed funding: $2.2M
- Latest round: Seed (Dec 22, 2021)
- Investors on record: 4

## About

B.Protocol provides innovative risk management solutions for the decentralized finance (DeFi) sector, enhancing operational efficiency and compliance for DAOs and financial entities through advanced technologies and community-driven initiatives.Founded in 2020 and headquartered in Tel Aviv, Israel, B.Protocol specializes in risk management within the DeFi ecosystem. The company has not undergone any notable pivots or structural changes. It operates independently and was founded by a team of experienced professionals in the blockchain space. In December 2021, B.Protocol raised USD 2.2 mn in Seed funding led by 1kx with participation from iRobot Ventures, Primitive Ventures, and The Spartan Group, bringing its total amount raised to USD 2.2 mn. The CEO of B.Protocol is Yaron Velner.B.Protocol offers a suite of innovative products designed to enhance risk management within the decentralized finance (DeFi) ecosystem. Its core offerings include the Pythia DeFi Risk Oracle, which provides on-chain risk ratings for various DeFi platforms and assets, allowing decentralized autonomous organizations (DAOs) to align their investment strategies with their risk tolerance. This product is beneficial for treasury managers and yield strategies requiring compliance with defined risk parameters. Another key component is the Backstop DeFi Liquidation Engine, a solution designed to mitigate risks associated with lending platforms by enabling community-driven liquidation processes without reliance on third-party flashloan operators. Additionally, RiskDAO functions as a sub-DAO offering a comprehensive risk assessment framework, facilitating the monitoring and analysis of economic risks in DeFi lending protocols and stablecoin environments. B.Protocol primarily serves institutional clients, DAOs, and individual investors globally, focusing on markets including North America, Europe, and parts of Asia.B.Protocol's revenue model is driven by transaction fees and liquidity provisioning associated with its flagship products, particularly the Backstop Liquidation Engine and the Pythia Risk Oracle. Clients utilizing these services engage in transactions subject to fee structures based on the volume of assets managed or liquidated through the platform. For instance, users depositing funds into Backstop pools for liquidation purposes are subject to a fee based on a percentage of the liquidation amount or a flat fee per transaction. Revenue may also be generated through partnerships with DeFi platforms integrating B.Protocol's risk assessment tools, enhancing operational capabilities while contributing to B.Protocol's income stream. The company's client base includes DeFi platforms, asset managers, and other financial entities operating within the crypto space, further diversifying its revenue sources.B.Protocol plans to utilize the recent funding of USD 2.2 mn raised in December 2021 to enhance its Backstop DeFi Liquidation Engine. The company is working on developing new products tailored to the evolving needs of the DeFi market, with specific launch timelines to be determined. Additionally, B.Protocol aims to expand its market presence into Asia and Europe by the end of 2023, targeting institutional and NGO clients looking for robust risk management solutions in the DeFi sector.

## Funding rounds

- Seed, Dec 22, 2021, $2.2M — The Spartan Group, iRobot Ventures, 1kx Ventures, Primitive Ventures

## Investors

- The Spartan Group — Seed
- iRobot Ventures (https://capitalatlas.ai/funds/irobot-ventures) — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- Primitive Ventures (https://capitalatlas.ai/funds/primitive-ventures) — Seed