# Backpack Exchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/backpack-exchange

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.backpack.exchange/
- Total disclosed funding: $17M
- Latest round: Series A (Feb 28, 2024)
- Investors on record: 7

## About

Based in the United Arab Emirates, Trek Labs, Inc. doing business as Backpack Exchange, operates as a multi-chain wallet and cryptocurrency exchange. In February 2024, Backpack raised USD 17 million in series A funding led by Placeholder Capital, with participation from Hashed Ventures, Robot Ventures, Amber Group, Wintermute Ventures, Selini Capital and Delphi Ventures.

The company offers a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies.

The company also provides a multi-chain crypto wallet, allowing users to download and interact with non-fungible tokens and store crypto currencies.

The company plans to use the February 2024 funding to cover compliance and licencing costs and expand its business into more jurisdictions.

## Funding rounds

- Series A, Feb 28, 2024, $17M — Delphi Ventures, Placeholder, Hashed Ventures, Amber Group, Robot Ventures, Selini Capital, Wintermute Ventures

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Series A
- Placeholder (https://capitalatlas.ai/funds/placeholder) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- Amber Group — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Series A
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Series A