Based
Latest round
- Series A
Last raised
- Feb 2026
Total raised
- $12M
Investors
- 4
About Based
Founded in 2022 in Singapore, Based specializes in blockchain technology and offers a decentralized exchange (DEX) for trading various assets. The company has not undergone significant pivots and operates independently without noted subsidiaries. The founder's prior entrepreneurial history is not available.Based offers a comprehensive suite of trading and payment solutions designed to empower users with increased flexibility and control over their financial transactions. The core of its service is a decentralized exchange (DEX) that facilitates perpetual and spot trading of various assets, leveraging the USDe-margined perpetuals built on Hyperliquid's HIP-3 standard. This platform allows users to trade assets 24/7, addressing the demand for greater capital efficiency and enabling access to a wide range of financial instruments, including those not yet listed in traditional markets through premarket perpetuals. The company's self-custodial wallet ensures users maintain ownership of their crypto assets without third-party interference, appealing to both retail and institutional clients across global markets, including North America, Europe, and Asia-Pacific.The revenue model of Based is primarily structured around transaction fees generated from trades executed on its decentralized exchange, as well as potential revenue streams from premium features and advanced trading tools. Clients engage with the platform through direct trading activities, where they utilize the DEX to facilitate their asset transactions, thereby generating fees that contribute to the company's overall revenue. Additionally, the self-custodial wallet and associated services may also incorporate performance-based fees or subscription models for enhanced functionalities. Given the breadth of the company’s offerings, revenue streams are diversified across different user segments, ensuring a stable financial foundation.
Who invested in Based
4 investors across 1 round
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Funding rounds
Series A
Feb 24, 2026
Amount
$12M
Investors
Questions about Based
Who invested in Based?
Based has 4 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 Based raised?
Based has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Based last raise money?
Based's most recent round on record is a Series A, in Feb 2026.
What does Based do?
Founded in 2022 in Singapore, Based specializes in blockchain technology and offers a decentralized exchange (DEX) for trading various assets.
Where is Based headquartered?
Based is headquartered in Singapore, Singapore.
Which VCs invest in companies like Based?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Based's stage. Their profiles are linked below.
VCs backing software startups at Series A
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