Bifrost Technology
Latest round
- Series A
Last raised
- Feb 2022
Total raised
- $12M
Investors
- 2
About Bifrost Technology
Bifrost Technology, Inc.Bifrost Technology, Inc. was founded in 2017 and is headquartered in Seoul, South Korea. The company focuses on enabling multichain capabilities within the blockchain ecosystem. The CEO is Dohyun Pak, while the founder, JongHyup Lee, has a background in technology ventures.Bifrost Network's core offerings center around enabling multichain capabilities through its innovative blockchain infrastructure. The primary products include wallet services such as Pockie Wallet and Biport Wallet, designed to provide users with secure storage and management of digital assets. Additionally, Bifrost offers staking solutions and a comprehensive bridge feature that facilitates interoperability between different blockchain networks. The platform aims to empower developers and DApp creators by providing a robust ecosystem that simplifies the building and deployment of decentralized applications.Bifrost Network generates revenue through multiple streams associated with its blockchain services. The transaction structure is primarily based on fees collected from users engaging with its wallet services and staking features. For instance, when users conduct transactions via the Pockie and Biport Wallets, a nominal fee of approximately KRW 10 per transaction is applied, contributing to the overall revenue. The firm also engages in partnerships with various stakeholders within the blockchain space, enhancing its market presence and revenue potential. plans to expand its platform's services globally. The investment will facilitate the development of upcoming products aimed at enhancing user experience and increasing market reach. Specific geographic regions targeted for expansion include North America and Europe, with plans to enter these markets by 2023.
Who invested in Bifrost Technology
2 investors across 2 rounds
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Questions about Bifrost Technology
Who invested in Bifrost Technology?
Bifrost Technology has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Bifrost Technology raised?
Bifrost Technology has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Bifrost Technology last raise money?
Bifrost Technology's most recent round on record is a Series A, in Feb 2022.
What does Bifrost Technology do?
Bifrost Technology is a software company.
Where is Bifrost Technology headquartered?
Bifrost Technology is headquartered in Seoul, South Korea.
Which VCs invest in companies like Bifrost Technology?
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 Bifrost Technology's stage. Their profiles are linked below.
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