# Bloq

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bloq

- Industry: Software
- Headquarters: Chicago, US
- Website: www.bloq.com
- Total disclosed funding: $4M
- Latest round: Seed (May 1, 2018)
- Investors on record: 3

## About

Bloq, Inc. is a technology company specializing in infrastructure and application solutions for the Web3 ecosystem, focusing on decentralized finance (DeFi), mining, and metaverse applications.Founded in 2015 and headquartered in Chicago, US, Bloq, Inc. provides infrastructure solutions for the blockchain ecosystem. The company was co-founded by Jeff Garzik, Jonathan Weizman, and Matthew Roszak. Bloq has conducted four investment deals, with the latest funding round being a Seed round that raised USD 4.00 mn led by Digital Finance Group and including Fenbushi Capital. This funding was completed on May 1, 2018.Bloq offers a comprehensive suite of infrastructure and application solutions tailored for the Web3 ecosystem, primarily focusing on decentralized finance (DeFi), mining, and metaverse applications. Key offerings include the Lumerin Hashpower Marketplace, which facilitates the trading of Bitcoin mining hashpower, and BloqCloud, providing robust infrastructure for staking and node operations. Additional products such as Vesper and Metronome enhance DeFi functionalities through user-friendly platforms for yield generation and synthetic asset creation, respectively. The company also engages in metaverse initiatives through Atmos Labs, which focuses on native sports experiences, and Capsule NFT, enabling easy NFT composability. These products target a diverse client base, including enterprise miners and developers within the DeFi and gaming sectors, and are marketed to clients across North America, Europe, and Asia.Bloq generates revenue through various transactional models, primarily involving service subscriptions and partnerships within the blockchain ecosystem. Their products, such as Lumerin and BloqCloud, operate on a client-centric basis where businesses may subscribe to access their platforms for hashpower trading or infrastructure solutions. Revenue streams include transaction fees associated with trades made on the Lumerin marketplace and subscription fees for BloqCloud services. The pricing structure for these offerings is specifically designed to accommodate different customer needs, catering to both enterprise clients and individual developers. By partnering with enterprises in mining and DeFi sectors, Bloq establishes a steady flow of capital through ongoing service agreements and transaction-based revenue models.Bloq plans to leverage its recent Seed funding of USD 4.00 mn to enhance its product offerings and expand its market presence. The company is focusing on developing new products within the DeFi sector and aims to increase its reach in international markets, targeting specific regions in Asia and Europe by the end of 2023. This strategic expansion is expected to facilitate the launch of innovative solutions designed to meet the evolving needs of their diverse clientele.

## Funding rounds

- Seed, May 1, 2018 — Ozmen Ventures
- Seed, Feb 29, 2016, $4M — Fenbushi Capital, Digital Finance Group

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- Digital Finance Group (https://capitalatlas.ai/funds/digital-finance-group) — Seed
- Ozmen Ventures (https://capitalatlas.ai/funds/ozmen-ventures) — Seed