# Bound

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.bound.co
- Total disclosed funding: $31M
- Latest round: Series A (Feb 5, 2026)
- Investors on record: 6

## About

Bound Rates, Inc. specializes in currency hedging solutions, providing businesses with an intuitive platform for managing foreign exchange risks and stabilizing cash flows associated with international operations. Founded in 2020 and headquartered in London, UK, Bound Rates, Inc. is dedicated to helping businesses navigate foreign exchange risks through its innovative platform. The company has undergone no notable pivots or changes in its strategy since its inception. Seth Phillips serves as the CEO and co-founder alongside Dan K.  In February 2026, Bound Rates, Inc. raised GBP 18 million in series A funding led by Albion Capital, with participation from Notion Capital and GoHub Ventures. Bound offers a comprehensive suite of currency hedging solutions aimed at assisting businesses in managing foreign exchange risks. The core offering is an intuitive platform that automates currency hedging processes, enabling finance teams to stabilize cash flows and protect against currency fluctuations. The platform streamlines transaction execution, eliminating the need for brokers or extensive market knowledge. Bound primarily targets high-growth companies across various sectors, including technology, design, and financial services, serving over 200 firms requiring effective foreign currency management in regions like Europe, North America, and parts of Asia. In the most recent fiscal year of 2023, Bound reported a revenue of USD 1,071,129. The company recorded an EBITDA of USD -3,319,384 for the same year. The company will use the February 2026 funding to secure regulatory authorization in the European Union as part of its European expansion plan.

## Funding rounds

- Series A, Feb 5, 2026, $25M — Albion Capital, Notion Capital, GoHub Ventures
- Seed, Nov 9, 2021, $6.5M — Valar, Album VC, Moonfire

## Investors

- Valar (https://capitalatlas.ai/funds/valar) — Seed
- Album VC (https://capitalatlas.ai/funds/album-vc) — Seed
- Moonfire (https://capitalatlas.ai/funds/moonfire) — Seed
- Albion Capital — Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A
- GoHub Ventures (https://capitalatlas.ai/funds/gohub-ventures) — Series A