# Bribe

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

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.bribe.xyz
- Total disclosed funding: $4M
- Latest round: Seed (Jan 12, 2022)
- Investors on record: 15

## About

Based in Singapore, and founded in 2021, Bribe, also known as Bribe Protocol, operates as a decentralized finance company that develops decentralized autonomous organization infrastructure tooling to reward protocol participation. The company was formed by Composable Labs and Advanced Blockchain AG. In January 2022, Bribe raised USD 4 million led by new investor Spartan Capital (HK), with participation from other new investors 0xVentures, Double Peak Group, and Fenbushi Capital, Figment Inc.

Bribe provides a blockchain framework for decentralized finance applications that enhances governance and other operations by giving its native token ($BRIBE) holders Voter Extractable Value (VEV). VEV is a platform that allows blockchain network token holders to stake their votes for use by the highest bidder, which in turn lowers opportunity costs for voters, increases decentralized autonomous organization membership, and expands voting use cases for the network/marketplace participants.

The company plans to use the January funding to increase the activity in Aave DAO and enter as a key player in Aave’s governance.

## Funding rounds

- Seed, Jan 12, 2022, $4M — Fenbushi Capital, Fundamental labs, Dragonfly Capital, LedgerPrime, Figment, Inc., Hypersphere Ventures, Rarestone Capital, IOSG Ventures, Paradigm Shift Capital, Shima Capital, Double Peak Group, GravityX Capital, 0xVentures, a41 Ventures, Spartan Group

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- Fundamental labs — Seed
- Dragonfly Capital — Seed
- LedgerPrime — Seed
- Figment, Inc. — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- Rarestone Capital (https://capitalatlas.ai/funds/rarestone-capital) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- Paradigm Shift Capital (https://capitalatlas.ai/funds/paradigm-shift-capital) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- Double Peak Group — Seed
- GravityX Capital (https://capitalatlas.ai/funds/gravityx-capital) — Seed
- 0xVentures (https://capitalatlas.ai/funds/0xventures) — Seed
- a41 Ventures — Seed
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Seed