# Brine.fi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brine-fi

- Industry: Financial Services
- Headquarters: Bengaluru, India
- Website: www.brine.fi
- Total disclosed funding: $17M
- Latest round: Series A (Sep 7, 2023)
- Investors on record: 7

## About

Based in Karnataka, India, and founded in 2023 by co-founders Bhavesh Praveen, Ritumbhara Bhatnagar, and Shaaran Lakshminarayanan, Brine.Fi operates as a decentralized order-book exchange that enables users to track portfolios, analyze profit & loss, and trade. In September 2023, Brine.Fi raised USD 16.5 million in series A funding led by Pantera Capital, with participation from Elevation Capital, Goodwater Capital, Protofund, StarkWare Industries Ltd., The Spartan Group, and Upsparks. 

Brine's core offering is its decentralized order-book exchange, which allows users to trade various cryptocurrencies. The platform's matching engine is capable of processing up to 600,000 TPS. It also offers a referral program, providing users with up to 50% of their referrals' trading fees as rebates. 

The company generates revenue through trading fees, with users only paying for the actual trades they execute. Additionally, the platform benefits from its referral program.

The company plans to use the series A funding to expand its operations and business reach.

## Funding rounds

- Series A, Sep 7, 2023, $17M — Pantera Capital, Goodwater Capital, Elevation Capital, StarkWare Industries Ltd., Upsparks, Spartan Group, Protofund

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series A
- Elevation Capital — Series A
- StarkWare Industries Ltd. — Series A
- Upsparks (https://capitalatlas.ai/funds/upsparks) — Series A
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Series A
- Protofund (https://capitalatlas.ai/funds/protofund) — Series A