# Cega Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cega-finance

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.cega.fi
- Total disclosed funding: $9.3M
- Latest round: Seed (Mar 27, 2023)
- Investors on record: 6

## About

Based in Singapore, and founded in 2020 by its CEO, Arisa Toyosaki, and co-founder, Felicia Chen, Cega Finance operates as a developer of decentralized finance exotic derivatives protocol company that creates derivative contracts as well as consumer-facing staking products for the retail audience. In March 2022, Cega Finance raised USD 4.3 million in seed funding led by new investor Dragonfly Capital, with participation from other new investors Pantera Capital and Solana Ventures. As of March 2022, the company has a team of four people.

Cega Finance offers a decentralized application built on Solana that combines basic options with advanced options characteristics to create packaged offerings for investors. Its first exotic options product is the fixed coupon note, which is a basket of puts and a call with knock-in and knock-out barriers. Its exotic structured product benefits retail investors by offering a superior yield, built-in downside protection, and compounded returns. It also benefits market makers by providing a discounted hedge for their portfolio as well as allowing proprietary gains through hedging trades.

The company will use the seed funding to continue developing its technology as well as to create a community focused on expanding product offerings, calibrating statistical models, and educating users about Defi and derivatives.

## Funding rounds

- Seed, Mar 27, 2023, $5M — Pantera Capital, Dragonfly Digital Management, Robot Ventures
- Seed, Mar 8, 2022, $4.3M — Pantera Capital, Coinbase Ventures, Dragonfly Digital Management, Alameda Research, Solana Ventures

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- Alameda Research — Seed
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed