# Centrifuge Network Foundation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/centrifuge-network-foundation

- Industry: Software
- Headquarters: George Town, Cayman Islands
- Website: www.centrifuge.io/
- Total disclosed funding: $15M
- Latest round: Series A (Apr 17, 2024)
- Investors on record: 7

## About

Founded in 2017 and based in the Cayman Islands, Centrifuge Inc. operates decentralized billing, payments, and procurement solutions for enterprises based on blockchain technology. Martin Quensel, Cassidy Daly Lucas Vogelsang and Philip Stehlik are the co-founders of the company. In May 2026, Centrifuge Network Foundation raised an undisclosed amount of venture funding from Coinbase Ventures. The company will use the May 2026 funding to support its role as the core infrastructure for issuing and enabling trading of tokenized real-world assets on Base.

## Funding rounds

- Series A, Apr 17, 2024, $15M — Greenfield, Arrington Capital, IOSG Ventures, Circle Ventures, Spartan Group, Wintermute Ventures, ParaFi Capital

## Investors

- Greenfield (https://capitalatlas.ai/funds/greenfield) — Series A
- Arrington Capital — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- Circle Ventures — Series A
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Series A
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A