# Concordia

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

- Industry: Software
- Headquarters: British Virgin Islands
- Website: www.concordia.systems
- Total disclosed funding: $4M
- Latest round: Seed (Jun 17, 2023)
- Investors on record: 4

## About

Based in the British Virgin Islands, Concordia operates as a software development company offering a modular risk and collateral management platform. In June 2023, the firm raised USD 4 million in seed funding co-led by investors Tribe Capital and Kraken Ventures, with participation from other investors Cypher Capital and Saison Capital.

The company offers a multi-chain modular risk and collateral management protocol for digital assets collateralization across multiple blockchains. The company's flagship product, Superposition, offers a host of key benefits to its users including streamlined collateral management by providing a single account for margining, effectively resolving the issue of collateral fragmentation, and optimizing risk across the entire asset portfolio, ensuring efficient risk management for digital asset holders. Also, by utilizing practices of Traditional Finance (TradFi), Centralized Finance (CeFi), and Decentralized Finance (DeFi), Concordia offers a solution for collateral and cross-chain liquidation management. The company’s modular architecture facilitates integration with other applications, enabling developers to build innovative products and experiences for their users.

## Funding rounds

- Seed, Jun 17, 2023, $4M — Tribe Capital, Cypher Capital, Saison Capital, Kraken Ventures

## Investors

- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Seed