Cork
Latest round
- Seed
Last raised
- Jan 2026
Total raised
- $5.5M
Investors
- 14
About Cork
Cork Protocol, Inc., founded in 2023 by its CEOs Phil Fogel and Rob Schmitt, COO Anna Stone, and headquartered in New York, US, focuses on providing innovative risk management solutions for onchain assets.Cork offers a programmable risk layer designed specifically for onchain assets, including real-world assets (RWAs), vault tokens, and yield-bearing stablecoins. Their core product functionality revolves around providing institutional-grade risk management solutions that enhance liquidity, transparency, and trust for asset managers. Cork’s offerings include instant liquidity buffers for illiquid asset pools, default coverage for stablecoins, and peg stability enhancements for asset issuers, addressing significant gaps in the current risk infrastructure as trillions of dollars transition to onchain systems. The company serves a diverse clientele that includes asset managers, liquidity providers, and vault operators, primarily targeting markets in North America, Europe, and Asia where onchain finance is rapidly evolving.Cork generates revenue through a combination of subscription-based services and transaction fees associated with its risk infrastructure offerings. Clients, including asset issuers and liquidity providers, engage with Cork's platform to buy protection against illiquidity or depeg events for their assets. For instance, an asset manager may subscribe to Cork's swap-based redemption layer, allowing them to enhance liquidity for their vaults and trade RWAs more efficiently. Revenue is derived from these subscription fees, alongside transaction fees incurred during the exchange of liquid collateral, such as USDC or ETH, when clients exercise their protection options. The company aims to introduce new products designed to improve risk management capabilities and expand its services into markets across North America, Europe, and Asia, where onchain finance is rapidly evolving.
Who invested in Cork
14 investors across 1 round
See all investors in Cork
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Jan 21, 2026
Amount
$5.5M
Investors
Questions about Cork
Who invested in Cork?
Cork has 14 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cork raised?
Cork has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Cork last raise money?
Cork's most recent round on record is a Seed, in Jan 2026.
What does Cork do?
Cork is a financial services company.
Where is Cork headquartered?
Cork is headquartered in New York, US.
Which VCs invest in companies like Cork?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Cork's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
Raising like Cork? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.