# Croquet Corporation

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

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.croquet.io
- Total disclosed funding: $2.7M
- Latest round: Seed (Feb 18, 2020)
- Investors on record: 1

## About

Croquet Corporation develops advanced decentralized technologies that enhance real-time applications across various platforms. Its focus lies in creating resilient systems that eliminate single points of failure while ensuring maximum uptime for users.Croquet Corporation was founded in 2018 in Los Angeles, US, and is focused on building decentralized technologies. The company has raised a total of USD 2.7 mn, with its most recent funding round being a Seed round amounting to USD 2.7 mn, completed on February 18, 2020, from Strategic Incubation Partners. The company operates independently without any known parent or subsidiary relationships. The founders of Croquet Corporation are Vanessa F and Yoshiki Ohshima, while John Payne serves as the CEO.Croquet Labs, a division of Croquet Corporation, specializes in developing decentralized technologies, primarily serving as a provider to the Multisynq Network, which acts as the shared, real-time application layer of the internet. The company offers resilient and scalable decentralized systems that eliminate single points of failure, ensuring maximum uptime. These systems facilitate instant and synchronized experiences across connected devices and platforms, catering to sectors like gaming, education, and enterprise software, with deployment in North America, Europe, and parts of Asia.Croquet Labs generates revenue through partnerships and subscriptions, where clients pay for access to the Multisynq Network and its services. This subscription-based model enables software developers and enterprises to integrate real-time capabilities into their applications seamlessly. Pricing plans are based on the scale and customization of services, with larger clients negotiating tailored agreements. The Multisynq Network's foundational services drive the revenue structure, providing essential real-time capabilities to clients.Croquet Corporation plans to utilize the recent Seed funding of USD 2.7 mn raised on February 18, 2020, to expand its product offerings and enhance its technology infrastructure. Future initiatives include launching new products designed to enhance the functionalities of the Multisynq Network. The company aims to penetrate additional markets, specifically targeting expansion in Europe and parts of Asia by the end of 2023, to broaden its client base and enhance real-time interaction capabilities across its platforms.

## Funding rounds

- Seed, Feb 18, 2020, $2.7M — Strategic Incubation Partners

## Investors

- Strategic Incubation Partners (https://capitalatlas.ai/funds/strategic-incubation-partners) — Seed