# Cytonic

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

- Industry: Software
- Headquarters: Road Town, British Virgin Islands
- Website: www.cytonic.com/
- Total disclosed funding: $8.3M
- Latest round: Seed (Nov 7, 2024)
- Investors on record: 6

## About

Based in the British Virgin Islands, Cytonic develops advanced blockchain technology solutions to enhance digital asset management. The company was founded by Ivan Miskovic. In November 2024, Cytonic raised USD 8.3 million in seed funding co-led by Lattice Capital and Lemniscap, including IOBC Capital, Lyrik Ventures, Nomura Holdings, and Public Works.

Cytonic offers a solution in the blockchain space with its Multi-Virtual Machine technology, designed to enhance compatibility across various blockchain ecosystems. This foundational product enables users to manage a diverse range of digital assets, including ERC20, SPL, and BRC20 standards, all from a single wallet. Key functionalities include native support for all wallets and the ability to bridge assets from multiple blockchains, streamlining the user experience and promoting accessibility to digital assets. The primary customer base comprises individual users and developers seeking efficient tools for asset management and integration within the blockchain landscape. Cytonic’s services are targeted toward a global market, particularly in developed regions such as North America, Europe, and parts of Asia.

The company's revenue is generated from a combination of transaction fees and potential subscription models for enhanced services, with offerings including the bridging functionality and wallet services.

The organization plans to use the November 2024 funding to address blockchain synchronization.

## Funding rounds

- Seed, Nov 7, 2024, $8.3M — Nomura Holdings, Lemniscap, Lattice Capital Management, Lyrik Ventures, IOBC Capital, Public Works

## Investors

- Nomura Holdings — Seed
- Lemniscap — Seed
- Lattice Capital Management (https://capitalatlas.ai/funds/lattice-capital-management) — Seed
- Lyrik Ventures — Seed
- IOBC Capital (https://capitalatlas.ai/funds/iobc-capital) — Seed
- Public Works — Seed