# Delta Network

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

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.delta.network
- Total disclosed funding: $11M
- Latest round: Seed (Oct 9, 2024)
- Investors on record: 12

## About

Based in Zürich, Switzerland, and founded in 2023, Repyh Labs AG, doing business as Delta Network, operates as a software company that offers a layer-1 platform designed for decentralized applications. The company was founded by its CEO, Ole Spjeldnaes. In October 2024, Delta Netowk raised USD 11 million in seed funding co-led by Variant, DBA Crypto, Figment Capital, Maven11 Capital, Delphi Ventures, Robot Ventures, Public Works, Ambush Capital, Reverie, Credibly Neutral, and Ergodic Fund.

Delta Network offers a decentralized platform that allows users to create a network of interconnected blockchains, known as domains. Each domain operates independently, with its own rules and governance, but they are all connected through a shared base layer. This shared layer enables communication and asset transfer between different domains. The platform uses zero-knowledge proofs to verify transactions and ensure security. The firm’s blockchain platform addresses challenges faced by developers in existing systems like Ethereum and Solana.

The company plans to utilize the October 2024 funding raised to develop its decentralized network infrastructure, enhance its zero-knowledge proof settlement method, and expand its team to support global state sharing and multi-domain interoperability.

## Funding rounds

- Seed, Oct 9, 2024, $11M — Delphi Ventures, Castle Island Ventures, Robot Ventures, Maven11 Capital, Variant, Figment Capital, DBA, Reverie, Ambush Capital, Public Works, Credibly Neutral, Ergodic Fund

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Variant (https://capitalatlas.ai/funds/variant) — Seed
- Figment Capital (https://capitalatlas.ai/funds/figment-capital) — Seed
- DBA (https://capitalatlas.ai/funds/dba) — Seed
- Reverie (https://capitalatlas.ai/funds/reverie) — Seed
- Ambush Capital (https://capitalatlas.ai/funds/ambush-capital) — Seed
- Public Works — Seed
- Credibly Neutral (https://capitalatlas.ai/funds/credibly-neutral) — Seed
- Ergodic Fund — Seed