# DEXAG

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

- Industry: Internet
- Headquarters: Atlanta, US
- Website: www.slingshot.finance
- Total disclosed funding: $18M
- Latest round: Series A (Dec 9, 2021)
- Investors on record: 13

## About

DEXAG, Inc. operates Slingshot, a cryptocurrency trading platform that streamlines digital asset transactions for investors. Its user-friendly interface caters to both novice and experienced users in North America and Europe.Founded in 2020 and headquartered in Atlanta, US, DEXAG, Inc. specializes in cryptocurrency trading solutions through its platform Slingshot. The company underwent a Series A funding round in December 2021, raising USD 15.00 mn led by Ribbit Capital, with other investors including Electric Capital, Framework Ventures, K5 Global, and Shrug Capital continuing their support. The founding team consists of Clinton Bembry, Scott Lewis, and Yurdagül Uygun, with Clinton Bembry serving as CEO.Slingshot's core product is a trading platform that allows for the seamless exchange of various cryptocurrencies and tokens. Designed for both novice and seasoned investors, it enhances access to digital assets and improves transaction efficiency. The platform serves individual retail investors, institutional traders, and financial advisors primarily in North America and Europe, adapting its offerings to meet evolving user needs.Slingshot generates revenue through transaction fees on trades executed on its platform, which involves a fee percentage from each trade. This allows users to access a variety of tokens without the complexities often present in cryptocurrency exchanges. The platform's structure focuses on providing competitive rates for individual traders and fostering liquidity across different cryptocurrency markets.In December 2021, DEXAG, Inc. raised USD 15.00 mn in Series A funding to support its growth initiatives. The company plans to expand its team, launch mobile applications, and integrate support for additional blockchains, aiming to enhance its market presence. Future expansions are strategically targeted towards new geographic markets to further increase user engagement.

## Funding rounds

- Series A, Dec 9, 2021, $15M — Ribbit Capital, Electric Capital, Shrug Capital, K5 Global, Framework Ventures
- Seed, Oct 11, 2020, $3.1M — Digital Currency Group, Winklevoss Capital, Electric Capital, Coinbase Ventures, Robot Ventures, IDEO CoLab Ventures, Coingecko, Framework Ventures, Volt Capital, D1 Ventures

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Seed
- Coingecko — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed, Series A
- Volt Capital (https://capitalatlas.ai/funds/volt-capital) — Seed
- D1 Ventures (https://capitalatlas.ai/funds/d1-ventures) — Seed
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Series A
- K5 Global (https://capitalatlas.ai/funds/k5-global) — Series A