# Everclear

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

- Industry: Software
- Headquarters: George Town, Cayman Islands
- Website: www.everclear.org/
- Total disclosed funding: $16M
- Latest round: Series A (Jul 13, 2021)
- Investors on record: 11

## About

Based in California, US, and founded in 2017, Connext Labs Inc, doing business as Everclear, operates as a software company that develops Web3 applications. The company was founded by its CEO Arjun Bhuptani, Layne Haber, and Rahul Sethuram. In June 2024, Everclear raised USD 5 million in venture funding from new investor Pantera Capital.


Connext Network provides a blockchain interoperability platform, a SaaS-enabled platform that develops interchain applications, mainly Web3 applications. The company’s product line includes xCall, software that enables applications to interact with users, and tokens across various blockchain networks. The services offered by the company include the development of cross-chain apps; cross-chain liquidity, which allows users to access digital assets; cross-chain NFTs for facilitating NFTs across various blockchains; cross-chain governance; and Connext Docs, a platform that converts dApps into xApps. Everclear Labs earns revenue by charging transaction fees on cross-chain token swaps and liquidity routing, supporting decentralized applications and interoperability services for developers.

The company plans to use the funds raised in June 2024 to support the launch of its new brandname Everclear.

## Funding rounds

- Series A, Jul 13, 2021, $12M — Scalar Capital, Coinbase Ventures, 1kx Ventures, Hashed Ventures, MetaCartel Ventures, Ethereal Ventures, OKEx Blockdream Ventures, eGirl Capital, ConsenSys Mesh
- Seed, Feb 12, 2021, $3.6M — Polychain Capital, 1kx Ventures, HTX Venture

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed, Series A
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Seed
- Scalar Capital — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- MetaCartel Ventures (https://capitalatlas.ai/funds/metacartel-ventures) — Series A
- Ethereal Ventures (https://capitalatlas.ai/funds/ethereal-ventures) — Series A
- OKEx Blockdream Ventures — Series A
- eGirl Capital (https://capitalatlas.ai/funds/egirl-capital) — Series A
- ConsenSys Mesh (https://capitalatlas.ai/funds/consensys-mesh) — Series A