# Fedi

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

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.fedi.xyz
- Total disclosed funding: $23M
- Latest round: Series A (Mar 21, 2023)
- Investors on record: 9

## About

Founded in 2022 and based in Texas, US, Fedi, Inc., operates as a provider of financial technology for communities and organisations. In March 2023, Fedi, Inc., raised USD 19.20 million in a series A funding led by returning investor Ego Death Capital, with participation from other returning investors Kingsway Capital, TimeChain, and Trammell Venture Partners. As of 2023, more than 100 hypercommunities had registered on the company’s platform.

The company offers a mobile application platform that allows users to transfer money online to other bank accounts while chatting with friends. It also provides a federated OS (operating system) for businesses to safeguard and manage their funds and communicate with their staff with encrypted messaging and in-chat money transfers.

The company plans to introduce the public version of Fedi by the end of 2023.

## Funding rounds

- Series A, Mar 21, 2023, $19M — Trammell Venture Partners, Kingsway Capital, TimeChain, TBD, ego death capital
- Seed, Jul 19, 2022, $4.2M — Recursive Capital, Concentric, Trammell Venture Partners, Kingsway Capital, TimeChain, Ten31, Hivemind Ventures, ego death capital

## Investors

- Recursive Capital (https://capitalatlas.ai/funds/recursive-capital) — Seed
- Concentric (https://capitalatlas.ai/funds/concentric) — Seed
- Trammell Venture Partners (https://capitalatlas.ai/funds/trammell-venture-partners) — Seed, Series A
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Seed, Series A
- TimeChain — Seed, Series A
- Ten31 (https://capitalatlas.ai/funds/ten31) — Seed
- Hivemind Ventures (https://capitalatlas.ai/funds/hivemind-ventures) — Seed
- ego death capital (https://capitalatlas.ai/funds/ego-death-capital) — Seed, Series A
- TBD — Series A