# Flashnet

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

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.flashnet.xyz
- Total disclosed funding: $4.5M
- Latest round: Seed (Feb 4, 2025)
- Investors on record: 6

## About

Established in 2024 and based in California, US, Polarity Ln, Inc., trading under the name Flashnet, operates as a bitcoin organization that provides a cryptocurrency trading platform for investors and traders. In February 2025, Flashnet raised USD 4.5 million in seed funding led by investor Abstract Ventures, with participation from other investors UTXO Management, Accomplice, Soma Capital Management, HF0, and Chapter One Ventures. The firm as of January 2025, is led by its founder and CEO, Ethan Marcus.

Flashnet specializes in providing a trustless Bitcoin trading platform that offers a non-custodial trading experience. Users can execute trades with millisecond execution times and settle them directly on the Bitcoin blockchain. The platform enables both individual traders and developers to create or import self-custody Bitcoin wallets, ensuring complete control over funds. Instant deposits through the Lightning Network and direct Bitcoin transactions are facilitated, catering to a global clientele seeking secure trading solutions. 

Flashnet's revenue model is primarily driven by transaction fees from trades executed on its platform.

The company plans to utilize the February 2025 funding to support the development of its trading platform for Bitcoin.

## Funding rounds

- Seed, Feb 4, 2025, $4.5M — Accomplice, Soma Capital Management, Abstract Ventures, Chapter One, UTXO Management, HF0

## Investors

- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Chapter One (https://capitalatlas.ai/funds/chapter-one) — Seed
- UTXO Management — Seed
- HF0 (https://capitalatlas.ai/funds/hf0) — Seed