# Fordefi

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

- Industry: Software
- Headquarters: New York, US
- Website: http://www.fordefi.com
- Total disclosed funding: $28M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 14

## About

Established in 2021 by Josh Schwartz (CEO), Dima Kogan (CTO), and Michael Volfman, and based in New York, US, Arnac Software Ltd., trading under the name Fordefi is a financial technology platform that provides an MPC (Multi-Party Computation) wallet as well as a security platform for users trading in Web3 platforms. In November 2022, Fordefi raised USD 18 million in seed funding led by Lightspeed Venture Partners, with participation from Alameda Research Ventures, Castle Island Ventures, DeFiance Capital, Digital Currency Group, Electric Capital, Illuminate Financial Management, Jump Crypto, Nima Capital LLC, Pantera Capital, PayPal Ventures and StarkWare Industries Ltd.

The firm offers software that provides crypto enthusiasts with mobile wallets for decentralized finance activities such as trading, lending, investing, and voting on web3 platforms. 

The company intends to use the November 2022 funding to strengthen its position, accelerate its growth, and expand its market reach.

## Funding rounds

- Seed, Feb 13, 2024, $10M — Paxos Trust Company, LLC, Electric Capital, Alchemy Capital Partners
- Seed, Nov 8, 2022, $18M — Lightspeed Venture Partners, Digital Currency Group, Pantera Capital, Illuminate Financial, Nima Capital, Electric Capital, StarkWare Industries Ltd., Castle Island Ventures, PayPal Ventures, Alameda Research Ventures, DeFiance Capital, Jump Crypto

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Seed
- Nima Capital — Seed
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- StarkWare Industries Ltd. — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- DeFiance Capital — Seed
- Jump Crypto — Seed
- Paxos Trust Company, LLC — Seed
- Alchemy Capital Partners (https://capitalatlas.ai/funds/alchemy-capital-partners) — Seed