# FRAGMENT Foundries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fragment-foundries

- Industry: Software
- Headquarters: New York, US
- Website: www.fragment.dev
- Total disclosed funding: $8.2M
- Latest round: Seed (Jul 22, 2024)
- Investors on record: 3

## About

Based in New York, US, and founded in 2021 by co-founders Thomas Neckel and Omi Chowdhury, FRAGMENT Foundries, Inc. operates as a Fintech company providing ledger APIs for financial product development. In July 2024, FRAGMENT Foundries, Inc. raised USD 9 million in seed funding from Stripes, BoxGroup, and Avid Ventures.  

FRAGMENT Foundries, Inc. developed a configurable ledger API designed for building various financial products. It supports multi-currency accounts, custom currencies, and integrations with platforms like Stripe and Unit. The company’s features include double-entry accounting, real-time balance tracking, historical balances, time zone offsets, and automated reconciliation of funds. The platform allows businesses to define declarative schemas and embed financial logic directly into their applications. In addition, the firm provides financial transactions reconciling payments, and maintaining error-free balances across all systems.

## Funding rounds

- Seed, Jul 22, 2024, $8.2M — Stripes, BoxGroup, Avid Ventures

## Investors

- Stripes (https://capitalatlas.ai/funds/stripes) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Avid Ventures (https://capitalatlas.ai/funds/avid-ventures) — Seed