# Gear Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gear-technologies

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.gear-tech.io
- Total disclosed funding: $12M
- Latest round: Series A (Dec 20, 2021)
- Investors on record: 10

## About

Based in NC, US, and founded in 2021, by co-founders Ilya Veller and Nikolay Volf, Gear Technologies, Inc. operates as a Substrate-based smart-contract platform. In December 2021, Gear Technologies, Inc. raised USD 12 million in series A funding led by new investor Blockchange Ventures, with Three Arrows Capital, and The Spartan Group.

Gear Technologies, Inc. provides Layer-1 decentralized network and a way to run WebAssembly programs (smart-contracts) compiled from many popular languages, such as Rust, C/C++, and more. It enables a seamless transition to Web3, enabling the running of dApps, microservices, middleware, and an open application programming interface.

## Funding rounds

- Series A, Dec 20, 2021, $12M — The Spartan Group, Three Arrows Capital, Blockchange Ventures, Elysium Venture Capital, Distributed Global Ventures, HashKey Capital, Lemniscap, BitScale Capital, Mechanism Capital, P2P Validator

## Investors

- The Spartan Group — Series A
- Three Arrows Capital — Series A
- Blockchange Ventures (https://capitalatlas.ai/funds/blockchange-ventures) — Series A
- Elysium Venture Capital (https://capitalatlas.ai/funds/elysium-venture-capital) — Series A
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A
- Lemniscap — Series A
- BitScale Capital — Series A
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Series A
- P2P Validator — Series A