# Index Coop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/index-coop

- Industry: Software
- Headquarters: US
- Website: www.indexcoop.com
- Total disclosed funding: $7.7M
- Latest round: Seed (Jul 7, 2021)
- Investors on record: 7

## About

Index Coop is a decentralized finance (DeFi) company that offers automated yield and leverage products, focusing on crypto exposure and risk management for users engaged in complex trading strategies.Index Coop, founded in 2020 and headquartered in the US, specializes in providing automated decentralized finance products. The firm has raised USD 2.25 mn through two funding rounds, with the latest round occurring on December 8, 2021, co-led by Blockchain Ventures, Sequoia Capital, and White Star Capital.Index Coop specializes in automated decentralized finance (DeFi) yield and leverage products, primarily focused on providing users with opportunities for enhanced crypto exposure without traditional liquidation risks. Their core offerings include leverage tokens that allow users to amplify their positions in cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC) with target leverage ratios, facilitating automated rebalancing and built-in liquidation protection. These products are designed to cater to a diverse clientele ranging from individual retail investors to institutional participants, enabling them to engage in complex on-chain trading strategies with ease. Index Coop's products are actively utilized in multiple geographical markets, notably in North America, Europe, and Asia, where the demand for innovative DeFi solutions continues to grow. The company ensures that all smart contracts associated with its products are audited by reputable security firms, contributing to a trust-based relationship with its user base.Index Coop generates revenue through various transaction structures associated with its DeFi offerings, leveraging fees from the minting and redeeming of their leverage tokens. Customers engaging with their services incur streaming fees, which are paid continuously in a block-by-block manner, as well as borrowing costs when utilizing leverage strategies. The company captures user engagement through its high-yield products, such as icETH, which allows users to earn leveraged staking rewards. Partnerships and collaborations with other DeFi platforms enhance the firm’s market presence, allowing them to reach broader audiences and provide additional value through integrated services. By focusing on the automated management of investments, Index Coop presents a streamlined experience for users looking to maximize their crypto assets while minimizing associated risks.In December 2021, Index Coop raised USD 2.25 mn in venture funding to support future initiatives. The company plans to develop new products aimed at expanding its offerings in the DeFi space. Geographic expansion is also on the horizon, targeting emerging markets in Asia and Europe by 2023. The recent funding will be utilized to enhance product development and market penetration strategies.

## Funding rounds

- Seed, Jul 7, 2021, $7.7M — Laconia Capital Group, 1Confirmation, Galaxy Asset Management, 1kx Ventures, Assembly Capital Partners, Wintermute Trading Ltd, DeFiance Capital

## Investors

- Laconia Capital Group (https://capitalatlas.ai/funds/laconia-capital-group) — Seed
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Seed
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- Assembly Capital Partners (https://capitalatlas.ai/funds/assembly-capital-partners) — Seed
- Wintermute Trading Ltd — Seed
- DeFiance Capital — Seed