# Injective Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/injective-labs

- Industry: Financial Services
- Headquarters: Dublin, US
- Website: www.injective.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Mar 26, 2021)
- Investors on record: 15

## About

Injective Labs Inc. is a blockchain technology company specializing in decentralized finance and Web3 applications, providing developers with tools to create efficient financial services and trading solutions.Established in 2018 and headquartered in Dublin, US, Injective Labs Inc. focuses on developing innovative blockchain solutions tailored for finance. The company has undergone significant growth and received funding through various investment rounds, with its latest being a USD 40 mn venture round led by Jump Crypto in August 2022. The founders, Albert Chon and Eric Chen, have backgrounds in technology and finance, contributing to the company's strategic direction and investment in decentralized applications (dApps).Injective is primarily known for its innovative blockchain designed specifically for finance and Web3 applications. The core offerings include a suite of plug-and-play modules that enable developers to create high-performance decentralized applications (dApps) with ease, significantly reducing technical complexities involved in on-chain development. The platform provides dynamic smart contracts to facilitate efficient and low-cost transactions, enabling real-time financial services and trading solutions. Injective's ecosystem has grown rapidly, attracting a diverse range of users including developers, financial institutions, and individual investors, primarily targeting markets in North America, Europe, and Asia-Pacific. The platform's infrastructure supports a variety of decentralized finance (DeFi) applications, crypto exchanges, and other financial instruments, catering to both institutional and retail clients.The revenue structure of Injective is primarily derived from transaction fees associated with trading and staking activities within its ecosystem. Clients, including institutions and individual users, engage with the platform by creating Injective wallets, acquiring the native utility token (INJ), and participating in staking to secure the network. Revenue is generated through minimal transaction fees that apply to asset transfers and trades, which are positioned to remain competitive at less than USD 0.01 per transaction. Users benefit from the platform's low-cost structure while transacting in various financial instruments, such as decentralized exchange services or cross-chain asset management. This transaction model fosters robust engagement from both developers and end-users, ensuring a sustainable revenue stream for the Injective platform.Injective Labs Inc. plans to utilize the USD 40 mn raised in August 2022 to enhance product development and expand its investment in dApps. The company is focused on launching new features aimed at improving user experience and functionality within its ecosystem. Additionally, Injective is targeting expansion into key markets across North America, Europe, and Asia-Pacific by 2023, aiming to broaden its user base and engagement in these regions.

## Funding rounds

- Seed, Mar 26, 2021, $0.5M — Pantera Capital, BlockTower Capital, Hashed Ventures, QCP Capital, CMS Holdings, LLC, Cadenza Capital Management
- Seed, Jul 28, 2020, $3M — Pantera Capital, Hashed Ventures, Krypital Group, Innovating Capital, BoxOne Ventures, QCP Soteria, Axia8 Ventures, K42, Bitlink Capital, BitScale Capital, The Cabin Capital

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- Krypital Group (https://capitalatlas.ai/funds/krypital-group) — Seed
- Innovating Capital (https://capitalatlas.ai/funds/innovating-capital) — Seed
- BoxOne Ventures (https://capitalatlas.ai/funds/boxone-ventures) — Seed
- QCP Soteria — Seed
- Axia8 Ventures (https://capitalatlas.ai/funds/axia8-ventures) — Seed
- K42 — Seed
- Bitlink Capital — Seed
- BitScale Capital — Seed
- The Cabin Capital — Seed
- BlockTower Capital (https://capitalatlas.ai/funds/blocktower-capital) — Seed
- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Seed