# InstaDApp Labs

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

- Industry: Financial Services
- Headquarters: Lewes, US
- Website: www.instadapp.io
- Total disclosed funding: $2.4M
- Latest round: Seed (Oct 1, 2019)
- Investors on record: 4

## About

InstaDApp Labs LLC is a decentralized finance platform that streamlines the management of DeFi protocols through innovative solutions like the DeFi Smart Account and Avocado Smart Wallet, offering users enhanced control and efficiency.Founded in 2019 and headquartered in Lewes, US, InstaDApp Labs LLC specializes in the development of decentralized finance solutions. The company has engaged in two deals, with the most recent investment round occurring on June 11, 2021, where they raised USD 10.00 mn led by Standard Crypto Management, alongside participation from DeFi Alliance and LongHash Ventures. The CEO, Sowmay Jain, is focused on expanding the company's offerings within the DeFi space.Instadapp offers a unified platform for decentralized finance (DeFi) that simplifies the management of multiple DeFi protocols and positions through its core offerings: the DeFi Smart Account and the Avocado Smart Wallet. The DeFi Smart Account enables users to consolidate their DeFi activities, allowing for efficient management of assets across various protocols. The Avocado Smart Wallet further enhances user experience by integrating account functionalities, gas management, and smart contract execution into a single digital wallet. These products cater to a diverse clientele that includes individual investors, blockchain developers, and institutional participants looking to navigate the complexities of DeFi. Instadapp's services are designed to address use cases such as liquidity provision, yield farming, and cross-platform asset management, making them relevant to users across North America, Europe, and Asia, where DeFi adoption is rapidly growing.Instadapp generates revenue primarily through transaction fees associated with its DeFi Smart Account and Avocado Smart Wallet services. The transaction structure includes fees charged for successful completion of trades and management of assets within its platform. Clients utilize the services on a transactional basis, paying fees that may vary depending on the volume and complexity of their operations. The platform's design encourages user engagement through its flagship offerings, which often support seamless interactions across various DeFi protocols. While specific pricing plans for these services are not disclosed, the revenue model is typically centered around a transaction fee structure that incentivizes both individual users and institutional clients to leverage Instadapp’s capabilities in a competitive DeFi landscape.In June 2021, InstaDApp Labs LLC raised USD 10.00 mn in venture funding led by Standard Crypto Management, with participation from DeFi Alliance and LongHash Ventures. The funding will be utilized to develop a middleware layer for the DeFi ecosystem, which is expected to enhance the company's service offerings. Future growth initiatives include launching new products aimed at improving user experience and expanding the platform’s functionality. Additionally, InstaDApp plans to target markets in Europe and Asia for expansion, aiming to establish a broader user base by 2023.

## Funding rounds

- Seed, Oct 1, 2019, $2.4M — Pantera Capital, Coinbase Ventures, Robot Ventures, IDEO CoLab Ventures

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Seed