# Iron Fish

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iron-fish

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.ironfish.network
- Total disclosed funding: $33M
- Latest round: Series A (Nov 30, 2021)
- Investors on record: 7

## About

Iron Fish Inc. specializes in providing privacy-focused blockchain solutions for secure cryptocurrency transactions, enabling users to send, receive, and bridge assets while maintaining anonymity.Founded in 2018 and headquartered in San Francisco, US, Iron Fish Inc. focuses on developing a privacy-centric blockchain technology. The company has engaged in three investment deals, with the latest being a Series A round that raised USD 27.7 mn on November 30, 2021, led by Andreessen Horowitz and supported by Sequoia Capital and others. Elena Nadolinski serves as the CEO and is also the founder of the company, marking her entrepreneurial journey in the tech industry.Iron Fish offers a comprehensive suite of products designed to facilitate private and secure cryptocurrency transactions. The core product is a privacy-focused blockchain that allows users to send, receive, and bridge assets while maintaining anonymity. The platform supports a range of applications, including a desktop node application, a command-line interface (CLI) for terminal operations, and integration options with hardware wallets like Ledger. Iron Fish empowers users to mine its native token, IRON, and track network activity through an encrypted Block Explorer. This ecosystem serves a diverse clientele, including individual cryptocurrency users and developers across various geographical markets, particularly in North America and Europe, where privacy concerns in digital transactions are increasingly prevalent.Iron Fish generates revenue through its blockchain services, primarily by facilitating transactions that leverage its privacy features. Users interact with the network by engaging in transactions that may include the transfer of various crypto assets, utilizing the platform's bridging capabilities to integrate with other blockchain ecosystems like Ethereum and Polygon. The company also emphasizes community participation in its tokenomics, which is designed to reward early contributors and promote network security. Revenue may be derived from transaction fees associated with asset transfers and integration services provided to users and developers, although specific pricing structures are not disclosed. Through its offerings, Iron Fish aims to create a sustainable revenue model that supports ongoing development and community engagement in the realm of cryptocurrency privacy.In November 2021, Iron Fish Inc. raised USD 27.7 mn in Series A funding led by Andreessen Horowitz, with participation from other investors like Sequoia Capital and Arrington XRP Capital. The company plans to use this funding to launch its incentivized testnet, thereby expanding its product offerings. Furthermore, Iron Fish aims to enter new markets in North America and Europe by enhancing its privacy features and expanding user engagement strategies. The release date for the new testnet has not been specified, but it aligns with the company's objective to strengthen its position in the cryptocurrency space.

## Funding rounds

- Series A, Nov 30, 2021, $28M — Hong Shan, Andreessen Horowitz, A Capital Partners, MetaStable Capital, Arrington Capital, Electric Capital
- Seed, Apr 6, 2021, $5.3M — Slow, MetaStable Capital, Electric Capital

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed
- MetaStable Capital — Seed, Series A
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed, Series A
- Hong Shan — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- A Capital Partners (https://capitalatlas.ai/funds/a-capital-partners) — Series A
- Arrington Capital — Series A