# Lava Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lava-global

- Industry: Software
- Headquarters: Albany, US
- Website: www.lava.xyz
- Total disclosed funding: $10M
- Latest round: Series A (Dec 9, 2024)
- Investors on record: 2

## About

Based in New York, US, and founded in 2024, Lava Global Inc. operates as a blockchain company that focuses on providing a platform that enables users to manage Bitcoin transactions. In October, Lava Global Inc. raised USD 17.5 million in venture funding from individual investors.

Lava offers a comprehensive suite of services designed to facilitate the seamless integration of Bitcoin into everyday financial transactions. Their core product is a self-custody vault allowing users to buy Bitcoin, borrow USD, and transact globally with minimal fees. This vault features robust security, including secure chips for private key storage and biometric authentication, targeting both individual cryptocurrency investors and businesses in North America and Europe.

Lava generates revenue primarily through transaction fees associated with Bitcoin transactions and Bitcoin-secured loans. Fees are incurred when customers buy Bitcoin through the platform, contributing to the company's revenue stream. Additionally, the company benefits from interest payments on loans against Bitcoin collateral, catering to both retail users and businesses.

The company plans to use its proceeds from December 2024 funding to accelerate its blockchain technology platform.

## Funding rounds

- Series A, Dec 9, 2024, $10M — Founders Fund, Khosla Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A