# Lygon 1B

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lygon-1b-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.lygon.io
- Total disclosed funding: $13M
- Latest round: Series A (Feb 25, 2022)
- Investors on record: 4

## About

Based in Sydney, Australia, and founded in 2017, Lygon 1B Pty Ltd. operates as a developer of a blockchain-based platform for digitizing the bank guarantee process. The CEO of the company is Justin Amos. In April 2022, Lygon 1B Pty Ltd. raised AUD 12.75 million in series A funding co-led by returning investors ANZ Bank, Aura Ventures, and Commonwealth Bank.  

Lygon 1B Pty Ltd. offers a blockchain-based data platform that allows users to obtain and manage bank guarantees and digitize the paper-based bank guarantee process. The platform provides live digital instruments that can be amended digitally and the visible status of the guarantees to the involved parties.

The company plans to use the funding to scale up its resources, invest in R&D and retain its overseas subsidiaries.

## Funding rounds

- Series A, Feb 25, 2022, $13M — Commonwealth Bank of Australia, ANZ Bank, Aura Ventures, One Managed Investment Funds Limited

## Investors

- Commonwealth Bank of Australia — Series A
- ANZ Bank — Series A
- Aura Ventures — Series A
- One Managed Investment Funds Limited — Series A