# Mara.xyz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mara-xyz

- Industry: Financial Services
- Headquarters: Nairobi, Kenya
- Website: www.mara.xyz
- Total disclosed funding: $23M
- Latest round: Seed (May 11, 2022)
- Investors on record: 16

## About

Founded in 2021 and based in Nairobi, Kenya, Mara.xyz, also known as Mara, operates as a Pan-African crypto exchange company. The company was founded by its CEO Chi Nnadi, Dearg OBartuin, and Lucas Llinás Múnera. In May 2022, Mara.xyz raised USD 23 million in seed funding from new investors Alameda Research Ventures, Coinbase Ventures, DAO Jones, Day One Ventures, DIGITAL, and Huobi Ventures.

Mara develops and offers a platform for lending and exchanging digital assets, along with a variety of blockchain solutions that enable customers to buy, sell, and withdraw bitcoins. Its products include MARA Chain, a blockchain layer that allows developers to create decentralized applications using the native Mara token, Mara Wallet, a mobile digital wallets application, and Pro-Exchange, a cryptocurrency trading, and analysis platform.

The company plans to use the May 2022 funding to accelerate its suite of products focusing on Nigeria and Kenya before expanding to East Africa and Francophone countries as well as its launch MARA Chain later in 2022.

## Funding rounds

- Seed, May 11, 2022, $23M — Nexo, Infinite Capital, Day One Ventures, Coinbase Ventures, Distributed Global Ventures, TQ Ventures, HTX Venture, Alameda Research Ventures, DIGITAL, DAO Jones
- Seed, Dec 15, 2021 — Nexo, Infinite Capital, Distributed Global Ventures, TQ Ventures, Sunu Capital, HashKey Capital, Woodstock, Global Digital Assets, Mechanism Capital, Ghaf Capital Partners

## Investors

- Nexo (https://capitalatlas.ai/funds/nexo) — Seed
- Infinite Capital (https://capitalatlas.ai/funds/infinite-capital) — Seed
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Seed
- TQ Ventures (https://capitalatlas.ai/funds/tq-ventures) — Seed
- Sunu Capital (https://capitalatlas.ai/funds/sunu-capital) — Seed
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- Global Digital Assets (https://capitalatlas.ai/funds/global-digital-assets) — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed
- Ghaf Capital Partners (https://capitalatlas.ai/funds/ghaf-capital-partners) — Seed
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- DIGITAL — Seed
- DAO Jones — Seed