# Metis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metis

- Industry: Business Support Services
- Headquarters: Singapore, Singapore
- Website: www.metis.io
- Total disclosed funding: $1M
- Latest round: Seed (Mar 3, 2021)
- Investors on record: 11

## About

Metis is a decentralized Layer 2 rollup platform that enhances blockchain application scalability, enabling efficient decentralized application (dApp) development through low gas fees and quick transaction processing.Founded in 2018 and headquartered in Singapore, Metis offers a decentralized platform designed to facilitate the development and deployment of dApps. The company successfully raised USD 1.000 mn in Seed funding on March 3, 2021, which was utilized to advance its product offerings. CEO Kosuke Ouchi leads the company as it targets a global client base.Metis provides a decentralized Layer 2 rollup platform aimed at improving the scalability and accessibility of blockchain applications. Its platform equips developers with essential tools for efficient dApp creation and deployment, featuring low gas fees, rapid transaction processing, and economical on-chain storage. Metis focuses on a variety of applications, including DeFi, GameFi, NFT marketplaces, and social applications, and actively engages users from regions like North America, Europe, and Asia through its Community Ecosystem Governance (CEG) initiative.Metis generates revenue from transaction fees associated with its platform services, including smart contract execution and transaction processing on the Metis network. The platform supports B2B and direct-to-consumer interactions by allowing developers and businesses to leverage its infrastructure. The total value locked (TVL) in the network is currently USD 256.08 mn, reflecting robust user engagement and transaction volume that contribute to revenue through transaction activity.Following a Seed funding round that raised USD 1.000 mn on March 3, 2021, Metis plans to utilize these funds to launch its new Layer 2 DAO framework by the end of March. The company aims to expand its market presence, focusing on increasing its user base in North America, Europe, and Asia. These strategic initiatives are expected to enhance Metis's capacity to support a wider range of dApps and community-driven projects.

## Funding rounds

- Seed, Mar 3, 2021, $1M — Kernel Capital, Deutsche Finance Group, AC Capital, Chain Capital, Waterdrip Capital, BlocPower Public Benefit Corporation, P1X Capital, Crasolum, Jubi Labs, Hotbit, SSSnodes

## Investors

- Kernel Capital (https://capitalatlas.ai/funds/kernel-capital) — Seed
- Deutsche Finance Group — Seed
- AC Capital — Seed
- Chain Capital — Seed
- Waterdrip Capital (https://capitalatlas.ai/funds/waterdrip-capital) — Seed
- BlocPower Public Benefit Corporation — Seed
- P1X Capital — Seed
- Crasolum — Seed
- Jubi Labs — Seed
- Hotbit — Seed
- SSSnodes — Seed