# Multichain

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

- Industry: Software
- Headquarters: Gzira, Malta
- Website: www.multichain.org
- Total disclosed funding: $60M
- Latest round: Seed (Dec 21, 2021)
- Investors on record: 11

## About

Multichain is a comprehensive cross-chain interoperability platform that enables seamless asset transfers across various blockchain networks, offering innovative decentralized finance solutions.Founded in 2020 and headquartered in Gzira, Malta, Multichain specializes in cross-chain asset transfers. In December 2021, the company secured USD 60 mn in Seed funding led by YZi Labs, with participation from notable investors including Circle Ventures and Sequoia Capital.Multichain offers a robust suite of services centered around cross-chain interoperability and decentralized finance (DeFi) solutions. At the core of its offerings is the Multichain Router Protocol, which enables seamless asset transfers across multiple blockchain networks with zero slippage and minimal fees. This is achieved through their 1:1 bridge, designed to facilitate efficient and cost-effective transactions by eliminating hidden costs typically associated with Automated Market Makers (AMMs). The platform targets a diverse client base that includes individual cryptocurrency users, developers, and enterprises looking to integrate cross-chain functionalities into their applications. As a result, Multichain’s services cater to the growing demand for interoperable solutions in the global blockchain ecosystem, serving markets across North America, Europe, and Asia.Multichain generates revenue primarily through transaction fees incurred during asset swaps and bridge operations on its platform. The transaction structure is designed to cater to both individual users and institutional clients, facilitating direct interactions without intermediaries. Users engaging with the Multichain Router Protocol can initiate transfers by paying a nominal fee proportional to the value of their transactions, ensuring that pricing remains competitive while offering significant savings compared to traditional platforms. Additionally, partnerships with blockchain projects and developers contribute to the firm's revenue stream, as they may leverage Multichain’s technology to enhance their own services. This structure positions Multichain as a vital player in the decentralized finance landscape, focusing on optimizing the user experience in cross-chain transactions.Multichain plans to utilize the USD 60 mn raised in Seed funding to expand its ecosystem and team, focusing on research related to crypto algorithms, security, and user service. The company aims to enhance its product offerings, targeting new markets for expansion including regions in Asia and North America by the end of 2023.

## Funding rounds

- Seed, Dec 21, 2021, $60M — Hong Shan, IDG Capital, Three Arrows Capital, Tron Foundation, YZi Labs, Hypersphere Ventures, DeFiance Capital, Primitive Ventures, Magic Ventures, HashKey Group, Circle Ventures

## Investors

- Hong Shan — Seed
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed
- Three Arrows Capital — Seed
- Tron Foundation — Seed
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- DeFiance Capital — Seed
- Primitive Ventures (https://capitalatlas.ai/funds/primitive-ventures) — Seed
- Magic Ventures (https://capitalatlas.ai/funds/magic-ventures) — Seed
- HashKey Group — Seed
- Circle Ventures — Seed