# Neptune Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neptune-protocol

- Industry: Financial Services
- Headquarters: US
- Website: testnet.neptuneprotocol.xyz
- Total disclosed funding: $3.9M
- Latest round: Seed (Dec 10, 2024)
- Investors on record: 12

## About

Based in the US and founded by co-founders David Mass and Meir Bank, Neptune Protocol operates as a cryptocurrency borrowing platform designed for blockchain ecosystems like Ethereum, enabling users to obtain liquidity without liquidating their assets. In December 2024, Neptune Protocol raised USD 3.9 million in seed funding from Bloccelerate VC, CMS Holdings, LLC, Veil Capital, Builder Capital, Infinity Venture, Relayer Capital Management, Optic Capital, Stake Capital, Wise3 Ventures, RockTree Capital, Maelstrom, and Animoca Ventures.

Neptune Protocol offers a range of blockchain-based services with a focus on decentralized finance applications, allowing users to manage assets through smart contracts. The company’s services provide support to individual investors, financial institutions, and enterprises, providing solutions for secure lending, asset management, and transaction processing. As of 2024, the firm serves in various markets such as North America and Europe.

The company plans to use the funding from December 2024 to support the launch of USDN, the native stablecoin of Eclipse, a modular blockchain powered by the Solana Virtual Machine (SVM).

## Funding rounds

- Seed, Dec 10, 2024, $3.9M — Infinity Venture, Bloccelerate VC, CMS Holdings, LLC, RockTree Capital, Stake Capital, Maelstrom, Veil Capital, Optic Capital, Animoca Ventures, Relayer Capital Management, Builder Capital, Wise3 Ventures

## Investors

- Infinity Venture (https://capitalatlas.ai/funds/infinity-venture) — Seed
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- RockTree Capital — Seed
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Seed
- Maelstrom (https://capitalatlas.ai/funds/maelstrom) — Seed
- Veil Capital — Seed
- Optic Capital (https://capitalatlas.ai/funds/optic-capital) — Seed
- Animoca Ventures (https://capitalatlas.ai/funds/animoca-ventures) — Seed
- Relayer Capital Management (https://capitalatlas.ai/funds/relayer-capital-management) — Seed
- Builder Capital (https://capitalatlas.ai/funds/builder-capital) — Seed
- Wise3 Ventures (https://capitalatlas.ai/funds/wise3-ventures) — Seed