# Neverless Labs, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neverless-labs-s-l

- Industry: Software
- Headquarters: Madrid, Spain
- Website: www.neverless.com/
- Total disclosed funding: $6.7M
- Latest round: Seed (Aug 13, 2024)
- Investors on record: 3

## About

Founded in 2022 and based in Madrid, Spain, Neverless Labs, S.L. is a fintech company that provides an advanced trading platform for cryptocurrencies and cash, offering innovative financial solutions to both institutional and retail investors. In 2024, Neverless raised USD 6,700,000 in a seed funding round co-led by Connect Ventures, Lakestar, Nordstar, and individual investors.

Neverless offers an institutional-grade platform aimed at facilitating the trading and investment of cash and cryptocurrencies. The company provides several core product offerings, including a zero-fee trading platform for over 500 cryptocurrencies, and high-yield savings options with an annual effective return (AER) of up to 2.88%, significantly surpassing traditional banking rates. Additionally, Neverless features its proprietary Strategies ™, designed to emulate hedge fund investments, promising an AER of 11.03%. These products cater to a diverse client base that includes retail investors and institutional clients, seeking to optimize their asset growth while enjoying the flexibility of withdrawals at any time. 

The revenue model of Neverless is driven by transaction-based income generated through its trading platform and investment products. The company structures its transactions to facilitate both direct to consumer sales, where individual investors engage with the platform for trading or earning interest on their crypto holdings, and potential partnerships with institutional clients. 

In August 2024, Neverless raised USD 6.70 mn in a Seed funding round aimed at simplifying cryptocurrency trading with a focus on small-cap tokens and meme coins. The company is developing new products that will enhance its trading capabilities and plans to expand into additional markets within the European Union by the end of 2025. The funding will be allocated to support these initiatives and further strengthen their technological infrastructure to facilitate growth.

## Funding rounds

- Seed, Aug 13, 2024, $6.7M — Lakestar, Connect Ventures, Nordstar

## Investors

- Lakestar (https://capitalatlas.ai/funds/lakestar) — Seed
- Connect Ventures — Seed
- Nordstar (https://capitalatlas.ai/funds/nordstar) — Seed