# Nibiru Chain

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nibiru-chain

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.nibiru.fi
- Total disclosed funding: $16M
- Latest round: Seed (Apr 4, 2023)
- Investors on record: 24

## About

Based in California, US, and founded in 2022 by co-founders Arjun Sethi, Sankha Banerjee, and Boris Revsin, Nibiru Chain operates as a developer of a blockchain platform used for trading using decentralized applications.   In April 2023, Nibiru Chain raised USD 8.5 million in seed funding led by returning investors Republic Capital and Tribe Capital, with participation from new investors NGC Ventures and Original Capital. Other new investors Acacia Digital, Alves Ventures, Basis Set Ventures, BECO Capital, Broadhaven Capital Partners, CapitalX, Cerulean Ventures, Cogitent Ventures, Cosmostation, HashKey Capital, Helikon Investments, Imperatore Travel World, Lecca Group, Meteorcap Ventures, SaxeCap, The Picks & Shovels Co., Token Metrics Advisers, VC3 DAO, and other unspecified investors also participated in the round.

Nibiru Chain offers a sovereign proof-of-stake blockchain, an open-source platform that leveraged derivatives trading, spot trading, staking, and bonded liquidity provision, enabling users of over 40 blockchains to trade with leverage using a suite of composable decentralized applications. The company also creates composable yield in rising/falling regimes using decentralized perps and options.

The company plans to use the seed funding to officially introduce its product, NIBIRU in the market.

## Funding rounds

- Seed, Apr 4, 2023, $8.5M — Broadhaven Capital Partners, BECO Capital, Basis Set, Tribe Capital, HashKey Capital, The Picks & Shovels Co., NGC Ventures, Helikon Investments, Lecca Group, Republic Capital, CapitalX, Original Capital, Token Metrics Advisers, Cosmostation, Imperatore Travel World, Alves Ventures, SaxeCap, Cerulean Ventures, Cogitent Ventures, VC3 DAO, Meteorcap Ventures, Acacia Digital
- Seed, Sep 23, 2022, $7.5M — Tribe Capital, Kraken Ventures, Republic Crypto

## Investors

- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Seed
- Republic Crypto — Seed
- Broadhaven Capital Partners (https://capitalatlas.ai/funds/broadhaven-capital-partners) — Seed
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Seed
- Basis Set (https://capitalatlas.ai/funds/basis-set) — Seed
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- The Picks & Shovels Co. — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- Helikon Investments — Seed
- Lecca Group — Seed
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Seed
- CapitalX (https://capitalatlas.ai/funds/capitalx) — Seed
- Original Capital (https://capitalatlas.ai/funds/original-capital) — Seed
- Token Metrics Advisers — Seed
- Cosmostation — Seed
- Imperatore Travel World — Seed
- Alves Ventures (https://capitalatlas.ai/funds/alves-ventures) — Seed
- SaxeCap (https://capitalatlas.ai/funds/saxecap) — Seed
- Cerulean Ventures (https://capitalatlas.ai/funds/cerulean-ventures) — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed
- VC3 DAO — Seed
- Meteorcap Ventures — Seed
- Acacia Digital — Seed