# Notabene

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/notabene-2

- Industry: Financial Services
- Headquarters: Brooklyn, US
- Website: www.notabene.id
- Total disclosed funding: $26M
- Latest round: Series B (Nov 12, 2024)
- Investors on record: 20

## About

Notabene, Inc., based in the US, specializes in compliance solutions for Virtual Asset Service Providers, focusing on meeting regulatory obligations through innovative technology.Founded in 2020 in Brooklyn, US, Notabene provides compliance tools for cryptocurrency transactions. The company has successfully raised funding through 5 deals, with the most recent being a Series B round of USD 14.5 mn led by DRW Venture Capital on November 12, 2024. The CEO is Pelle Brændgaard, and the founder is Ania Lipinska. Notabene has not undergone any known pivots since its inception.Notabene specializes in providing a comprehensive suite of tools centered on compliance with the Travel Rule, an essential requirement for Virtual Asset Service Providers (VASPs) as outlined by the Financial Action Task Force (FATF). Their core offerings include the SafeTransact platform, which facilitates secure and compliant transaction processing by automating real-time decision-making, screening counterparties, and verifying self-hosted wallets. The platform also encompasses the TRNow solution, enabling VASPs to exchange and manage required personally identifiable information (PII) securely and privately. Notabene's solutions are designed to meet the needs of financial institutions and VASPs across multiple jurisdictions, including North America, Europe, and Asia. The company has established a robust client base, serving over 1,500 VASPs and financial entities globally, which rely on Notabene's technology to enhance their compliance capabilities and mitigate risks associated with cryptocurrency transactions.Notabene operates on a multifaceted revenue model, primarily driven by subscriptions for its compliance solutions and services. Clients engage with the company through various pricing plans, including the Rise plan, which offers initial access to the platform for free, allowing users to send transactions up to USD 10,000 monthly. Companies can scale their engagement by subscribing to additional tiers that provide enhanced support and features, such as advanced risk management tools and data analytics capabilities. The structure encourages partnerships with VASPs and financial institutions that seek to meet regulatory requirements efficiently. Notabene's revenue generation is closely tied to the transactional volume processed through its platform, ensuring that as the digital asset market expands and compliance needs grow, their services remain crucial for maintaining regulatory adherence.In November 2024, Notabene Inc. raised USD 14.5 mn in Series B funding, led by new investor DRW Ventures, with participation from other new investors such as NextBlock Global, F-Prime Capital, ParaFi Capital, and Wintermute Ventures. The company plans to utilize this funding to accelerate its mission of integrating cryptocurrency transactions into everyday life. Notabene is focusing on expanding its product offerings, with upcoming tools designed for enhanced compliance functionalities anticipated for release in 2025. Additionally, the company aims to penetrate new geographic markets, particularly targeting regions in Asia and Europe by the end of 2025.

## Funding rounds

- Series B, Nov 12, 2024, $15M — F-Prime Capital, Y Combinator, Jump Capital, Green Visor Capital, Illuminate Financial, DRW Venture Capital, NextBlock Global, CMT Digital, Signature Ventures, Wintermute Ventures, ParaFi Capital
- Series A, Aug 12, 2021, $9.3M — F-Prime Capital, Jump Capital, Green Visor Capital, Luno Pte. Ltd., Illuminate Financial, Fenbushi Capital, Gaingels, Bitso, S.A.P.I. de C.V., BlockFi, Inc., Castle Island Ventures, CMT Digital, Signature Ventures, Gemini
- Seed, Nov 24, 2020, $1.8M — Dialectica, Green Visor Capital, Lynett Capital, Castle Island Ventures

## Investors

- Dialectica — Seed
- Green Visor Capital (https://capitalatlas.ai/funds/green-visor-capital) — Seed, Series A, Series B
- Lynett Capital (https://capitalatlas.ai/funds/lynett-capital) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed, Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A, Series B
- Luno Pte. Ltd. — Series A
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series A, Series B
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Bitso, S.A.P.I. de C.V. — Series A
- BlockFi, Inc. — Series A
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A, Series B
- Signature Ventures (https://capitalatlas.ai/funds/signature-ventures) — Series A, Series B
- Gemini (https://capitalatlas.ai/funds/gemini) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series B
- NextBlock Global — Series B
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Series B
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series B