# Octopus Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/octopus-network

- Industry: Financial Services
- Headquarters: Seychelles
- Website: www.oct.network
- Total disclosed funding: $5M
- Latest round: Series A (Aug 31, 2021)
- Investors on record: 30

## About

Octopus Network, based in Seychelles, delivers innovative technology solutions that enhance connectivity within digital ecosystems, focusing on decentralized applications and blockchain technology.Founded in 2019, Octopus Network operates a decentralized network framework that provides tools for developers and enterprises to create and manage decentralized applications (dApps). The firm is headquartered in Seychelles and has executed 1 deal as of August 31, 2021, when they raised USD 5.000 mn in a Series A funding round co-led by various investors including Aussie Capital and Digital Currency Group. The CEO, Louis Liu, has a history in the tech industry, although further details about his prior ventures are not provided.Octopus Network 2.0 offers advanced technology solutions designed for seamless connectivity within diverse digital ecosystems. Their key products include a decentralized network framework and a suite of APIs, primarily targeting developers and enterprises seeking operational efficiency through blockchain technology. Use cases for their offerings include supply chain transparency and secure financial transactions, servicing clients across North America, Europe, and parts of Asia in industries like finance, logistics, and healthcare.Octopus Network 2.0 generates revenue through a combination of subscription-based services and transactional fees associated with their dApps and network usage. Clients engage via annual subscription plans that provide access to the network and APIs. Additionally, the company charges fees based on transaction volumes processed through its platform, aligning its revenue model with client success. Customizable dApp development tools are key revenue drivers, supporting both B2B and direct-to-consumer relationships.Following their Series A funding round in August 2021, where they raised USD 5.000 mn, Octopus Network plans to utilize these funds to accelerate growth and expand operations. The company is actively designing new products aimed at enhancing their service offerings, while also targeting specific markets in Asia and Europe for geographical expansion. These initiatives are expected to enhance their market presence and leverage the increasing demand for decentralized solutions.

## Funding rounds

- Series A, Aug 31, 2021, $5M — Digital Currency Group, Meridian Capital, Youbi Capital, Continue Capital, Move Capital, Bigcoin Capital, Jubi Labs, Megala Ventures, Gate Technology Incorporated, GFS Ventures, Vestigium, Autonomy Capital, Long Crypto Group, Bluehelix, Finance Ventures, GTA Ventures, Gains Associates, Aussie Capital, K300 Ventures, Mayor Capital, NetZero Capital, ELEVATE, Chainridge, VIC Group, Jigsaw, OIG Ventures, Westorm, Decentralized Bio Network, Myriad Social, Discovol

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Meridian Capital — Series A
- Youbi Capital (https://capitalatlas.ai/funds/youbi-capital) — Series A
- Continue Capital (https://capitalatlas.ai/funds/continue-capital) — Series A
- Move Capital (https://capitalatlas.ai/funds/move-capital) — Series A
- Bigcoin Capital (https://capitalatlas.ai/funds/bigcoin-capital) — Series A
- Jubi Labs — Series A
- Megala Ventures (https://capitalatlas.ai/funds/megala-ventures) — Series A
- Gate Technology Incorporated — Series A
- GFS Ventures (https://capitalatlas.ai/funds/gfs-ventures) — Series A
- Vestigium (https://capitalatlas.ai/funds/vestigium) — Series A
- Autonomy Capital (https://capitalatlas.ai/funds/autonomy-capital) — Series A
- Long Crypto Group (https://capitalatlas.ai/funds/long-crypto-group) — Series A
- Bluehelix — Series A
- Finance Ventures — Series A
- GTA Ventures (https://capitalatlas.ai/funds/gta-ventures) — Series A
- Gains Associates (https://capitalatlas.ai/funds/gains-associates) — Series A
- Aussie Capital — Series A
- K300 Ventures (https://capitalatlas.ai/funds/k300-ventures) — Series A
- Mayor Capital — Series A
- NetZero Capital (https://capitalatlas.ai/funds/netzero-capital) — Series A
- ELEVATE (https://capitalatlas.ai/funds/elevate) — Series A
- Chainridge (https://capitalatlas.ai/funds/chainridge) — Series A
- VIC Group — Series A
- Jigsaw — Series A
- OIG Ventures — Series A
- Westorm — Series A
- Decentralized Bio Network — Series A
- Myriad Social — Series A
- Discovol — Series A