# Oneiro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oneiro

- Industry: Financial Services
- Headquarters: Boston, US
- Website: www.oneiro.io
- Total disclosed funding: $8M
- Latest round: Series A (Oct 2, 2019)
- Investors on record: 1

## About

Oneiro Ltd. is a Boston-based company specializing in advanced blockchain solutions, particularly known for ndau, the world's first adaptive digital currency designed for secure value storage.Founded in 2017 and headquartered in Boston, US, Oneiro Ltd. focuses on developing blockchain technology solutions. The company has engaged in 2 deals, with its most recent funding round occurring on October 2, 2019, during which it raised USD 5 mn in a SERIES A round from investor Cosimo Digital. The CEO of Oneiro is Dhesi Ananchaperumal.Oneiro is primarily recognized for its advanced blockchain solutions, with a notable focus on ndau, the world's first adaptive digital currency designed to serve as a long-term store of value. The ndau currency employs a unique mechanism that allows it to adjust to market demands, thereby reducing downside volatility and catering to both individual and institutional investors. Oneiro's services aim to facilitate the transition to a decentralized internet, enabling end users to engage with blockchain technology seamlessly. The company caters to a diverse clientele, including developers, businesses, and financial institutions, across various geographical markets, with a particular emphasis on North America and Europe. By providing robust blockchain infrastructure and tools, Oneiro empowers its customers to implement innovative solutions tailored to their specific needs.The revenue model of Oneiro revolves around the transaction and management of ndau, which involves clients purchasing and trading the currency within a decentralized framework. Business transactions typically occur through a combination of direct-to-consumer sales and partnerships with financial service providers, allowing clients to leverage the currency for both investment and transactional purposes. Customers may engage in transactions through the ndau Wallet, which facilitates secure storage and transfer of the currency. While specific pricing structures are not disclosed, the revenue is generated from transaction fees associated with the buying, selling, and trading of ndau, as well as potential subscription services tied to additional blockchain solutions offered by the company. Overall, the focus remains on providing a comprehensive suite of blockchain services that meet the needs of its clients.In October 2019, Oneiro Ltd. successfully raised USD 5 mn in SERIES A funding from Cosimo Ventures, which will be directed towards the development and launch of new products within the blockchain space. The company aims to expand its reach into European markets by the end of 2023, enhancing its service offerings and exploring additional partnerships with financial institutions to increase the adoption of ndau.

## Funding rounds

- Series A, Oct 2, 2019, $5M — COSIMO Digital
- Seed, Feb 19, 2018, $3M — COSIMO Digital

## Investors

- COSIMO Digital (https://capitalatlas.ai/funds/cosimo-digital) — Seed, Series A