Open Oracle Association
Latest round
- Seed
Last raised
- May 2021
Total raised
- $10M
Investors
- 8
About Open Oracle Association
Open Oracle Association specializes in innovative oracle technology that connects diverse data sources seamlessly within blockchain ecosystems.Open Oracle Association was founded in 2020 and is headquartered in Zug, Switzerland. The company focuses on providing oracle services that enhance blockchain interoperability. The founders, Jascha Samadi and Peter M, have backgrounds in technology and business.Open Oracle Association's principal offerings include their advanced oracle programs that allow users to access a variety of data sources within minutes. Their flagship product, the SEDA Interoperability Verification Module (IVM), ensures secure verification for bridges and chain abstractions, facilitating data flow across different blockchain environments. This platform enables users to establish custom data feeds instantly, integrating both public and private data types from the outset.Open Oracle Association operates on a transactional revenue model, focusing on integrations and service subscriptions related to its oracle offerings. Revenue is generated through subscription fees for ongoing access to verification services and customized data feeds.3 mn, the company intends to utilize these funds to build DeFi infrastructure on the NEAR blockchain. This initiative is part of their strategy to expand their product offerings and enhance their technological capabilities. The firm is also exploring entry into additional markets, particularly targeting the growing demand in Asia and Europe for blockchain interoperability solutions. By focusing on these regions, the company aims to bolster its presence and service delivery in the global blockchain landscape.
Who invested in Open Oracle Association
8 investors across 1 round
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Funding rounds
Seed
May 20, 2021
Amount
$10M
Investors
Questions about Open Oracle Association
Who invested in Open Oracle Association?
Open Oracle Association has 8 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Open Oracle Association raised?
Open Oracle Association has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Open Oracle Association last raise money?
Open Oracle Association's most recent round on record is a Seed, in May 2021.
What does Open Oracle Association do?
Open Oracle Association specializes in innovative oracle technology that connects diverse data sources seamlessly within blockchain ecosystems.
Where is Open Oracle Association headquartered?
Open Oracle Association is headquartered in Zug, Switzerland.
Which VCs invest in companies like Open Oracle Association?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Open Oracle Association's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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