Opyn
Latest round
- Series A
Last raised
- Feb 2021
Total raised
- $8.9M
Investors
- 8
About Opyn
Based in the US, Opyn Inc.Founded in 2019 and headquartered in San Francisco, US, Opyn Inc. specializes in decentralized trading products.Opyn Markets offers a suite of innovative decentralized finance (DeFi) products centered around perpetual contracts, known as perps, which are designed for a diverse array of assets. Their core product is an automated perpetual market-making vault that earns fees from all trades executed on their platform. This service allows users to engage in linear, stable, and option-like perps, enhancing capital efficiency akin to traditional finance (TradFi). Users can utilize on-chain portfolio margin for each market, which integrates margin across perps, collateral assets, vaults, and Uniswap liquidity pools.Opyn Markets generates revenue through transaction fees incurred when users engage with its perpetual market-making vaults and execute trades on the platform. Users pay fees each time they interact with the automated market-making features, thereby contributing to the overall revenue stream. The company’s fee structure is designed to be competitive within the DeFi space, promoting widespread adoption and usage among crypto traders.In February 2021, Opyn Inc. The company aims to enhance its product offerings and expand into new markets, specifically targeting regions such as North America and Europe. As Mr. Zubin Koticha remains CEO, strategic initiatives are set to drive growth and innovation in their DeFi solutions.
Who invested in Opyn
8 investors across 2 rounds
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Questions about Opyn
Who invested in Opyn?
Opyn has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Opyn raised?
Opyn has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Opyn last raise money?
Opyn's most recent round on record is a Series A, in Feb 2021.
What does Opyn do?
Opyn is a financial services company.
Where is Opyn headquartered?
Opyn is headquartered in San Francisco, US.
Which VCs invest in companies like Opyn?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Opyn's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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