# Orchid Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orchid-labs

- Industry: Telecoms
- Headquarters: San Francisco, US
- Website: www.orchid.com
- Total disclosed funding: $4.7M
- Latest round: Seed (Oct 26, 2017)
- Investors on record: 9

## About

Founded in 2017 and based in California, US, Orchid Labs, Inc. operates as a developer of open-source software that uses Web 3.0 technology to provide its users with digital privacy and surveillance-free internet. The company was founded by its CTO Jay Freeman, Advisor Gustav Simonsson, CEO Steven Waterhouse and Brian Fox. In April 2018, Orchid Labs, Inc. raised USD 36.13 million in venture funding from returning investors Sequoia Capital, MetaStable Capital, DFJ Growth, and in 2019, Orchid Labs raised a total of USD 43 million in the pre-sale of its OXT token on an offered USD 125 million. As of 2021, the company has offices in the US and Germany.

Orchid Labs operates a mobile application also called Orchid that provides crypto-powered virtual private network services to its user for free. The private network uses a peer-to-peer tokenized bandwidth exchange upon the existing internet to safeguard its user’s data and provides them private internet access. Orchid Labs also offers a native digital asset (cryptocurrency) called ERC-20 for users sharing their bandwidth as an incentive. As of 2021, the total supply of OXT is fixed at one billion units and is traded in various networks such as BRD, Bithumb, and UNISWAP.

## Funding rounds

- Seed, Oct 26, 2017, $4.7M — Hong Shan, Compound Ventures, Andreessen Horowitz, Tuesday Capital, Blockchain Capital, DFJ Growth, Struck Capital, Polychain Capital, MetaStable Capital

## Investors

- Hong Shan — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Seed
- Struck Capital (https://capitalatlas.ai/funds/struck-capital) — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- MetaStable Capital — Seed