# Polka Dot Studio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polka-dot-studio

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.polkadotstudio.net
- Total disclosed funding: $0.7M
- Latest round: Seed (Jan 17, 2018)
- Investors on record: 5

## About

Polka Dot Studio Oy is a Helsinki-based company specializing in blockchain solutions that enhance interoperability and scalability for decentralized applications, targeting developers and enterprises. Their innovative offerings simplify complex blockchain processes.Founded in 2017 in Helsinki, Finland, Polka Dot Studio Oy focuses on developing decentralized web solutions. The company raised USD 0.65 mn in a Seed funding round on January 17, 2018, led by investor Peter Vesterbacka, with participation from several notable investors including Mavaconsult and Tekes Venture Capital. They have completed a total of 2 deals, underscoring their commitment to advancing the blockchain landscape.Polkadot Studio specializes in providing innovative blockchain solutions designed to enhance interoperability and scalability within the decentralized web. Their core offerings include a suite of development tools and frameworks that enable developers to create and deploy custom parachains and decentralized applications (dApps) on the Polkadot network. These products aim to simplify the complex processes associated with blockchain development, addressing challenges such as cross-chain communication and resource allocation. The target customers consist of blockchain developers, enterprises exploring decentralized technologies, and organizations seeking to leverage the benefits of the Polkadot ecosystem. Geographically, Polkadot Studio serves a global market, with clientele spanning North America, Europe, and Asia, reflecting the widespread adoption of blockchain technology across various industries.The revenue model for Polkadot Studio primarily revolves around partnerships and service agreements with businesses seeking to utilize their blockchain infrastructure. The company's revenue for the most recent year, 2019, was USD 56,348.10, with an EBITDA of USD -567,461.40. Transactions typically occur through project-based contracts where clients engage the studio for tailored solutions, consulting services, and ongoing support. This structure may include fees for development services, maintenance subscriptions, and access to proprietary tools. Specific pricing plans vary based on the complexity and scale of the projects, ensuring flexibility for both small startups and larger enterprises. Notably, flagship products related to their development offerings are pivotal in driving revenue through direct engagements with clients involved in the blockchain space.Polka Dot Studio plans to leverage recent funding to develop new products aimed at enhancing their blockchain offerings. With USD 0.65 mn raised in Seed funding, the company intends to expand its suite of development tools and frameworks. They are also targeting expansion into new markets, specifically focusing on increasing their footprint in North America and Asia by 2023. This expansion is aimed at capitalizing on the growing demand for blockchain solutions in these regions, further supported by the investment received to enhance their operational capabilities.

## Funding rounds

- Seed, Jan 17, 2018, $0.7M — Tekes Venture Capital, Nutshell Invest OU, Siena Holding OU, Mavaconsult, Partner Up Finland

## Investors

- Tekes Venture Capital — Seed
- Nutshell Invest OU — Seed
- Siena Holding OU (https://capitalatlas.ai/funds/siena-holding-ou) — Seed
- Mavaconsult — Seed
- Partner Up Finland — Seed