PoolTogether
Latest round
- Seed
Last raised
- Oct 2020
Total raised
- $2M
Investors
- 7
About PoolTogether
Founded in 2019 and headquartered in New York, US, PoolTogether LLC operates a unique decentralized savings platform that allows participants to save without the risk of loss.PoolTogether is a decentralized savings protocol designed to facilitate prize-based savings, allowing users to deposit funds for a chance to win prizes while earning yield on their deposits. The platform operates on a no-loss model, meaning participants can withdraw their deposits at any time without incurring losses. Launched to promote financial accessibility, PoolTogether serves a diverse client base of over 136,000 unique wallets, primarily targeting individuals who are interested in saving money while also having the opportunity to win prizes.PoolTogether generates revenue through the mechanics of its deposit and prize system, leveraging the interest accrued from user deposits to fund the prizes offered. Users deposit their digital assets, which are then pooled together to earn yield from various lending protocols, creating a prize fund that incentivizes saving. The financial structure of the platform emphasizes direct-to-consumer transactions, where individuals participate without intermediaries. The model operates on a no-fee basis, allowing users to withdraw their funds at any time, thereby enhancing user engagement and retention within the protocol's ecosystem. The company is focused on launching new products aimed at enhancing user engagement and expanding its market presence. Plans include targeting additional geographic regions, which are currently being evaluated for future expansion.
Who invested in PoolTogether
7 investors across 2 rounds
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Questions about PoolTogether
Who invested in PoolTogether?
PoolTogether has 7 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 PoolTogether raised?
PoolTogether has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did PoolTogether last raise money?
PoolTogether's most recent round on record is a Seed, in Oct 2020.
What does PoolTogether do?
Founded in 2019 and headquartered in New York, US, PoolTogether LLC operates a unique decentralized savings platform that allows participants to save without the risk of loss.
Where is PoolTogether headquartered?
PoolTogether is headquartered in New York, US.
Which VCs invest in companies like PoolTogether?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at PoolTogether's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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