PowerLoom
Latest round
- Seed
Last raised
- Oct 2021
Total raised
- $3.1M
Investors
- 13
About PowerLoom
PowerLoom, Inc.Founded in 2020 in Brooklyn, US, PowerLoom, Inc. specializes in building data solutions for the Web3 landscape. The company was co-founded by Anomit Ghosh and Swaroop Hegde, who serves as the CEO.Powerloom offers a comprehensive suite of data services designed to empower developers and businesses within the Web3 ecosystem. Its core product, the Powerloom Protocol, enables the creation of configurable, use case-specific data markets. The platform's functionalities include building complex dashboards, smart bots, and insightful trackers, catering to the needs of decentralized finance (DeFi) protocols and smart contracts. The end users include developers and organizations looking to leverage rich data applications, particularly in regions with a burgeoning blockchain and DeFi presence, such as North America, Europe, and parts of Asia.Powerloom generates revenue through partnerships and potential subscription models tailored for developers and businesses. As clients utilize the Powerloom Protocol to integrate data solutions, transactions may occur as clients purchase access to pre-computed APIs and datasets tailored for specific use cases, such as Uniswap V2-related data. This transactional framework enables direct engagement with end-users, who benefit from ready-to-use data points that simplify their development processes. The company is focused on developing new features for the Powerloom Protocol and aims to launch these enhancements in the upcoming months. Additionally, PowerLoom intends to target new geographic markets in Asia and Europe for expansion by the end of 2022, capitalizing on the growing demand for data solutions in the blockchain sector.
Who invested in PowerLoom
13 investors across 1 round
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Funding rounds
Seed
Oct 6, 2021
Amount
$3.1M
Investors
Questions about PowerLoom
Who invested in PowerLoom?
PowerLoom has 13 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 PowerLoom raised?
PowerLoom has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PowerLoom last raise money?
PowerLoom's most recent round on record is a Seed, in Oct 2021.
What does PowerLoom do?
PowerLoom is a software company.
Where is PowerLoom headquartered?
PowerLoom is headquartered in Brooklyn, US.
Which VCs invest in companies like PowerLoom?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at PowerLoom's stage. Their profiles are linked below.
VCs backing software startups at Seed
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