# Primex Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/primex-finance

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.primex.finance
- Total disclosed funding: $5.7M
- Latest round: Seed (Dec 23, 2021)
- Investors on record: 12

## About

Primex Finance is a decentralized finance company offering a non-custodial prime brokerage protocol that automates trading on decentralized exchanges, enhancing user experiences through streamlined operations without interface fees.Founded in 2021 and headquartered in Tallinn, Estonia, Primex Finance focuses on decentralized trading solutions. The company has received Seed funding of USD 5.7 mn in December 2021 from investors including CoinFund Management and Stratos Technologies. The CEO, Oshin Harootoonian, leads the firm, which has executed one total deal as of 2021-12-23.Primex Finance provides a non-custodial prime brokerage protocol that allows for decentralized trading on decentralized exchanges (DEXs), featuring centralized exchange (CEX)-like automation. Users can trade without incurring interface fees on swaps, while the platform's offerings include yield farming capabilities and access to a wide range of tokens, primarily targeting markets in North America and Europe.In the most recent year, 2024, Primex Finance reported a revenue of USD 144,885.20 with an EBITDA of USD 4,771.50, deriving income mainly from transaction fees linked to its brokerage services.The USD 5.7 mn raised in Seed funding in December 2021 is allocated for advancing product development ahead of the anticipated V1 launch set for 2022. Primex Finance aims to expand its offerings and enhance its market reach, specifically targeting growth in North America and Europe.

## Funding rounds

- Seed, Dec 23, 2021, $5.7M — GoldenTree Asset Management, Stratos Technologies, LedgerPrime, GSR, Wintermute Trading Ltd, Hypersphere Ventures, CoinFund Management, Morningstar Ventures, Mask Network, ZBS Capital, Mapleblock Capital, Peech Capital

## Investors

- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Seed
- Stratos Technologies — Seed
- LedgerPrime — Seed
- GSR — Seed
- Wintermute Trading Ltd — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- Mask Network — Seed
- ZBS Capital (https://capitalatlas.ai/funds/zbs-capital) — Seed
- Mapleblock Capital (https://capitalatlas.ai/funds/mapleblock-capital) — Seed
- Peech Capital (https://capitalatlas.ai/funds/peech-capital) — Seed