# Redux Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redux-protocol

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.reduxprotocol.io
- Total disclosed funding: $0.8M
- Latest round: Seed (Sep 22, 2021)
- Investors on record: 6

## About

Redux Protocol, formerly recognized as Libre DeFi, functions as a Web3 accelerator and incubator within the Ethereum ecosystem. This platform is cross-chain and extends its services to the Binance Smart Chain, Polygon Network, and Avalanche Network. The company was founded by Julian Vasil (CEO) and Josh Davis. In September 2021, Redux Protocol raised USD 800,000 in seed funding from new investors Marshland Group, Magnus Capital, Moonrock Capital, Ghaf Capital Partners, CinchBlock, and Raptor Capital. 

The company serves as a DeFi hub for both experienced cryptocurrency users and newcomers. They aim to deliver an onboarding process and offer high-yield farming options through features like liquidity claw, single-asset entry, and automated farming protocols. Furthermore, customers have the option to use cryptocurrency to purchase real-world products and a diverse selection of gift cards. As of 2023, Redux Protocol operates on Ethereum and plans to conduct IDOs (initial DEX offerings) across various blockchain networks, including Ethereum, Avalanche, Binance Smart Chain, Polygon, Optimism, Arbitrum, and Solana.

## Funding rounds

- Seed, Sep 22, 2021, $0.8M — Moonrock Capital, Magnus Capital, CinchBlock, Marshland Group, Ghaf Capital Partners, Raptor Capital

## Investors

- Moonrock Capital (https://capitalatlas.ai/funds/moonrock-capital) — Seed
- Magnus Capital (https://capitalatlas.ai/funds/magnus-capital) — Seed
- CinchBlock — Seed
- Marshland Group (https://capitalatlas.ai/funds/marshland-group) — Seed
- Ghaf Capital Partners (https://capitalatlas.ai/funds/ghaf-capital-partners) — Seed
- Raptor Capital (https://capitalatlas.ai/funds/raptor-capital) — Seed