# Reef Finance

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

- Industry: Software
- Headquarters: London, UK
- Website: www.reef.io
- Total disclosed funding: $3.9M
- Latest round: Seed (Sep 9, 2020)
- Investors on record: 8

## About

Based in the UK, and founded in 2019, Reef Finance LLC operates a decentralized finance platform called Reef Chain. In 2020, the company raised USD 3.9 million in a seed funding round from investors NGC Ventures, AU21 Capital, QCP Capital, Kenetic Capital, and Woodstock Fund. The company launched its product Reef Chain, a substrate-based blockchain platform for developing decentralized finance applications in 2021. As of 2021, the company is led by Denko Mancheski, its CEO.

Reef Finance operates an Ethereum virtual machine compliant blockchain platform called Reef Chain, for designing and supporting decentralized finance apps, non-fungible tokens, and blockchain-based gaming services. Developers can use the company's services to quickly construct applications by migrating their existing code from Ethereum to the Reef Chain platform without having to change their solidity code. Through its artificial intelligence-driven tailored platform, Reef Yield Engine, the company also offers a variety of decentralized finance products and services ranging from smart lending and borrowing to staking and mining.

## Funding rounds

- Seed, Sep 9, 2020, $3.9M — Kenetic Capital, NEO Global Capital, NGC Ventures, QCP Capital, Woodstock, TRGC, AU21 Capital, GBV Capital

## Investors

- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- NEO Global Capital — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- TRGC (https://capitalatlas.ai/funds/trgc) — Seed
- AU21 Capital (https://capitalatlas.ai/funds/au21-capital) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed