# Refractor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/refractor

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.prysm.xyz
- Total disclosed funding: $3M
- Latest round: Seed (Sep 21, 2021)
- Investors on record: 9

## About

Refractor, Inc. is a US-based company specializing in innovative trading solutions for cryptocurrency enthusiasts, facilitating competitive multichain trading and investment management for users across various skill levels.Founded in 2020 and headquartered in San Francisco, US, Refractor, Inc. focuses on creating a platform for multichain trading competitions. The company was established by Thomas Scaria, who also serves as CEO. In September 2021, the firm raised USD 3 million in Seed funding, led by North Island Ventures with participation from various investors, including Alameda Research Ventures and Polychain Capital. This round represents the total amount raised by the company.Refractor, Inc. operates a platform designed for multichain trading competitions, allowing users to compete solo or in teams while tracking their on-chain performance. The primary service offered is the ability to create and manage funds collaboratively with friends or other investors. Users can generate investment returns through trading high-performing tokens, with the opportunity to earn 20% of profits while maintaining full control over their public persona within the platform. The platform’s user base extends across North America, Europe, and Asia, connecting individuals seeking to capitalize on early-stage token performances before they reach major exchanges.Refractor, Inc.'s revenue is generated through a commission structure based on trading activity and fund management on its platform. Users are incentivized to invite others to join, leading to commissions from transaction fees. The firm retains 50% of the fees generated from referred users, creating a recurring revenue model as long as these users remain active. Monthly trading competitions with prize pools exceeding USD 10,000 enhance user engagement and transaction volume, contributing to overall revenue generation.In September 2021, Refractor, Inc. raised USD 3 million in Seed funding to assemble its core team, launch its public beta, and foster a community. The company plans to introduce new features and enhancements to its platform to broaden its appeal and functionality. Additionally, Refractor aims to expand into new geographic markets, targeting regions such as Asia and Europe by the end of 2023.

## Funding rounds

- Seed, Sep 21, 2021, $3M — Polychain Capital, Reciprocal Ventures, Infinite Capital, CMT Digital, Lemniscap, North Island Ventures, Alameda Research Ventures, Flow Ventures, Drops Foundation
- Seed, Jul 31, 2020 — Polychain Capital

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Reciprocal Ventures (https://capitalatlas.ai/funds/reciprocal-ventures) — Seed
- Infinite Capital (https://capitalatlas.ai/funds/infinite-capital) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed
- Lemniscap — Seed
- North Island Ventures (https://capitalatlas.ai/funds/north-island-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- Flow Ventures — Seed
- Drops Foundation — Seed