# Relay Protocol

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

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.docs.relay.link
- Total disclosed funding: $41M
- Latest round: Series B (Jan 29, 2026)
- Investors on record: 13

## About

Relay Protocol formerly known as Reservoir provides an innovative infrastructure facilitating seamless data integration and cross-chain settlement for various sectors, enhancing operational efficiency and decision-making. Based in New South Wales, Australia, and founded in 2021 by CEO Peter Watts and COO Jason Maier, Relay Protocol formerly known as Reservoir, operates as a software company that allows for the release of next-generation NFT products and specializes in technological infrastructure for cross-chain settlement. In January 2026, Relay Protocol raised USD 17 million in series B funding co-lead from Archetype and Union Square Ventures. The company's core offerings focus on technological solutions that improve operational efficiency across sectors. Their flagship product is a comprehensive software platform for data analytics and workflow optimization, used by clients in logistics, healthcare, and finance to manage extensive datasets and enhance operational outcomes. Their customer base spans North America, Europe, and Asia, servicing a diverse range of clients from small businesses to large corporations. Relay Protocol's revenue model primarily relies on subscription-based services, providing clients access to their software through tiered pricing plans. This model ensures recurring revenue while offering clients flexibility to scale usage according to their business needs. Transactions are conducted directly between the firm and clients, encompassing B2B relationships and direct-to-consumer sales. Partnerships with key industry players further amplify their reach and revenue potential, with the flagship software platform playing a critical role in client retention and revenue growth through continuous service enhancements. Looking ahead, Relay Protocol plans to launch Relay Chain, an infrastructure for instant cross-chain settlement, supported by the USD 17.00 mn raised in Series B funding. The company aims to utilize this capital to enhance product offerings and expand into new markets, specifically targeting growth in Europe and Asia by 2027. This strategy is aimed at increasing their market share and improving operational capabilities across diverse sectors.

## Funding rounds

- Series B, Jan 29, 2026, $17M — Union Square Ventures, Archetype
- Series A, Sep 6, 2024, $13M — Union Square Ventures, Sapphire Ventures, Square Peg, Variant, Spaceship Financial Services Pty Ltd, Coinbase Ventures, 1kx Ventures, Framework Ventures, Palm Tree Crew Investments, The LAO, Nascent, Archetype, Delphi Digital
- Seed, Sep 1, 2022, $11M — Square Peg

## Investors

- Square Peg (https://capitalatlas.ai/funds/square-peg) — Seed, Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series A
- Variant (https://capitalatlas.ai/funds/variant) — Series A
- Spaceship Financial Services Pty Ltd — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- Palm Tree Crew Investments (https://capitalatlas.ai/funds/palm-tree-crew-investments) — Series A
- The LAO (https://capitalatlas.ai/funds/the-lao) — Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Series A
- Archetype — Series A, Series B
- Delphi Digital — Series A