# Ren Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ren-labs

- Industry: Software
- Headquarters: Canberra, Australia
- Website: www.labs.renproject.io
- Total disclosed funding: $7.5M
- Latest round: Seed (Feb 23, 2022)
- Investors on record: 12

## About

Based in Canberra, Australia, and founded in 2016 by its CEO, Susruth Nadimpalli, and co-founder, Jaz Gulati. Ren Labs operates as a multi-chain technology company that provides decentralised finance applications. In February 2021, Ren Labs raised USD 7.5 million in seed funding led by new investor Amber Group, with participation from Alameda Research Ventures, Bixin Ventures, and ROK Capital. As of March 2022, the company has a network of more than 1,500 node operators and is bringing more than 7.6 billion of previously untapped liquidity to DeFi.

Ren Labs offers RenVM, a decentralised virtual machine protocol that enables the movement of value between blockchains and brings interoperability to DeFi; and Catalog, a cross-chain automated market-making built on the protocol using the boundless liquidity mechanism, allowing users from various blockchains to trade against various assets. The company also promotes research and development initiatives to expand the Ren ecosystem and the broader blockchain space. 

The company will use the seed funding to advance the development of Catalog, a new AMM, and the application to be built on the forthcoming Ren blockchain.

## Funding rounds

- Seed, Feb 23, 2022, $7.5M — Multicoin Capital, BlockTower Capital, Cumberland VC, Amber Group, LedgerPrime, Bixin Ventures, Alameda Research Ventures, GBV Capital, Petrock Capital, Fisher8 Capital, ROK Capital, Chiron

## Investors

- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed
- BlockTower Capital (https://capitalatlas.ai/funds/blocktower-capital) — Seed
- Cumberland VC (https://capitalatlas.ai/funds/cumberland-vc) — Seed
- Amber Group — Seed
- LedgerPrime — Seed
- Bixin Ventures (https://capitalatlas.ai/funds/bixin-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- Petrock Capital (https://capitalatlas.ai/funds/petrock-capital) — Seed
- Fisher8 Capital (https://capitalatlas.ai/funds/fisher8-capital) — Seed
- ROK Capital — Seed
- Chiron (https://capitalatlas.ai/funds/chiron) — Seed