# Rho Labs

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.rho.trading
- Total disclosed funding: $4M
- Latest round: Seed (Feb 5, 2025)
- Investors on record: 4

## About

Based in London, UK, and founded in 2022, Rho Protocol Labs (UK) Ltd, trading name under Rho Labs operates as a blockchain technology firm that offers cryptocurrency solutions. The company was founded by its CEO, Alex Ryvkin. In November 2023, Rho Labs raised USD 2.2 million in pre-seed funding led by Speedinvest, Keyrock, Re7 Capital, and Daedalus. In February 2025, Rho Labs raised USD 4 million in seed funding led by new investor CoinFund Management, with participation from other new investors Auros Ventures and Flow Traders. Returning investor Speedinvest also participated in the round.


Rho Protocol offers non-custodial on-chain trading solutions and digital asset lending solutions for institutional crypto traders, liquidity providers, professional traders, and service providers. With the help of virtual automatic market maker (vAMM) technology, the company provides a crypto trading infrastructure platform that lets traders exchange rates like staking rewards and perpetual funding rates.

The company plans to use the funds raised in February 2025 to develop its blockchain-based exchange trading platform.

## Funding rounds

- Seed, Feb 5, 2025, $4M — Speedinvest, CoinFund Management, Flow Traders, Auros Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- Flow Traders (https://capitalatlas.ai/funds/flow-traders) — Seed
- Auros Ventures (https://capitalatlas.ai/funds/auros-ventures) — Seed