# Router Protocol

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.routerprotocol.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Dec 10, 2021)
- Investors on record: 10

## About

Router Protocol is a blockchain-focused company that enables seamless cross-chain interactions and transactions through its innovative Router Chain and Router Nitro technology, facilitating decentralized applications across diverse blockchain ecosystems.Founded in 2021, Router Protocol operates out of Singapore, specializing in cross-chain blockchain solutions. The company was established by Chandan Choudhury, with Ramani Ramachandran serving as CEO. In its early stages, Router Protocol secured venture funding in December 2021, raising USD 4.1 mn in a Series A round led by notable investors including Coinbase Ventures and Alameda Research. This funding has provided the company with the resources to develop its offerings further and expand its market presence.Router Protocol's core offerings consist of a Layer-1 blockchain, Router Chain, which enables chain abstraction by providing a state engine capable of reading and modifying states across multiple blockchains. The platform supports an ultra-low latency bridge, Router Nitro, that facilitates cross-chain swaps on over 30 different blockchains, enhancing the functionality of decentralized applications (dApps). Additionally, Router Intent Adapter Store provides a plug-and-play infrastructure that simplifies the integration of cross-chain capabilities for developers. By catering to various use cases such as cross-chain asset transfers, customizable dApps, omnichain tokens, and cross-chain airdrop aggregators, Router Protocol seeks to streamline interactions between diverse blockchain ecosystems. The company primarily targets developers and businesses operating in the blockchain and cryptocurrency sectors across global markets, including North America, Europe, and Asia.The revenue model for Router Protocol is primarily derived from transactional fees associated with the use of its various blockchain services, including the Router Chain and Router Nitro bridge. Users, such as developers and businesses, engage with the platform to facilitate cross-chain transactions, custom dApp development, and asset transfers, generating revenue through transaction fees applied per swap or deployment. The platform also offers governance and delegation services via Router Hub, which may entail additional fees for participating users. Revenue is further supported through partnerships and collaborations with various ecosystem projects, potentially leading to subscription-based or tiered service models. The flagship services, including Router Chain and Router Nitro, serve as key revenue streams by enabling a seamless and efficient user experience in cross-chain operations.Following the Series A funding round in December 2021, Router Protocol plans to utilize the USD 4.1 mn raised to enhance its platform development and scale marketing efforts. The company is focused on launching new products aimed at improving cross-chain capabilities, with specific enhancements to Router Nitro expected to be rolled out in 2023. Additionally, Router Protocol is looking to expand its services into new geographic regions, particularly targeting markets in Europe and Asia by the end of 2024. This strategic growth plan aims to strengthen its position within the blockchain ecosystem and cater to an increasing demand for seamless cross-chain operations.

## Funding rounds

- Series A, Dec 10, 2021, $4.1M — Polygon International AB, Coinbase Ventures, QCP Capital, Woodstock, Wintermute Trading Ltd, Alameda Research Ventures, Shima Capital, DeFi Capital, Mapleblock Capital, TeraSurge Capital

## Investors

- Polygon International AB — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Series A
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Series A
- Wintermute Trading Ltd — Series A
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Series A
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Series A
- DeFi Capital — Series A
- Mapleblock Capital (https://capitalatlas.ai/funds/mapleblock-capital) — Series A
- TeraSurge Capital (https://capitalatlas.ai/funds/terasurge-capital) — Series A