# Royal Market

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/royal-market

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.royal.io
- Total disclosed funding: $66M
- Latest round: Series A (Nov 10, 2021)
- Investors on record: 8

## About

Royal Market Inc. is a digital asset management company specializing in blockchain solutions, providing a range of products for secure cryptocurrency trading and transactions.Founded in 2021 and headquartered in Austin, US, Royal Market Inc. focuses on enhancing digital asset management. The firm has secured significant funding, raising USD 52.010 mn in Series A on November 10, 2021, led by Andreessen Horowitz, alongside Coinbase Ventures and others. The CEO, Justin Blau, brings a robust background in technology and entrepreneurship, contributing to the company's innovative approach.Royal.io offers a suite of innovative products designed to enhance digital asset management and facilitate seamless transactions within the blockchain ecosystem. Their core product enables users to secure, exchange, and utilize various cryptocurrencies and tokens. The user-friendly platform promotes efficient trading and investment strategies for both institutional and retail investors, primarily serving customers in North America and Europe, including individual investors and financial institutions.Royal.io generates revenue through subscription services and transactional fees from asset trading on its platform. Clients subscribe to various service tiers that provide tailored features and analytics tools. Additionally, every transaction incurs a fee contributing to the overall revenue stream, while the flagship product fosters partnerships with financial institutions for broader market reach.In November 2021, Royal Market Inc. raised USD 52.010 mn in Series A funding, led by Andreessen Horowitz and supported by other investors. The funding will be allocated to invest in the growth of its ecosystem. The company aims to expand its product offerings and enhance its platform capabilities, with plans to enter new markets within North America and Europe by 2023. Specific product launches are currently in the design phase, targeting advancements in user experience and transaction efficiency.

## Funding rounds

- Series A, Nov 10, 2021, $52M — Founders Fund, Andreessen Horowitz, Connect Ventures, Coinbase Ventures, Paradigm, The Chainsmokers, Crush Music Media Management, Inc.
- Seed, Aug 25, 2021, $14M — Founders Fund, Atomic Management, Paradigm

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A
- Atomic Management (https://capitalatlas.ai/funds/atomic-management) — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Seed, Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- Connect Ventures — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- The Chainsmokers — Series A
- Crush Music Media Management, Inc. — Series A