# Rye

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rye

- Industry: Software
- Headquarters: San Jose, US
- Website: www.rye.com
- Total disclosed funding: $16M
- Latest round: Seed (Jun 17, 2022)
- Investors on record: 6

## About

Based in California, US, and founded in 2021, Operator Labs Worldwide, Inc., doing business as Rye, operates as a software development company. The company was founded by its CEO Arjun Bhargava, CTO Saurabh Sharma, Jamie Quint, Justin Kan, Tikhon Bernstam, and Robin Chan. In October 2022, Rye Store Builder raised USD 14 million in venture funding led by Andreessen Horowitz, Electric Ant Lab B.V., Electric Feel Management, and Goat Capital.

Rye develops and provides developer tools and APIs that are utilized by customers, merchants, and developers. The company uses its software to build the foundation of various online marketplaces, including Amazon, Walmart, and Shopify. Through the company’s platform, customers earn rewards on any transaction, including USDC cash-back rewards, NFT drops, and coupons. It offers multiple features, including integrated checkout and inventory management.

The company plans to use the funds raised in October 2022 to develop product and engineering teams and to start decentralizing its infrastructure.

## Funding rounds

- Seed, Jun 17, 2022, $16M — L Catterton, Andreessen Horowitz, Goat Capital, Electric Feel Management, Solana Ventures, Electric Ant Lab B.V.

## Investors

- L Catterton (https://capitalatlas.ai/funds/l-catterton) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Goat Capital (https://capitalatlas.ai/funds/goat-capital) — Seed
- Electric Feel Management (https://capitalatlas.ai/funds/electric-feel-management) — Seed
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Seed
- Electric Ant Lab B.V. — Seed