# Saddle Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saddle-finance

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.saddle.finance
- Total disclosed funding: $4.3M
- Latest round: Seed (Jan 19, 2021)
- Investors on record: 8

## About

Saddle Finance is an open-source stableswap platform that provides liquidity solutions for stablecoin trading within the decentralized finance (DeFi) space, enhancing user experience through seamless asset swapping.Founded in 2020, Saddle Finance operates from San Francisco, US. The company is focused on the decentralized finance sector, offering a stableswap protocol for stable asset trading. The founder, Dmitry Gruber, is known for his previous entrepreneurial ventures. Saddle has secured a total of USD 7.5 mn in funding from notable investors, including Electric Capital and Polychain Capital, with the latest deal finalized on November 11, 2021.Saddle Finance is a premier open-source stableswap platform designed for decentralized finance (DeFi), focusing on liquidity solutions for stablecoin trading. Its stableswap protocol enables users to swap stable assets in a trustless environment. The platform features a user-friendly decentralized application (dApp) that simplifies liquidity provision across multiple sidechains and Layer 2 solutions. Saddle supports various stablecoin pools, catering to individual investors, liquidity providers, and DeFi enthusiasts, particularly in North America, Europe, and Asia-Pacific markets. The company promotes community engagement and collaboration with other protocols to foster a thriving ecosystem.Saddle Finance generates revenue primarily through transaction fees incurred from trades on its stableswap platform. Each swap executed results in a fee, which is distributed among liquidity providers to incentivize their participation. The revenue model is built around the trading activities of stablecoin users, including both individual and institutional investors who manage liquidity across different stable assets. The platform’s services are designed to drive a high volume of transactions, ensuring a sustainable revenue stream through ongoing trading activity.In November 2021, Saddle Finance raised USD 7.5 mn in venture funding, co-led by Electric Capital and Polychain Capital, with participation from Nascent and new investor eGirl Capital. The funding is expected to support the development of new products and expansion into targeted markets. Saddle Finance aims to enhance its product offerings and expand its user base within the DeFi ecosystem, focusing on regions with growing demand for stablecoin trading solutions.

## Funding rounds

- Seed, Jan 19, 2021, $4.3M — Polychain Capital, Electric Capital, Coinbase Ventures, Dragonfly Digital Management, Framework Ventures, Divergence Ventures, Alameda Research Ventures, Nascent

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed
- Divergence Ventures (https://capitalatlas.ai/funds/divergence-ventures) — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- Nascent (https://capitalatlas.ai/funds/nascent) — Seed