# Satstreet

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

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.satstreet.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Aug 7, 2020)
- Investors on record: 1

## About

Satstreet Inc. is a Toronto-based trading desk that specializes in high-quality execution services for digital asset transactions, catering primarily to institutional clients and high-net-worth individuals.Founded in 2019, Satstreet Inc. operates a trading desk focused on the digital asset market. The firm is based in Toronto, Canada, and was established by founders Jon Lister and Michael Nasser. In August 2020, Satstreet raised CAD 0.65 million in Seed funding from Round13 Capital, marking the company's first external investment. The latest funding helps to bolster its operations in the digital trading space.Satstreet Trading Desk specializes in providing high-quality execution services for digital asset trading, specifically catering to transactions ranging from CAD 25,000 to over CAD 100 million. The company’s core offerings include access to a robust digital asset ecosystem through leading sources of liquidity, institutional custody solutions, self-custody options, and tailored native multi-signature wallets. These services are designed to ensure optimal price execution and security for trades of any size, addressing the needs of institutional clients and high-net-worth individuals who require efficient and secure asset management. Satstreet operates primarily in North American markets and offers a mobile application that facilitates user interaction by providing tools for tracking balances, value fluctuations, and comprehensive trade histories, enhancing the overall user experience.Satstreet Trading Desk generates revenue through transaction-based fees associated with the execution of trades within the digital asset market. Clients engage in trading activities involving various transaction sizes, where the firm ensures best-in-class execution and liquidity access. The revenue structure features a model that includes direct-to-consumer services for individual investors and institutional partnerships for larger clients. Pricing is influenced by the size and complexity of transactions, with premium offerings such as institutional custody and advanced security solutions commanding higher service fees. The company emphasizes a streamlined trading experience and comprehensive reporting tools that support its operational framework, fostering long-term client relationships and loyalty within the competitive digital asset sector.In August 2020, Satstreet Inc. raised CAD 0.65 million in Seed funding to support its growth initiatives. The company is focused on developing new products that enhance its digital asset trading capabilities and plans to expand its services further into North American markets. Specific geographic regions targeted for expansion include major financial hubs within Canada and the United States. The recent funding will be utilized to enhance technology infrastructure and improve customer experience through advanced trading tools and analytical features.

## Funding rounds

- Seed, Aug 7, 2020, $0.5M — Round13 Capital

## Investors

- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Seed