# Solidus Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solidus-labs

- Industry: Software
- Headquarters: New York, US
- Website: www.soliduslabs.com
- Total disclosed funding: $63M
- Latest round: Series B (Jan 20, 2022)
- Investors on record: 7

## About

Solidus Labs, Inc. delivers innovative compliance and trade surveillance solutions specifically designed for the cryptocurrency market, enhancing market integrity and adherence to regulations through their advanced technology.Founded in 2017 and headquartered in New York, US, Solidus Labs focuses on providing compliance and trade surveillance solutions tailored to the cryptocurrency sector. The company was founded by Chen Arad and Praveen Dosodia. In January 2022, Solidus Labs raised USD 40 mn in Series B funding, led by Liberty City Ventures, with participation from Avon Ventures, Declaration Partners, Evolution Equity Partners, and Hanaco Venture Capital. The funding supports the company's mission to enhance crypto and DeFi risk monitoring and establish industry standards for market integrity. The company has completed 4 deals to date, with a current valuation of USD 257.55 mn.Solidus Labs specializes in advanced compliance and trade surveillance solutions for the cryptocurrency market. Their core product, the HALO monitoring platform, offers robust surveillance capabilities to enhance market integrity and compliance across various crypto trading environments. The solutions are tailored for institutional investors, market makers, and compliance teams, addressing challenges such as fraud detection and regulatory adherence. The company's services ensure secure trading practices and empower clients with essential monitoring tools in the evolving digital asset landscape.Solidus Labs generates revenue through subscription-based models for its HALO platform, complemented by partnerships with institutional clients in the cryptocurrency sector. Clients typically enter long-term contracts providing access to HALO, with tiered pricing plans accommodating different service levels. The flagship services include trade surveillance, compliance monitoring, and market integrity solutions, fostering a steady revenue stream as clients rely on Solidus for regulatory compliance support.In January 2022, Solidus Labs raised USD 40 mn in Series B funding to expand its capabilities in crypto and DeFi risk monitoring and to establish market integrity standards. The funding will support the development of new products aimed at enhancing compliance solutions, with plans for geographic expansion into additional markets across North America, Europe, and Asia. The company is focused on increasing its presence in these regions to better serve institutional clients and adapt to the evolving landscape of digital assets.

## Funding rounds

- Series B, Jan 20, 2022, $40M — Liberty City Ventures, Evolution Equity Partners, Hanaco Venture Capital, Declaration Partners, Avon Ventures
- Series A, May 10, 2021, $20M — Evolution Equity Partners, Hanaco Venture Capital, FTX Trading Ltd., Avon Ventures
- Seed, Feb 20, 2019, $3M — Global Founders Capital, Hanaco Venture Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Hanaco Venture Capital (https://capitalatlas.ai/funds/hanaco-venture-capital) — Seed, Series A, Series B
- Evolution Equity Partners (https://capitalatlas.ai/funds/evolution-equity-partners) — Series A, Series B
- FTX Trading Ltd. — Series A
- Avon Ventures (https://capitalatlas.ai/funds/avon-ventures) — Series A, Series B
- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Series B
- Declaration Partners (https://capitalatlas.ai/funds/declaration-partners) — Series B