# Sommelier

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: https://sommelier.finance/
- Total disclosed funding: $27M
- Latest round: Series A (Oct 20, 2021)
- Investors on record: 13

## About

Founded in 2020 and based in California, US, Sommelier operates as a co-processor for an ethereum designed to decentralized finance (DeFi) blockchain protocol. The company was co-founded by Zaki Manian, Jack Zampolin, Kevin Kennis, Federico Kunze, Tony Arcieri, Lucky Odisetti, Justin Kilpatrick, Deborah Simpier, Kristi Poldsaam, and Shella Stephens. In March 2021, Sommelier raised USD 3.5 million in seed funding led by new investor Standard Crypto Management, with participation from other new investors Alameda Research, Alameda Ventures, Cygni Capital, Power Planet Holdings, and Multicoin Capital.

The company offers a tender mint-based consensus layer and a decentralized finance blockchain protocol and an ethereal bridge that acts as a co-processor enable to manage by a global network of validators.

As of March 2021, the company plans to fund the development of its multichain protocol and its flagship decentralized finance (Defi) applications, which are expected to launch in Q1 2021.

## Funding rounds

- Series A, Oct 20, 2021, $23M — Byzantine Ventures, Polychain Capital, Zola Capital Management, LLC, All in Bits, Inc., Alameda Research Ventures, D1 Ventures, Secure Ventures, Ferngrove Ventures
- Seed, Mar 10, 2021, $3.5M — Multicoin Capital, Alameda Research, Alameda Research Ventures, Cygni Capital, Power Planet Holdings, Standard Crypto

## Investors

- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed
- Alameda Research — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed, Series A
- Cygni Capital (https://capitalatlas.ai/funds/cygni-capital) — Seed
- Power Planet Holdings — Seed
- Standard Crypto — Seed
- Byzantine Ventures (https://capitalatlas.ai/funds/byzantine-ventures) — Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- Zola Capital Management, LLC — Series A
- All in Bits, Inc. — Series A
- D1 Ventures (https://capitalatlas.ai/funds/d1-ventures) — Series A
- Secure Ventures — Series A
- Ferngrove Ventures — Series A