# Stacks

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

- Industry: Software
- Headquarters: Anaheim, US
- Website: www.stacks.co
- Total disclosed funding: $5.6M
- Latest round: Series A (Jan 5, 2017)
- Investors on record: 9

## About

Stacks is an innovative layer-2 solution built on Bitcoin, enabling smart contracts and decentralized applications (dApps) that leverage Bitcoin’s security and robustness for various users, including developers and financial institutions.Stacks is a company founded in 2013 in Anaheim, US. It operates as a layer-2 solution on the Bitcoin blockchain, facilitating smart contracts and dApps. The company has successfully completed 4 deals, with the most recent funding round being a Series A in August 2019, where it raised USD 4.000 mn led by Union Square Ventures. The founder, Alan Apte, along with Ryan Shea, has previously spearheaded innovative ventures in the tech space, positioning Stacks for continued growth.Stacks operates as an innovative layer-2 solution built on Bitcoin, focusing on enabling smart contracts and decentralized applications (dApps) that leverage the security and robustness of the Bitcoin blockchain. Its core offerings include sBTC, a Bitcoin-backed asset facilitating the movement of Bitcoin between Layer 1 and Layer 2 environments, and the Clarity programming language for building secure smart contracts with visibility on Bitcoin's state. Additionally, Stacks provides various DeFi tools, including the Zest Protocol for lending and a multi-feature decentralized exchange known as BitFlow. Their target clientele spans developers, entrepreneurs, and financial institutions across North America, Europe, and Asia.Stacks generates revenue through transaction fees associated with the use of its platform, particularly from deploying and executing smart contracts and dApps. The business model includes a mix of B2B and direct-to-consumer transactions, where developers and businesses utilize Stacks’ services to build applications that interact with Bitcoin. Revenue is further enhanced through partnerships with key exchanges and other blockchain entities, boosting the liquidity and usability of Stacks’ assets like sBTC and STX. The ecosystem supports diverse pricing structures tailored to various client needs.In August 2019, Stacks raised USD 4.000 mn in a Series A funding round to support the expansion of its platform. The company aims to introduce new products designed to enhance the capabilities of its layer-2 solution and plans to target further expansion into markets in Asia and Europe by 2024. The funding will be utilized to bolster infrastructure and accelerate the development of innovative tools and features to attract a broader user base.

## Funding rounds

- Series A, Jan 5, 2017, $4M — Union Square Ventures, Rising Tide, Lux Capital, Compound Ventures, Version One Ventures, Digital Currency Group
- Seed, Nov 14, 2014, $1.5M — Union Square Ventures, SV Angel, High Line Venture Partners
- Seed, Jul 16, 2014, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- High Line Venture Partners (https://capitalatlas.ai/funds/high-line-venture-partners) — Seed
- Rising Tide — Series A
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Series A
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A