# Stormbird Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stormbird-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.alphawallet.com
- Total disclosed funding: $2.1M
- Latest round: Series B (Jul 31, 2019)
- Investors on record: 4

## About

Stormbird Pte. Ltd., based in Singapore, specializes in blockchain technology solutions, primarily through its open-source Ethereum wallet, AlphaWallet, which facilitates cryptocurrency management and tokenized asset transactions.Founded in 2017 in Singapore, Stormbird Pte. Ltd. operates as a technology provider focused on blockchain solutions. The company has raised a total of USD 1.2 mn in funding and has completed 2 deals, with the most recent funding round being a SERIES B completed on July 31, 2019. The funding was led by HashKey Capital, with contributions from Fenbushi Capital and LongHash Ventures. Victor Zhang, one of the founders, is the CEO, and the firm has not reported any significant pivots or changes in strategy.AlphaWallet, the primary product from Stormbird, is an open-source Ethereum wallet that enables users to manage cryptocurrencies and tokenized assets, including NFTs and DeFi applications. It utilizes TokenScript technology to enhance user interactions with decentralized applications (dApps) and supports various tokens across multiple blockchain networks, catering to individuals and businesses in Asia, Europe, and North America seeking token-based solutions.In 2022, AlphaWallet generated revenue of USD 159,204.80. The company reported an EBITDA loss of USD 5,830,214.20 for the same year. Revenue streams include partnerships with businesses that utilize its wallet technology, generating income through transaction fees and potential subscription models for advanced features.Stormbird Pte. Ltd. aims to enhance its product offerings and expand into new markets by leveraging the recent SERIES B funding of USD 1.2 mn raised on July 31, 2019. The company is exploring the design of new features for AlphaWallet and plans to target additional geographic markets in Asia and Europe to broaden its user base. This funding will support these initiatives, helping the company capitalize on emerging opportunities in the blockchain sector.

## Funding rounds

- Series B, Jul 31, 2019, $1.2M — Fenbushi Capital, HashKey Capital, LongHash Ventures
- Series A, Apr 30, 2019, $0.9M — Unity Ventures

## Investors

- Unity Ventures (https://capitalatlas.ai/funds/unity-ventures) — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series B
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series B
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Series B