# SynFutures

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

- Industry: Internet
- Headquarters: Singapore
- Website: www.synfutures.com
- Total disclosed funding: $37M
- Latest round: Series B (Oct 19, 2023)
- Investors on record: 12

## About

Based in Singapore, SynFutures operates as a decentralized finance (DeFi) platform, focusing on providing innovative trading solutions for cryptocurrencies and derivatives, enhancing market efficiency and accessibility for users globally.SynFutures, founded in 2020 in Singapore, specializes in decentralized finance solutions. The firm has completed three funding rounds, with the latest being a Series B round on October 19, 2023, raising USD 22 mn led by Pantera Capital. Founder Matthew Liu has a history of entrepreneurial ventures, though specific previous companies are not detailed. The firm currently does not operate as a subsidiary of another company.SynFutures is a technology-driven company specializing in decentralized finance (DeFi) solutions, primarily offering a suite of products designed for trading perpetual contracts and spot trading. Their core offerings include innovative trading platforms that leverage blockchain technology to provide users with transparency, security, and reduced counterparty risk. The platform caters to diverse use cases, allowing users to trade various cryptocurrencies and derivatives in a decentralized manner, enhancing market accessibility and efficiency. SynFutures aims to serve a global clientele that includes retail investors, institutional traders, and financial firms, focusing on key markets such as North America, Europe, and Asia-Pacific, where the demand for DeFi solutions is rapidly increasing. The company has positioned itself to address the complexities of traditional trading by providing a streamlined, user-friendly experience that empowers users to engage in the crypto market effectively.SynFutures generates revenue through transaction fees associated with its trading platform, which apply to both perpetual and spot trading activities. The transaction structure is primarily B2C, where individual traders engage directly with the platform, incurring fees based on the volume of trades executed. The firm may also explore partnership opportunities for institutional clients who require tailored trading solutions or enhanced liquidity provisions. Through its robust trading ecosystem, SynFutures capitalizes on user activity, which contributes to its revenue stream without the necessity of disclosing specific pricing plans or fee structures. The company continuously seeks to enhance its service offerings, directly impacting user engagement and the overall financial performance of the platform.In October 2023, SynFutures raised USD 22 mn in Series B funding led by returning investor Pantera Capital, with participation from new investors SIG Asia Investment and HashKey Capital. The company will use the funding to roll out its product roadmap, which may include upcoming new products designed to enhance their trading platform. SynFutures is also planning to expand into new geographic regions, specifically targeting North America, Europe, and Asia-Pacific by the end of 2024, capitalizing on the growing demand for DeFi solutions.

## Funding rounds

- Series B, Oct 19, 2023, $22M — SIG Asia Investment, Pantera Capital, HashKey Capital
- Series A, Jun 16, 2021, $14M — CMS, Pantera Capital, Polychain Capital, Wintermute Trading Ltd, Framework Ventures, IOSG Ventures, Kronos Ventures, Bybit
- Seed, Jan 1, 2021, $1.4M — Dragonfly Digital Management, Standard Crypto

## Investors

- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- Standard Crypto — Seed
- CMS — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A, Series B
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- Wintermute Trading Ltd — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- Kronos Ventures (https://capitalatlas.ai/funds/kronos-ventures) — Series A
- Bybit — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series B
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series B