# Tapio Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tapio-protocol

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.tapioprotocol.io
- Total disclosed funding: $4M
- Latest round: Seed (Oct 17, 2022)
- Investors on record: 13

## About

Founded in 2022 and based in Singapore, Tapio Protocol operates as a software platform involved in the development of several DeFi (destructured Finance) protocols on Ethereum. In October 2022, Arrington XRP Capital, Hypersphere Ventures, and Polychain Capital co-led a USD 4 million in Seed funding for Tapio Protocol, with participation from 0xVentures, 11-11 DG Partners, CMS, D1 Ventures, Double Peak Group, Genblock Capital, LongHash Ventures, Paka Fund, The Spartan Group, and Valhalla Partners.

Tapio Protocol is a Polkadot-based synthetic asset protocol that helps improve the efficiency of staking and crowd-loan derivatives on the Polkadot network for assets like the tDOT,3USD, and taiKSM. The platform addresses the issues associated with Blockchain adoption, such as liquidity being isolated on various parachains and each derivative format posing adoption challenges.

## Funding rounds

- Seed, Oct 17, 2022, $4M — Valhalla Partners, CMS, The Spartan Group, Polychain Capital, Arrington Capital, Hypersphere Ventures, LongHash Ventures, Double Peak Group, Genblock Capital, 11-11 DG Partners, D1 Ventures, 0xVentures, Paka Fund

## Investors

- Valhalla Partners (https://capitalatlas.ai/funds/valhalla-partners) — Seed
- CMS — Seed
- The Spartan Group — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Arrington Capital — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Seed
- Double Peak Group — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- 11-11 DG Partners (https://capitalatlas.ai/funds/11-11-dg-partners) — Seed
- D1 Ventures (https://capitalatlas.ai/funds/d1-ventures) — Seed
- 0xVentures (https://capitalatlas.ai/funds/0xventures) — Seed
- Paka Fund (https://capitalatlas.ai/funds/paka-fund) — Seed