# Termina

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.termina.technology/
- Total disclosed funding: $4M
- Latest round: Seed (Oct 30, 2024)
- Investors on record: 9

## About

Founded in 2023 and based in the US, Nitro Labs Inc., dba Termina, develops advanced solutions for the Solana ecosystem, facilitating the execution of blockchain applications. The company was founded by Yiwen Gao. In October 2024, Termina raised USD 4 million in seed funding led by Lemniscap, including Animoca Ventures, Borderless Capital, Finality Capital Partners, Race Capital, No Limit Holdings, The Solana Foundation, Jump Crypto, and Spartan Group.

Termina provides an integrated engine designed for the Solana Virtual Machine (SVM), enabling users to deploy Solana blocks in a fraction of the time typically required. The firm’s modular execution platform allows for customized chains using Solana frameworks, enhancing the mainnet's reach through an abstraction layer that creates a versatile execution environment. Key use cases include providing developers with tools for scalable blockchain applications and efficient transaction processing. The company caters to blockchain developers, DeFi enterprises, and various projects leveraging the Solana ecosystem, with a marketing focus on North America and Europe.

Termina's revenue model is centered around transactional services linked to their execution platform, structured through subscription agreements and partnerships within the blockchain ecosystem. Revenue is generated from service usage fees and subscription-based models, aligning with the needs of B2B clients utilizing the SVM for diverse applications.

The organization plans to use the October 2024 funding to scale the SVM, enhancing developer engagement and accelerating blockchain deployments.

## Funding rounds

- Seed, Oct 30, 2024, $4M — Borderless Capital, Lemniscap, Race Capital, Finality Capital Partners, Jump Crypto, Spartan Group, The Solana Foundation, No Limit Holdings, Animoca Ventures

## Investors

- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Seed
- Lemniscap — Seed
- Race Capital (https://capitalatlas.ai/funds/race-capital) — Seed
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Seed
- Jump Crypto — Seed
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Seed
- The Solana Foundation — Seed
- No Limit Holdings (https://capitalatlas.ai/funds/no-limit-holdings) — Seed
- Animoca Ventures (https://capitalatlas.ai/funds/animoca-ventures) — Seed