# Terraform Labs Pte.

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.terra.money
- Total disclosed funding: $32M
- Latest round: Seed (Aug 29, 2018)
- Investors on record: 11

## About

Based in Seoul, South Korea, and founded in 2018, Terraform Labs offers a payment system based on blockchain technology. The company was co-founded by Daniel Shin and Do Kwon. Terra has raised a total of $58M in funding over 15 rounds funded by 26 investors including  Pantera Capital, Coinbase Ventures, Hashkey, LuneX Ventures and Kakao Ventures. In July 2021, Terraform Labs raised USD 150 million in venture funding from Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital. The company has 56 employees. Terraform's platform has 2.2 million users with an average of almost 90,000 transactions daily.

Terraform Labs operates as a developer of a price-stable cryptocurrency that will enhance the next-generation payment network. The company also operates as an open platform that will help to improve the real GDP of the blockchain industry. Terraform’s technology of a digital ledger and wallet uses the stablecoin Luna and has significantly reduced payment settlement from days to just around 6 seconds.

The company generates revenue through subscription fees by charging a pricing model of USD 10 per month, 1% to 25% for package discount, and a free trial with a coupon for 14 days.

The company plans to invest in groups that build financial apps on its blockchain and launch its main net upgrade, Columbus-5, as well as Pylon and Nebula Protocol.

## Funding rounds

- Seed, Aug 29, 2018, $32M — TransLink Capital, Dunamu Inc., Polychain Capital, Binance Asia Services Pte. Ltd., Arrington Capital, Kenetic Capital, 1kx Ventures, FBG Capital, Hashed Ventures, OKX, HTX Venture

## Investors

- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Seed
- Dunamu Inc. — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Binance Asia Services Pte. Ltd. — Seed
- Arrington Capital — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- FBG Capital — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- OKX — Seed
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Seed