# Thetanuts

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

- Industry: Financial Services
- Headquarters: Williamsburg, US
- Website: www.thetanuts.finance
- Total disclosed funding: $18M
- Latest round: Seed (Mar 1, 2022)
- Investors on record: 11

## About

Based in Virginia, US, and founded in 2021, Thetanuts Inc., also known as Thetanuts Finance, operates as a developer of a crypto derivatives platform designed to provide treasury management for decentralized autonomous organizations. In March 2022, Thetanuts Inc. raised USD 18 million in seed funding co-led by Three Arrows Capital, Deribit, and QCP Capital, and In April 2023, Hyperchain Capital, Magnus Capital, and Polychain Capital co-led USD 17 million in venture funding for Thetanuts Inc. 

Thetanuts Inc. offers Defi structured products that accept tokens from 11 chains as collateral. It gives users access to risk-adjusted yield opportunities. Thetanuts Inc. offers two decentralized finance products Theta-Index, an option basket giving everyday investors well-rounded risk management, and Theta-Wheel, physically settled vaults that alternate between calls and puts, allowing investors to "buy low and sell high" while earning premiums, form a foundation for future options.

The company plans to use the April 2023 funding for the launch of its buy-side altciin options market for its cryptocurrency product altcoins.

## Funding rounds

- Seed, Mar 1, 2022, $18M — GoldenTree Asset Management, Raptor Capital Management, Three Arrows Capital, Tribe Capital, Borderless Capital, QCP Capital, Crypto.com Capital, Deribit, Mirana Ventures, Jump Crypto, DeFi Capital

## Investors

- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Seed
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Seed
- Three Arrows Capital — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Seed
- QCP Capital (https://capitalatlas.ai/funds/qcp-capital) — Seed
- Crypto.com Capital (https://capitalatlas.ai/funds/crypto-com-capital) — Seed
- Deribit — Seed
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Seed
- Jump Crypto — Seed
- DeFi Capital — Seed