# Umee

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

- Industry: Software
- Headquarters: New York, US
- Website: www.umee.cc
- Total disclosed funding: $6.3M
- Latest round: Seed (Jun 15, 2021)
- Investors on record: 10

## About

Based in New York, US, Umee develops software that serves as a channel for decentralized interactions between different blockchain networks and explores DeFi applications throughout the blockchain ecosystem. The company was founded by its CEO Brent Xu. In June 2021, Umee received its latest seed funding from a group of investors that includes Polychain Capital, Coinbase Ventures, and IDEO CoLab.

The company's product is software that allows decentralized interactions between different blockchain networks and explore DeFi applications throughout the blockchain ecosystem. It utilizes the IBC protocol that was created out of the Cosmos ecosystem. The IBC protocol is a layer 0 protocol that connects all fast finality networks in the blockchain channels.

The company's revenue is generated by the transaction held within the software.

## Funding rounds

- Seed, Jun 15, 2021, $6.3M — Polychain Capital, BKCM, Argonautic Ventures, ConsenSys Ventures, Coinbase Ventures, IDEO CoLab Ventures, Alameda Research, CMS Holdings, LLC, Ethereal Ventures, Tendermint Ventures

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- BKCM — Seed
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Seed
- Alameda Research — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- Ethereal Ventures (https://capitalatlas.ai/funds/ethereal-ventures) — Seed
- Tendermint Ventures (https://capitalatlas.ai/funds/tendermint-ventures) — Seed