# Unlock protocol

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

- Industry: Software
- Headquarters: New York, US
- Website: www.unlock-protocol.com
- Total disclosed funding: $4M
- Latest round: Seed (Sep 28, 2021)
- Investors on record: 5

## About

Unlock Protocol, based in New York and founded in 2018, offers innovative digital membership management solutions utilizing blockchain technology to streamline membership issuance and management through NFTs.Unlock Protocol specializes in digital membership management using blockchain technology. Founded in 2018 by Julien Genestoux, who has a history of entrepreneurship, the company's headquarters is located in New York, US. The firm has completed three deals, with its most recent funding being a Seed round in September 2021, raising a total of USD 4.00 mn led by Cygni Capital, MetaCartel Ventures, and others.Unlock Labs provides a robust platform for digital membership management, leveraging blockchain technology. Its core product, Unlock, facilitates the issuance and management of memberships via NFTs, addressing challenges such as recurring subscriptions and membership status management. The platform caters to businesses and individual users across North America, Europe, and parts of Asia, offering seamless integration with digital wallets and enhancing user experience.Unlock Labs generates revenue through subscription-based models for its membership management platform. Clients purchase memberships managed by Unlock, with income derived from direct-to-consumer sales and partnerships. The pricing reflects the value of integrated digital wallet management and customized membership solutions, fostering user engagement and retention.Following a Seed funding round of USD 4.00 mn in September 2021, co-led by Cygni Capital and MetaCartel Ventures, Unlock Protocol plans to utilize this capital to support growth. The company aims to expand its product offerings and enter new geographical markets, with specific targets set for future growth initiatives.

## Funding rounds

- Seed, Sep 28, 2021, $4M — Betaworks Ventures Management, Cherry Ventures, Mercuri, MetaCartel Ventures, Cygni Capital
- Seed, Jun 8, 2021 — Mercuri

## Investors

- Mercuri (https://capitalatlas.ai/funds/mercuri) — Seed
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- MetaCartel Ventures (https://capitalatlas.ai/funds/metacartel-ventures) — Seed
- Cygni Capital (https://capitalatlas.ai/funds/cygni-capital) — Seed