# Usual Labs

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

- Industry: Financial Services
- Headquarters: Paris, France
- Website: http://www.usual.money
- Total disclosed funding: $10M
- Latest round: Series A (Dec 10, 2024)
- Investors on record: 22

## About

In December 2024, Usual Labs raised USD 10 million in series A funding co-led by new investor Binance Labs and returning investor Kraken Ventures, with participation from other new investors Coinbase Ventures, IOSG, Galaxy Ventures, Symbolic Capital, Amber Capital, Ethena, Inc., Ondo Ltd., Hypersphere Ventures, FunFair Ventures, Leadblock Partners, Phaedrus, Wintermute, JPEG Fund, White Loop, a SAS, Krypital Group, and Echo Labs. Individual and other returning investors OKX Ventures, AVID3, GSR, and Psalion VC also participated in the round.


Usual Labs' flagship product is USD0, a permissionless stablecoin backed by real-world assets that allows users to earn interest. The company provides users with a suite of tools for managing finances, investing, and planning.

The company plans to use the April 2024 funding to support its launch and accelerate its service offerings for market competition.

## Funding rounds

- Series A, Dec 10, 2024, $10M — Galaxy Ventures, Amber Capital, Coinbase Ventures, YZi Labs, LeadBlock Partners, Hypersphere Ventures, Ethena, Inc., Kraken Ventures, IOSG Ventures, Krypital Group, FunFair Ventures, Symbolic Capital, Wintermute Ventures, Psalion VC, OKX Ventures, Ondo Ltd., White Loop, a SAS,, JPEG Fund, GSR, Echo Labs, Phaedrus, AVID3

## Investors

- Galaxy Ventures — Series A
- Amber Capital — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Series A
- LeadBlock Partners (https://capitalatlas.ai/funds/leadblock-partners) — Series A
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Series A
- Ethena, Inc. — Series A
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- Krypital Group (https://capitalatlas.ai/funds/krypital-group) — Series A
- FunFair Ventures (https://capitalatlas.ai/funds/funfair-ventures) — Series A
- Symbolic Capital (https://capitalatlas.ai/funds/symbolic-capital) — Series A
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Series A
- Psalion VC (https://capitalatlas.ai/funds/psalion-vc) — Series A
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Series A
- Ondo Ltd. — Series A
- White Loop, a SAS, — Series A
- JPEG Fund (https://capitalatlas.ai/funds/jpeg-fund) — Series A
- GSR — Series A
- Echo Labs — Series A
- Phaedrus — Series A
- AVID3 — Series A