# Valory

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

- Industry: Internet
- Headquarters: Zug, Switzerland
- Website: www.valory.xyz
- Total disclosed funding: $4M
- Latest round: Seed (Oct 12, 2022)
- Investors on record: 6

## About

Based in Zug, Switzerland, and founded in 2021, Valory AG develops autonomous software systems that connect decentralized web3 apps with centralized services, providing integration and functionality for users. The company was co-founded by David Minarsch (CEO) and David Galindo (CTO). In October 2022, Valory AG raised USD 4 million in seed funding led by investor True Ventures, with participation from other investors ATKA Capital, PrimeBlock Ventures, Proof Group, Semantic Ventures, and Signature Ventures. 

The company provides open-source tools for building off-chain protocol applications that combine multi-agent systems and distributed ledger technology. The company offers Propel, a subscription service that integrates human and software services for organizations of all sizes. They also develop Autonolas, a permissionless blockchain protocol for decentralized off-chain services, and provide Open Autonomy, an open-source framework for developing ownable off-chain services.

## Funding rounds

- Seed, Oct 12, 2022, $4M — True Ventures, Semantic Ventures, Signature Ventures, ATKA Capital, PrimeBlock Ventures, Proof Group

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed
- Semantic Ventures (https://capitalatlas.ai/funds/semantic-ventures) — Seed
- Signature Ventures (https://capitalatlas.ai/funds/signature-ventures) — Seed
- ATKA Capital — Seed
- PrimeBlock Ventures (https://capitalatlas.ai/funds/primeblock-ventures) — Seed
- Proof Group — Seed