# Vessel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vessel-2

- Industry: Software
- Headquarters: Singapore
- Website: www.vessel.finance
- Total disclosed funding: $10M
- Latest round: Seed (Aug 8, 2024)
- Investors on record: 6

## About

Based in Singapore, Vessel operates as a financial technology company that focuses on developing a next-generation decentralized exchange (DEX) designed to provide secure and user-friendly trading experiences across digital assets. In August 2024, Vessel raised USD 10 million in seed funding led by Sequoia Capital, with participation from Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, and Incuba Alpha.

Vessel offers a decentralized platform that supports fast, secure trading with a focus on privacy. Utilizing Zero Knowledge Proofs, the platform ensures data protection and transparency through a data availability committee and multi-signature security measures.

The company plans to use its proceeds from August 2024 funding to combine the efficiency of centralized exchanges with the transparency of decentralized exchanges, optimize liquidity management, and advance zero-knowledge-proof solutions for decentralized finance.

## Funding rounds

- Seed, Aug 8, 2024, $10M — Algorand Foundation Ltd., IMO Ventures, Incuba Alpha, Peak XV Partners, Folius Ventures, Avalanche (BVI), Inc.

## Investors

- Algorand Foundation Ltd. — Seed
- IMO Ventures (https://capitalatlas.ai/funds/imo-ventures) — Seed
- Incuba Alpha — Seed
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed
- Folius Ventures — Seed
- Avalanche (BVI), Inc. — Seed