# Violet

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

- Industry: IT Infrastructure
- Headquarters: Berlin, Germany
- Website: www.violet.co
- Latest round: Seed (Mar 30, 2022)
- Investors on record: 6

## About

Based in Berlin, Germany, and founded in 2021 by Markus Maier and Philipp Banhardt, DeFi Labs GmbH, doing business as Violet, develops compliance and identity management tools designed for decentralized finance (DeFi). In March 2023, Violet raised USD 15 million in venture funding from investors Brevan Howard Capital Management and Coinbase Ventures, with participation from returning investors BlueYard Capital, Balderton Capital, Ethereal Ventures, and FinTech Collective. As of 2023, the company has a client base that includes companies like Coinbase, BlueYard, Balderton, and many more.

Prelaunch.com offers decentralized finance solutions that include privacy-protective compliance and identity infrastructure used for privacy-preserving and reusable on-chain compliance services. The company provides legal compliance services, including know your customer (KYC), know your business customer (KYBC), sanctions checks, and anti-money laundering (AML).

The company plans to use the March 2023 funding to boost the launch and global adoption of its product Mauve.

## Funding rounds

- Seed, Mar 30, 2022 — Balderton Capital, Frontline, FinTech Collective, BlueYard Capital, Ethereal Ventures, Skaala Investments OÜ

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Seed
- Frontline (https://capitalatlas.ai/funds/frontline) — Seed
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed
- BlueYard Capital (https://capitalatlas.ai/funds/blueyard-capital) — Seed
- Ethereal Ventures (https://capitalatlas.ai/funds/ethereal-ventures) — Seed
- Skaala Investments OÜ — Seed