# Walrus Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/walrus-tech

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.defy.club/index.html
- Total disclosed funding: $5.5M
- Latest round: Seed (Nov 18, 2021)
- Investors on record: 11

## About

Walrus Tech Inc. is a digital financial services firm specializing in cryptocurrency and blockchain solutions, offering a variety of trading platforms and analytics tools for investors.Founded in 2021 in Bangalore, India, Walrus Tech Inc. focuses on cryptocurrency trading and blockchain technologies. Sriharsha Setty, one of the founders, has a background in technology startups. The company secured USD 5.5 mn in Seed funding on November 18, 2021, with investments from Better Capital, Y Combinator, and several other venture capital firms.Walrus Tech Inc. provides an array of digital financial services centered on cryptocurrency and blockchain. Its offerings include trading platforms for major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, along with market trend analytics and investment insights tailored for both retail and institutional investors across North America, Europe, and Asia.In the most recent year, Walrus Tech Inc. reported revenue of USD 789,035.5 and an EBITDA of USD 5,796.2. Their revenue model relies primarily on transaction fees from trading activities and subscription services for premium market analytics.Walrus Tech Inc. plans to leverage its recent Seed funding of USD 5.5 mn to enhance its team across engineering, product, and growth divisions. The company aims to launch new products designed to improve user experience and expand its footprint in emerging markets, particularly targeting Asia and Europe by the end of 2024.

## Funding rounds

- Seed, Nov 18, 2021, $5.5M — Better Capital, Y Combinator, GMO VenturePartners, Goodwater Capital, Soma Capital, Gemba Capital, Goat Ventures, Olive Tree Capital, Jam Fund, Uncommon Capital, Night Ventures

## Investors

- Better Capital — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Soma Capital — Seed
- Gemba Capital (https://capitalatlas.ai/funds/gemba-capital) — Seed
- Goat Ventures — Seed
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Seed
- Jam Fund (https://capitalatlas.ai/funds/jam-fund) — Seed
- Uncommon Capital (https://capitalatlas.ai/funds/uncommon-capital) — Seed
- Night Ventures (https://capitalatlas.ai/funds/night-ventures) — Seed