# Wombat Exchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wombat-exchange

- Industry: Financial Services
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.wombat.exchange
- Total disclosed funding: $5.3M
- Latest round: Series A (Mar 16, 2022)
- Investors on record: 11

## About

Based in Hong Kong, and founded in 2021 by Alex Lee, Wombat Exchange backed by Binance Labs, operates as a cryptocurrency company that offers a protocol designed for swapping stable assets. In March 2022, Wombat Exchange raised USD 5.25 million in series A funding co-led by new investors Animoca Brands Corporation Limited and Hailstone Ventures, with participation from other new investors Crypto Wesearch, Eureka Trading, GSR Capital, and many more.

The company offers an online platform for stableswaps for various cryptocurrencies like (USDT) Tether, (USDC) USD Coin, DAI, and (BUSD) Binance USD on the market. The company also provides a liquidity pool which is capped at USD 5 million per stablecoin.

The company plans to use the March funding to accelerate its product development and expansion.

## Funding rounds

- Series A, Mar 16, 2022, $5.3M — Silverstone Capital, YZi Labs, Unanimous Capital, GSR Capital, Zokyo, Animoca Brands, TPS Capital, Hailstone Ventures, Lunar Station, Eureka Trading, Crypto Wesearch
- Seed, Nov 1, 2021 — YZi Labs

## Investors

- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed, Series A
- Silverstone Capital — Series A
- Unanimous Capital (https://capitalatlas.ai/funds/unanimous-capital) — Series A
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Series A
- Zokyo (https://capitalatlas.ai/funds/zokyo) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A
- TPS Capital — Series A
- Hailstone Ventures — Series A
- Lunar Station — Series A
- Eureka Trading — Series A
- Crypto Wesearch — Series A