# Wormhole Foundation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wormhole-foundation

- Industry: Software
- Headquarters: George Town, Cayman Islands
- Website: www.wormhole.com
- Latest round: Seed (Jul 23, 2023)
- Investors on record: 3

## About

Founded in 2021 and based in George Town, Cayman Islands, Silverside Management Ltd doing business as the Wormhole Foundation, is a cross-chain protocol that enables the transfer of assets, data, and messages across various blockchain ecosystems. The company was founded by its CEO, Saeed Badreg. In November 2023, the Wormhole Foundation raised USD 225 million in venture funding from Arrington Capital, Borderless Capital, Brevan Howard Capital Management, and Jump Operations, LLC. The venture funding values the Wormhole Foundation at USD 2.5 billion post-money.

The Wormhole Foundation provides an open-source blockchain platform that facilitates cross-chain communication, enabling the transfer of tokens, NFTs, oracle data, and governance decisions between different blockchain ecosystems. The products and solutions offered by the company include the Wormhole messaging protocol, which is a decentralized communication infrastructure that enables cross-chain interaction within the crypto ecosystem; Wormhole Connect, a platform that allows developers to integrate with cross-chain applications; Wormhole Gateway, an application-specific blockchain that enables the transfer of assets and data between the Cosmos ecosystem and other blockchains; and many more.

The company plans to use the funds raised in November 2023 to develop essential infrastructure for the Web3 ecosystem.

## Funding rounds

- Seed, Jul 23, 2023 — Delta Blockchain Fund, Everstake Capital, Everstake Ventures

## Investors

- Delta Blockchain Fund (https://capitalatlas.ai/funds/delta-blockchain-fund) — Seed
- Everstake Capital (https://capitalatlas.ai/funds/everstake-capital) — Seed
- Everstake Ventures — Seed