# XDEFI Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xdefi-technologies

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.xdefi.io
- Total disclosed funding: $7.2M
- Latest round: Series A (Sep 29, 2021)
- Investors on record: 8

## About

XDEFI Technologies Ltd specializes in digital wallet solutions, providing secure and user-friendly self-custody options for managing cryptocurrencies and assets across multiple blockchain networks.Founded in 2020 and headquartered in London, UK, XDEFI Technologies Ltd operates as an independent company without any known subsidiaries. The firm was established to offer a seamless platform for cryptocurrency management. Emile Dubié serves as both the CEO and founder of the company. XDEFI has undergone strategic pivots to enhance its product offerings, focusing on user experience. The company has successfully completed 2 deals, with its most recent being a Series A funding round on September 29, 2021, raising USD 6.000 mn led by Mechanism Capital, alongside other investors including Alameda Research and Animoca Brands Corporation Limited. The total amount raised by the company stands at USD 6.000 mn.XDEFI Wallet, now known as Ctrl Wallet, provides a suite of digital wallet services for secure self-custody of assets. This multi-chain cryptocurrency wallet enables users to manage digital assets across various blockchain networks and is available as a browser extension and mobile app for iOS and Android. The wallet was developed based on user feedback, designed to make complex cryptocurrency technologies accessible to everyday users. The company targets a global audience, catering to individual investors and those new to cryptocurrency.Ctrl Wallet generates revenue through transaction fees associated with asset transfers and interactions within its ecosystem. The operational model effectively serves both consumers and businesses that require secure wallet solutions. Revenue is expected to grow with the anticipated migration of its $XDEFI token to the new $CTRL token, which will enhance transaction capabilities and ecosystem engagement.Following the Series A funding round in September 2021, XDEFI Technologies Ltd plans to launch proprietary integrations with Terra and Solana, while deepening its existing integrations with THORChain, Ethereum, and other EVM-powered networks. The company aims to expand its team of 27 by hiring additional engineers to support these initiatives. The funding will facilitate the development of these integrations and further enhance the wallet's capabilities. The company is also focused on expanding its market presence, targeting specific geographic regions to enhance user engagement and growth.

## Funding rounds

- Series A, Sep 29, 2021, $6M — Animoca Brands Corporation Limited, Alameda Research, Coingecko, DeFiance Capital, Ryze Labs, Mechanism Capital, Morningstar Ventures
- Seed, Mar 25, 2021, $1.2M — Delphi Ventures, Alameda Research, Mechanism Capital, Morningstar Ventures

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Seed
- Alameda Research — Seed, Series A
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed, Series A
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed, Series A
- Animoca Brands Corporation Limited — Series A
- Coingecko — Series A
- DeFiance Capital — Series A
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Series A