# Yala Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yala-labs

- Industry: Financial Services
- Headquarters: US
- Website: www.yala.org/
- Total disclosed funding: $8M
- Latest round: Seed (Oct 10, 2024)
- Investors on record: 13

## About

Based in the US and founded in 2024 by co-founders Lalin Dias (CEO) and Manoj Bandara, Yala Labs operates as a provider of a decentralized finance (DeFi) platform that enables Bitcoin users to borrow stablecoins and participate in DeFi applications across multiple ecosystems for earning and liquidity access. In October 2024, Yala Labs raised USD 8 million in seed funding co-led by Polychain Capital and Ethereal Ventures, with participation from Galaxy Digital Partners, Anagram, Amber Group, ABCDE Capital, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), Satoshi Lab, UpHonest Capital, UTXO Management, 280 Capital Ltd.

The company provides a decentralized finance (DeFi) platform that offers over-collateralized stablecoins to Bitcoin users. The platform services include borrowing, staking, restaking, and liquidity mining. Moreover, the firm offers solutions such as a modular infrastructure for integration with EVM-based protocols, secure indexing for smart contract execution, and support for native Bitcoin and UTXO assets. Additionally, Yala Labs also provides services such as governance, community engagement, and ecosystem development.

## Funding rounds

- Seed, Oct 10, 2024, $8M — Polychain Capital, UpHonest Capital, Amber Group, HashKey Capital, UTXO Management, Ethereal Ventures, GeekCartel, L2 Iterative Ventures, Ambush Capital, Anagram, 280 Capital Ltd, Galaxy Digital Partners, Satoshi Lab

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Seed
- Amber Group — Seed
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- UTXO Management — Seed
- Ethereal Ventures (https://capitalatlas.ai/funds/ethereal-ventures) — Seed
- GeekCartel (https://capitalatlas.ai/funds/geekcartel) — Seed
- L2 Iterative Ventures (https://capitalatlas.ai/funds/l2-iterative-ventures) — Seed
- Ambush Capital (https://capitalatlas.ai/funds/ambush-capital) — Seed
- Anagram — Seed
- 280 Capital Ltd — Seed
- Galaxy Digital Partners — Seed
- Satoshi Lab — Seed