# Yellow Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yellow-network

- Industry: Financial Services
- Headquarters: Seychelles
- Website: www.yellow.org
- Total disclosed funding: $10M
- Latest round: Seed (Sep 17, 2024)
- Investors on record: 11

## About

Based in Seychelles, Layer3 FinTech Ltd., doing business as Yellow Network, operates as a financial technology company. The company was founded by its CEO, Louis Bellet, and COO, Sergii Kashchenko. In September 2024, Yellow Network raised USD 10 million in seed funding led by ConsenSys Ventures, GSR Capital, LD Capital, NOIA Capital, Cobo Ventures, Math Venture Partners, ZBS Capital, and Gate Labs, Inc.

Yellow Network offers a decentralized clearing system that uses state channels to facilitate trading and settlement and provides features like aggregated order books, cross-chain markets, and Layer-3 networks. the company’s product line includes Yellow Clearing Network, which is a Layer-3 P2P protocol for trading and settlement; the $YELLOW token, a token for settlement fees and collateral insurance; and NeoDAX, a platform for building crypto brokerages with turnkey liquidity.

The company plans to utilize the September 2024 funding raised to finalize its open-source protocol and advance its nitro-state channel framework to enhance decentralized trading, particularly for cross-chain transactions.

## Funding rounds

- Seed, Sep 17, 2024, $10M — Math Venture Partners, ConsenSys Ventures, Gate Labs, Inc., Moonrock Capital, GSR Capital, NOIA Capital, ZBS Capital, NxGen Capital, Cobo Ventures, LD Capital, MV Global

## Investors

- Math Venture Partners (https://capitalatlas.ai/funds/math-venture-partners) — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed
- Gate Labs, Inc. — Seed
- Moonrock Capital (https://capitalatlas.ai/funds/moonrock-capital) — Seed
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Seed
- NOIA Capital — Seed
- ZBS Capital (https://capitalatlas.ai/funds/zbs-capital) — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed
- Cobo Ventures (https://capitalatlas.ai/funds/cobo-ventures) — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- MV Global — Seed