# Zerion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zerion

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.zerion.io
- Total disclosed funding: $21M
- Latest round: Series B (Aug 2, 2022)
- Investors on record: 19

## About

Zerion Inc. is a blockchain-focused company that offers a non-custodial cryptocurrency wallet, facilitating asset management, trading, and decentralized finance (DeFi) activities for its users.Founded in 2016 in San Francisco, US, Zerion Inc. specializes in providing a non-custodial cryptocurrency wallet. The firm has successfully secured a total of USD 10.49 mn in funding, with its latest funding round being Series B on August 2, 2022. The round was led by Wintermute Trading Ltd and included participation from various investors such as Alchemy Ventures and Coinbase Ventures. The company has completed four investment deals since its inception. The co-founders include Alex Bashlykov, Evgeny Yurtaev, and Vadim Koleoshkin, with Evgeny Yurtaev currently serving as CEO.Zerion's primary product offering is a non-custodial cryptocurrency wallet designed for managing digital assets, including cryptocurrencies, DeFi investments, and NFTs. This wallet operates on a multi-chain architecture, supporting networks compatible with Ethereum such as Arbitrum, Binance Smart Chain, Polygon, and Optimism. Users can send and receive assets, trade tokens, and engage in DeFi activities such as lending and providing liquidity. Additionally, Zerion features a built-in DeFi portfolio tracker that organizes and tracks users' assets across more than 500 integrated protocols, primarily catering to individual cryptocurrency investors in North America, Europe, and parts of Asia.Zerion generates revenue through transaction fees related to trading activities conducted within its wallet and potential premium features associated with its DeFi portfolio tracker. The wallet facilitates the purchase of cryptocurrencies via credit or debit cards, implying a partnership with payment processors. Users also leverage the platform to interact with various decentralized exchanges (DEXes) to optimize trade prices. While specific pricing plans are not disclosed, the operational model suggests a commission-based structure for trades and liquidity provisions originating from the platform's usage.In August 2022, Zerion Inc. raised USD 10.49 mn in Series B funding, led by Wintermute Trading Ltd, with new investors participating in the round. The company will utilize this funding to further develop its wallet for Web3 users. Future growth initiatives include the design and launch of new products aimed at enhancing user experience in digital asset management and expanding into new markets, particularly those in North America and Europe, by targeting early 2024 for these expansions.

## Funding rounds

- Series B, Aug 2, 2022, $10M — Mosaic Ventures, Alchemy Ventures, Placeholder, Coinbase Ventures, Wintermute Trading Ltd, Polymorphic Capital, Yunt Capital, CyberConnect
- Series A, Jul 7, 2021, $8.2M — Lightspeed Venture Partners, Digital Currency Group, Mosaic Ventures, Placeholder, Continue Capital, Blockchain.com, G1 Venture Capital, Wintermute Trading Ltd, BitScale Capital, The LAO, Alliance, SevenX Ventures
- Seed, Dec 3, 2019, $2M — ESO Fund, Placeholder, Blockchain.com, Gnosis

## Investors

- ESO Fund — Seed
- Placeholder (https://capitalatlas.ai/funds/placeholder) — Seed, Series A, Series B
- Blockchain.com — Seed, Series A
- Gnosis (https://capitalatlas.ai/funds/gnosis) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Series A, Series B
- Continue Capital (https://capitalatlas.ai/funds/continue-capital) — Series A
- G1 Venture Capital (https://capitalatlas.ai/funds/g1-venture-capital) — Series A
- Wintermute Trading Ltd — Series A, Series B
- BitScale Capital — Series A
- The LAO (https://capitalatlas.ai/funds/the-lao) — Series A
- Alliance (https://capitalatlas.ai/funds/alliance) — Series A
- SevenX Ventures (https://capitalatlas.ai/funds/sevenx-ventures) — Series A
- Alchemy Ventures — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Polymorphic Capital (https://capitalatlas.ai/funds/polymorphic-capital) — Series B
- Yunt Capital (https://capitalatlas.ai/funds/yunt-capital) — Series B
- CyberConnect — Series B