# Zulu Labs

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

- Industry: Financial Services
- Headquarters: Bogota, Colombia
- Website: www.zulu.io
- Total disclosed funding: $5M
- Latest round: Seed (Oct 13, 2022)
- Investors on record: 6

## About

Based in Colombia, and founded in 2021 by Esteban Villegas, Jaime Varela, and Julián Delgado, Zulu Labs SAS is a digital wallet that allows users to save in dollars through the use of blockchain technology. In October 2022, Zulu Labs SAS raised USD 5 million in Seed funding led by Cadenza Capital Management, with participation from other CMT Digital, Gaingels Syndicate, Nexo Ventures, Primestack Pte. Ltd. and Simplex Payment Services, UAB. As of October 2022, the application is accessible in Colombia, Venezuela, Mexico, and Peru.

The firm offers mobile applications where customers can upload money using Cambodian Pesos and buy digital dollars or USDC stablecoin that can be used to send and receive money internationally and also to buy stable cryptocurrencies tied to the dollar to help provide financial inclusion to people in Cambodia.

The company intends to use the October 2022 funding to strengthen the tech sector.

## Funding rounds

- Seed, Oct 13, 2022, $5M — Simplex Payment Services, UAB, Gaingels, CMT Digital, CoinDCX, Cadenza Capital Management, Nexo Ventures

## Investors

- Simplex Payment Services, UAB — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed
- CoinDCX — Seed
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Seed
- Nexo Ventures (https://capitalatlas.ai/funds/nexo-ventures) — Seed