# Ducat Protocol funding: rounds and investors

> Ducat Protocol has raised $1.5M across 1 round since 2025. Every round with its source.

Source: https://millionrounds.com/company/ducat-protocol (Millionrounds; every figure on the page links to its filing or article)

United States · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Ducat Protocol*

One round we have observed, with the 0 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$1.5M** raised across 1 round since 2025, from 1 source

- **Latest round:** Pre-seed, $1.5M May 2025
- **Investors:** 0

See who backed them

## The rounds

- **May 2025** Pre-seed **$1.5M** No investor was named in the report. Source recorded

## Founders and team

From Ducat Protocol's own website: 3 founders.

**David Evans** Co-Founder & CEO

**Alex Forshaw** Co-Founder & CPO

**Lucas Rodriguez Benitez** Co-Founder & CTO

## Also claim to have backed them

This firm lists Ducat Protocol as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Marin Digital Ventures](https://millionrounds.com/fund/marin-digital-ventures) VC firm Per its own site

## Quick answers about Ducat Protocol

### How much has Ducat Protocol raised?

Ducat Protocol has raised $1.5M across 1 round since 2025.

### When did Ducat Protocol last raise?

Ducat Protocol's most recent round was a Pre-seed of $1.5M in May 2025.

### What was Ducat Protocol's biggest round?

Its most recent round, $1.5M in May 2025, is also its largest on record.

### What stage is Ducat Protocol at?

Ducat Protocol's latest named round is a Pre-seed, in May 2025.

### Where is Ducat Protocol based?

Ducat Protocol is based in the United States.

## Companies like Ducat Protocol

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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