# Utexo funding: rounds and investors

> Utexo has raised $7.5M across 1 round since 2026. Investors include Franklin Templeton, Arca and KuCoin Labs. Every round with its source.

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

[Seed startup](https://millionrounds.com/companies)

# Who invested in *Utexo*

One round we have observed, with the 5 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

Raised 8 months ago

Funding summary Updated 26 Oct 2026

**$7.5M** raised across 1 round since 2026, from 1 source

- **Latest round:** Seed, $7.5M Mar 2026
- **Investors:** 5

See who backed them

## The rounds

- **Mar 2026** Seed **$7.5M** [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Arca](https://millionrounds.com/fund/arca) [KuCoin Labs](https://millionrounds.com/fund/kucoin-labs) [Tether](https://millionrounds.com/fund/tether) [Danish Chaudhry](https://millionrounds.com/fund/danish-chaudhry) Source recorded

## Founders and team

From Utexo's own website: 3 founders.

**Chris Hutchinson** Co-founder

**Renat Skitsan** Co-founder

**Viktor Ihnatiuk** Co-founder

## Everyone who backed them

[Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round

[Arca](https://millionrounds.com/fund/arca) VC firm **1** round

[KuCoin Labs](https://millionrounds.com/fund/kucoin-labs) Corporate VC **1** round

[Tether](https://millionrounds.com/fund/tether) Investment firm **1** round

[Danish Chaudhry](https://millionrounds.com/fund/danish-chaudhry) Angel **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=utexo).

## Also claim to have backed them

These 2 firms list Utexo as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Big Brain Holdings](https://millionrounds.com/fund/big-brain-holdings) VC firm Per its own site

[Maven 11 Capital](https://millionrounds.com/fund/maven-11) VC firm Per its own site

## Quick answers about Utexo

### Who invested in Utexo?

Utexo's investors include Franklin Templeton, Arca, KuCoin Labs, Tether and Danish Chaudhry.

### How much has Utexo raised?

Utexo has raised $7.5M across 1 round since 2026.

### When did Utexo last raise?

Utexo's most recent round was a Seed of $7.5M in Mar 2026.

### What was Utexo's biggest round?

Its most recent round, $7.5M in Mar 2026, is also its largest on record.

### Who backed Utexo first?

Utexo's first round on record, in Mar 2026, was backed by Franklin Templeton, Arca and KuCoin Labs and 2 others.

### What stage is Utexo at?

Utexo's latest named round is a Seed, in Mar 2026.

## Companies like Utexo

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

[**OpenFX** $94M · Mar 2026](https://millionrounds.com/company/openfx)[**VeryAI** $10M · Mar 2026](https://millionrounds.com/company/veryai)[**OP_NET** $5.0M · Mar 2026](https://millionrounds.com/company/op-net)[**Kresus Labs** $13M · Feb 2026](https://millionrounds.com/company/kresus-labs)[**Stacks** $23M · Feb 2026](https://millionrounds.com/company/stacks)[**Opinion Labs** $20M · Feb 2026](https://millionrounds.com/company/opinion-labs)

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