British Virgin Islands · Information technology & services startup

1inch Network

1inch Network is a decentralized finance (DeFi) platform founded in 2020, focused on optimizing cryptocurrency token swaps across various blockchain networks.

Funding reportedLast round: Series B

Information technology & servicesRoad Town, British Virgin Islands

About 1inch Network

1inch Network is a decentralized finance (DeFi) platform founded in 2020, focused on optimizing cryptocurrency token swaps across various blockchain networks.

Headquartered in the Cayman Islands, with additional locations in Tortola and Zug, the company has raised a total of $189.8 million in funding, achieving a Series B valuation of $2.25 billion. The platform offers a range of DeFi solutions, including a decentralized exchange (DEX) aggregator that sources liquidity from multiple exchanges to enhance swap rates. Its proprietary Pathfinder Algorithm identifies the most efficient trading routes, while the mobile wallet provides a secure option for DeFi transactions. Additional services include liquidity aggregation, limit orders, automated market making, MEV protection, and intent-based swaps. 1inch Network is also planning to introduce a protocol insurance product. The company primarily serves individual users and developers in the DeFi sector and is exploring opportunities to provide services to mainstream financial institutions.

What company datasets say 1inch Network raised

Funding, as reported

Reported in all189.8Min the source's currency
Last roundSeries B
Last round size175M
Last round dateDec 2021

On 4 portfolio pages

Investors who name them

Each firm lists 1inch Network on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

b2bblockchaindecentralized financedefi protocolscryptocurrency ecosystemgas fee optimizationdecentralized exchangestoken routing algorithmportfolio managementportfolio trackingstaking liquiditycryptocurrencycryptocurrency swapsdex aggregationcryptocurrency tradingcryptocurrency liquidity

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Sector
Information technology & services
Industry code
NAICS 5231, 523999, 513210, SIC 6732
Region
Tortola
Revenue
850k a year, as listed

Information technology & services in British Virgin Islands

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