# 1inch Network: Information technology & services, Road Town, British Virgin Islands

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

Source: https://millionrounds.com/startup/1inch-network (Millionrounds; every figure on the page links to its filing or article)

British Virgin Islands · [Information technology & services startup](https://millionrounds.com/companies)

# 1inch Network

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

Funding reported Last round: Series B

Information technology & services Road Town, British Virgin Islands

Company summary

- **Founded:** 2020 6 years old
- **Team:** 30 11 to 50 people
- **Funding reported:** 189.8M as listed, currency not stated
- **Last round:** Series B Dec 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for 1inch Network has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **189.8M** in the source's currency

Last round **Series B**

Last round size **175M**

Last round date **Dec 2021**

## On 4 portfolio pages

Investors who name them

- [Spark Digital Capital](https://millionrounds.com/fund/spark-digital-capital)
- [Genblock Capital](https://millionrounds.com/fund/genblock-capital)
- [IOSG Ventures](https://millionrounds.com/fund/iosg-ventures)
- [gumi Cryptos Capital](https://millionrounds.com/fund/gumi-cryptos-capital)

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

b2b blockchain decentralized finance defi protocols cryptocurrency ecosystem gas fee optimization decentralized exchanges token routing algorithm portfolio management portfolio tracking staking liquidity cryptocurrency cryptocurrency swaps dex aggregation cryptocurrency trading cryptocurrency liquidity

Built with from their website

Tailwind CSS Microsoft 365 Multilingual Cloudflare Bot Management Stripe Stripe Payments Bing Amazon AWS Next.js Apple iOS

+8 more

Google Analytics Element UI RudderStack Amazon S3 CloudFlare CDN Google Tag Manager Notion Cloudflare Rocket Loader

- **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

Startups like it

- [**Pharos Network** Road Town · founded 2024](https://millionrounds.com/startup/pharos-network)
- [**Flare Network** founded 2019](https://millionrounds.com/startup/flare-network)
- [**Nibiru** Road Town · founded 2022](https://millionrounds.com/startup/nibiru-2)
- [**Dimitra Technology** Belize City · founded 2019](https://millionrounds.com/startup/dimitra-technology)
- [**Zeebu** founded 2023](https://millionrounds.com/startup/zeebu)
- [**Bazaars** Road Town · founded 2022](https://millionrounds.com/startup/bazaars)
- [**Vitreus** Road Town · founded 2023](https://millionrounds.com/startup/vitreus)
- [**CrossCurve** Road Town](https://millionrounds.com/startup/crosscurve)

## Is this your company?

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