# Bancor: Financial services, Zug, Switzerland

> Bancor: Bancor is a decentralized finance (DeFi) protocol and ecosystem of open-source protocols established in 2017. Based in Zug, Switzerland. Founded 2016.

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

Switzerland · [Financial services startup](https://millionrounds.com/companies)

# Bancor

Bancor is a decentralized finance (DeFi) protocol and ecosystem of open-source protocols established in 2017.

Email

Funding reported Last round: Seed

Financial services Zug, Switzerland

Follow Bancor and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Fbancor)

Company summary

- **Founded:** 2016 10 years old
- **Team:** 67 51 to 200 people
- **Funding reported:** 152.3M as listed, currency not stated
- **Last round:** Seed Feb 2018

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 Bancor 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 Bancor

Bancor is a decentralized finance (DeFi) protocol and ecosystem of open-source protocols established in 2017.

It is recognized as the first Automated Market Maker (AMM) on the blockchain, enabling transparent and permissionless trading without centralized intermediaries. Founded by Eyal Hertzog, Guy Benartzi, and Galia Benartzi, Bancor is headquartered in Zug, Switzerland, and operates as a non-profit foundation dedicated to promoting its protocol and fostering innovation in on-chain trading. Bancor offers a range of decentralized financial services, including automated market making, liquidity provision, and token creation. Users can trade tokens directly from their wallets using liquidity pools managed by smart contracts. The platform supports community governance through its native token, BNT, allowing stakeholders to participate in protocol decisions. One of its flagship products, Carbon DeFi, is an automated trading protocol that enhances trading flexibility on the Ethereum Mainnet. Bancor serves a global community of DeFi traders, liquidity providers, and token creators, contributing significantly to the evolving landscape of decentralized finance.

## What company datasets say Bancor raised

Funding, as reported

Reported in all **152.3M** in the source's currency

Rounds **3**

Last round **Seed**

Last round date **Feb 2018**

## On 2 portfolio pages

Investors who name them

- [Draper Associates](https://millionrounds.com/fund/draper-associates)
- [Hyperchain Capital](https://millionrounds.com/fund/hyperchain-capital)

Each firm lists Bancor 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

blockchain decentralized finance trading system defi decentralized protocols concentrated liquidity arbitrage infrastructure information technology & services asymmetric liquidity financial services finance price parity auto-compounding information technology arbitrage fast lane token projects

Built with from their website

Google Maps CodePen Google Calendar CloudFlare CDN Google Tag Manager Medium iTunes Priority Hints React Google Sheets

+8 more

Google Font API Envoy HSTS Google Plus Nginx Google Cloud reCAPTCHA Enterprise PWA Cloudflare Insights

- **Sector:** Financial services
- **Industry code:** NAICS 52315, 523210, SIC 6732, 6211
- **Region:** Zug
- **Revenue:** 3M a year, as listed

## Financial services in Switzerland

Startups like it

- [**Loanboox** Zuerich · founded 2015 *Raised*](https://millionrounds.com/company/loanboox)
- [**OrangeX** Bern *Raised*](https://millionrounds.com/company/orangex)
- [**Digital Assets DA AG** Startup](https://millionrounds.com/startup/digital-assets-da-ag)
- [**STOXX** Zug · founded 1998](https://millionrounds.com/startup/stoxx)
- [**AMINA Bank** Zug · founded 2018](https://millionrounds.com/startup/amina-bank)
- [**Self Custody** Baar · founded 2014](https://millionrounds.com/startup/self-custody)
- [**Sygnum Bank** Zurich · founded 2017](https://millionrounds.com/startup/sygnum-bank)
- [**Alpian Bank** Geneva · founded 2019](https://millionrounds.com/startup/alpian-bank)

## Is this your company?

Add your raise, your deck and your story, and put Bancor in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)