Search company, investor...
Search
Chainflip company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

chainflip.io

Founded Year

2020

Stage

Seed VC | Alive

Total Raised

$10M

Last Raised

$10M | 4 mos ago

About Chainflip

Chainflip is a decentralized protocol that enables cross-chain trading between different blockchains. The company was founded in 2020 and is based in Berlin, Germany.

Chainflip Headquarters Location

Edisonstraße 63

Berlin,

Germany

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Chainflip

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Chainflip is included in 1 Expert Collection, including Blockchain.

B

Blockchain

7,199 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

Latest Chainflip News

Chainflip Labs secures $10 million for cross-chain DEX

May 11, 2022

Download PDF / Print Chainflip Labs is plotting an Initial DEX Offering for later this year. advertisement Chainflip Labs, a Berlin-based startup building a cross-chain decentralized crypto exchange, has raised $10 million from venture capitalists. Framework Ventures, Blockchain Capital and Pantera Capital supplied the funding in exchange for equity in the company, Chainflip announced on Wednesday. No valuation was disclosed. Simon Harman, founder and CEO of Chainflip, told The Block that the startup is trying to “take capital efficiency to the logical extreme” with a simple interface and user experience that negates the need for wrapped tokens or niche wallets. “Really what we’re trying to do is not just build something where you can bridge tokens from one chain to another,” he said. “We’re trying to build something that can displace the role of the centralized exchange in crypto, because frankly speaking they are still the most widely used solution.” While Harman concedes that decentralized exchanges like the Ethereum-based Uniswap have to some extent done that already, he sees Chainflip as unique in not being tied to any one chain. Chainflip has its own network of validators and is running its own blockchain, Harman added. Token sales The company raised $6 million through a private token sale in August 2021. The token, FLIP, will be used as collateral for the protocol’s validators. “The token doesn’t currently exist but we have a range of contracts with 50 distinct investors,” said Harman. Framework Ventures led the token sale, alongside a number of other specialist crypto investment firms. Chainflip is planning an Initial DEX Offering (IDO) to publicly launch the FLIP token later this year. The latest capital injection of $10 million gives the team runway for the next three to four years, Harman said. It also means that the proceeds of the upcoming token sale can be freed up for providing liquidity — both for Chainflip’s automated market-maker (AMM) and for the FLIP token itself. Chainflip is not Harman’s first crypto endeavour. He founded and continues to sit on the board of  Oxen,  a private cryptocurrency and messaging app. Harman began focusing on Chainflip in 2020, and today the company employs some 25 people. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Chainflip Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Chainflip Rank

  • When was Chainflip founded?

    Chainflip was founded in 2020.

  • Where is Chainflip's headquarters?

    Chainflip's headquarters is located at Edisonstraße 63, Berlin.

  • What is Chainflip's latest funding round?

    Chainflip's latest funding round is Seed VC.

  • How much did Chainflip raise?

    Chainflip raised a total of $10M.

  • Who are the investors of Chainflip?

    Investors of Chainflip include Pantera Capital, Blockchain Capital and Framework Ventures.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.