Predict your next investment

Vega Protocol company logo
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
vega.xyz

See what CB Insights has to offer

Founded Year

2018

Stage

Seed VC - II | Alive

Total Raised

$10M

Last Raised

$5M | 6 mos ago

About Vega Protocol

Vega Protocol is a protocol for creating and trading derivatives on a fully decentralized network.

Vega Protocol Headquarter Location

Suite 23 Portland House Glacis Road

GX11 1AA,

Gibraltar

Latest Vega Protocol News

KR1 plc - Investment Update: Vega Protocol

Mar 19, 2021

03/19/2021 | 08:42am EDT Message : Investment Update: Vega Protocol KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that Vega Protocol (“VEGA”), a portfolio project of KR1, has completed a successful US$5 million funding round led by Arrington Capital and Cumberland DRW. The funding round included participation from previous backers, as well as new backers like Coinbase Ventures and ParaFi Capital. KR1 is also pleased to announce the Company’s participation in the recent funding round,  investing a further US$150,000 in exchange for 194,999.17 VEGA tokens at a price of US$0.77 per token. This investment comes in addition to KR1’s seed round participation, announced in October 2019. Across both funding rounds, the Company now holds a total of 842,493.91 VEGA tokens. Vega is a decentralised derivatives protocol that allows anyone to launch markets and eliminates centralised gatekeepers to provide high throughput, low-fee trading in a capital efficient way. In doing so, the protocol bridges the immense industry of derivatives in traditional finance with the still nascent and rapidly evolving world of decentralised finance. Vega is currently advancing towards its mainnet release, with future plans including self-custodied cross-chain collateral, a trustless bridge into the Ethereum ecosystem, as well as bridges into other major blockchains such as Bitcoin, Polkadot and Cosmos. George McDonaugh, Managing Director and Co-Founder of KR1, commented: “Vega is one of the most anticipated projects in our portfolio and we are very happy to be able to support the team again in this latest round, especially considering the incredible progress they have made. A core excitement of the blossoming decentralised finance ecosystem has always been about the potential to open up financial infrastructure for everyone in a fair way and Vega will prove to be a major step change towards this becoming a mainstream reality.” The Directors of KR1 plc accept responsibility for this announcement. --ENDS--

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 Vega Protocol

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

Vega Protocol is included in 2 Expert Collections, including Blockchain.

B

Blockchain

2,970 items

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

F

Fintech

10,750 items

Excludes US-based companies

Vega Protocol Web Traffic

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

Vega Protocol Rank

CB Insights uses Cookies

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.