ShapeShift is a Switzerland-based web and API blockchain asset exchange platform that provides instant Bitcoin and altcoin conversion. Formed in August 2014, the platform emphasizes consumer protection and efficiency by allowing users to trade without creating accounts, depositing funds, or supplying private personal information. This design aims to keep users safe from identity and financial theft, and the company does not use banks or political currencies in its operations. ShapeShift closed a $10.4M Series A funding round in 2017. The company says it will use the capital to expand its engineering team and to release new products in 2017. Investors in the round included Earlybird Venture Capital, Lakestar, Blockchain Capital, Pantera Capital, Access Venture Partners, FundersClub, Digital Currency Group and founder and CEO Erik Voorhees. ShapeShift is an account‑free cryptocurrency conversion service created by bitcoin pioneer Erik Voorhees. It provides a universal, non‑custodial converter that lets users deposit one digital currency and receive another without signing up or providing personal information. The site enforces a strict no‑fiat policy, anonymizes traffic, and supports about 1,300 currency combinations accessible via an API for programmers. ShapeShift reported doing the equivalent of $2 million in trading volume in July. The company raised $1.6 million in cash from the Digital Currency Group, Roger Ver and angels Bruce Fenton, Trevor Koverko and Michael Terpin. Voorhees envisions a future where currency conversions happen as quickly as they do on ShapeShift, emphasizing speed and convenience over traditional exchanges.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2017