TeleportDAO, founded in February 2022 and based in Vancouver, Canada, provides a universal bridge protocol that connects blockchains to enable cross-chain data and asset transfers. Its infrastructure lets users move messages, contract calls, tokens, and NFTs between chains and supports both EVM and non-EVM rails. The team has launched teleBTC, a completely decentralized Bitcoin wrapper on Polygon, and TeleSwap, a service built on the bridge that lets users wrap, unwrap, and trade between Bitcoin and Polygon without third-party involvement. TeleportDAO is integrating its technology across wallets, lending applications, and NFT platforms, including integrating TeleSwap into Liquality Wallet, and is building a decentralized marketplace for Bitcoin NFTs (Ordinals). The company intends to use the US$2.5M Seed proceeds to invest in product development and expand its team as it aims to expand to multiple EVM and non-EVM chains to become trusted infrastructure for secure cross-chain interactions.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023