Participated · Series B · Mar 2022

CoinRoutes is a Miami, FL-based algorithmic trading platform that provides institutional clients with pure-play crypto SaaS trading technology. Its product suite includes trading algorithms, market access, transaction cost analysis (TCA), and market data. The company consolidates market data and offers algorithmic trading for over a thousand spot and derivative instruments from more than 50 major exchanges and liquidity providers, operating 24/7. A patent-pending distributed architecture allows clients to retain control over their wallets and keys. Led by CEO Dave Weisberger, CRO Michael Holstein, and CTO Ian Weisberger, CoinRoutes raised $16M in a Series B and plans to use the funds to expand operations and broaden its business reach.

Participated · Initial Coin Offering · Dec 2021

1inch is an aggregator of dozens of decentralized exchange protocols that helps traders find the best exchange rates across multiple DEXs. The protocol has been widely used on Ethereum, approaching 1 million users on-chain, with about 195,000 users interacting in the past 30 days and over $100 billion in trades executed over the last two years. 1inch competes with services such as Matcha (0x) and ParaSwap. The project recently completed a $175 million private token Series B rather than a traditional equity financing. The company has faced regulatory friction, including blocking U.S. IP addresses, and is developing a permissioned product, 1inch Pro, that will comply with KYC/AML and keep liquidity pools segregated. 1inch Limited will provide liquidity for 1inch Pro; there is no release date yet as the team is working through the regulatory landscape with law firms. 1inch provides a non-custodial crypto exchange aggregation platform that finds competitive prices and liquidity across decentralized exchanges. The team recently released version 2 of its protocol, which centers on Pathfinder — an API with a discovery and routing algorithm — and an improved user interface. The v2 enhancements reportedly deliver better swap rates, significantly reduce failed transactions, and lower the probability of failures. 1inch says it has additional products in the pipeline and plans to reveal them soon. Proceeds from the latest financing will be used to further develop the platform’s product line, recruit talent, expand into other markets, and amplify marketing activities. The company previously completed a seed round in August 2020. 1inch is a DEX liquidity aggregator that pulls liquidity from decentralized exchanges including Uniswap, Kyber, Bancor and Mooniswap to execute ERC-20 token swaps with lower slippage. Launched at the ETHGlobal hackathon by software engineers Sergej Kuntz and Anton Bukov, the platform has processed over $1 billion in aggregate smart-contract volume. It is facilitating more than $20 million in trades daily and has about 17,700 registered wallets. The team currently counts 16 people and plans to expand using the new capital. 1inch intends to release its own token and provide liquidity mining (yield farming) on Mooniswap in the coming months. The company will use the investment to fund team expansion, new product development and marketing.