Orthogonal
222 West Merchandise Mart Plaza Suite 228, Chicago, IL, 60654, United States
Overview
Orthogonal works with innovative medical device startups and medical device companies to design and build connected care systems that combine connected devices and sensors, mobile technology, and cloud computing.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Android
- Health Care
- iOS
- Medical Device
- Software
Investment portfolio
- Lyra Finance
Participated · Seed · Jul 2021
Lyra is an options trading protocol deployed on Optimism that recently launched a testnet and plans a mainnet launch in September. The protocol is integrated with Synthetix, which allows Lyra to hedge risk for liquidity providers and helps keep fees low for traders. Lyra aims to bring scalable, capital-efficient options trading to DeFi, addressing a market that has struggled to find traction. The team launched its testnet less than a month before the article and intends to use the newly raised funds to hire additional engineers. ParaFi Capital described Lyra’s novel on-chain pricing mechanism, Synthetix integration, and Optimism deployment as key to introducing traders and liquidity providers to the protocol.