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Acala Network

company

About

Acala Network is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications.

  • 11 - 50

Highlights

Total Funding Amount
$8.65M
Funding Rounds
2
Investors
8

Details

Last Funding Type
Series A
Last Funding Money Raised
$7.30M
Industries
Finance,Financial Services,FinTech
Founded date
Oct 1, 2019
Number Of Employee
11 - 50
Operating Status
Active

Acala Network is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications. It offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets such as Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity to power more financial innovations.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$8.65M
Acala Network has raised a total of $8.65M in funding over 2 rounds. Their latest funding was raised on Aug 27, 2020 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 27, 2020 Series A $7.30M 7 Pantera Capital — Detail
Mar 27, 2020 Seed $1.35M 3 — — Detail

Investors

Number of Lead Investors
Number of Investors
1
8
Acala Network is funded by 8 investors. Pantera Capital and CoinFund are the most recent investors.
Investor Name Lead Investor Funding Round
Pantera Capital Yes Series A
CoinFund — Series A
SNZ Holding — Series A
KR1 — Series A
ParaFi Capital — Series A
Arrington XRP Capital — Series A
1confirmation — Series A
Goodmore Capital — Seed
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