Tech Company Financing Transactions
Sommelier Funding Round
On 10/21/2021, Sommelier announced $23 million in Series A funding from Polychain Capital, Alameda Ventures and Byzantine Partners.
Transaction Overview
Company Name
Announced On
10/21/2021
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Series A
Investors
Polychain Capital (Lead Investor) (Olaf Carlson-Wee)
Proceeds Purpose
The financing will enable the team to upgrade the Sommelier network software to launch Sommelier Cellars, a layer of liquidity management software targeting the top Ethereum and Ethereum Virtual Machine compliant blockchains as well as the rapidly growing Layer 2 liquidity pools.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Sommelier is a bet that Ethereum will be a dominant player in the global economy. Sommelier consists of the Cosmos Stargate SDK, its Tendermint-based consensus layer and a decentralized, bi-directional Ethereum bridge, managed by a global network of validators.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Tony Arcieri
Co-Founder
Kevin Kennis
Co-Founder
Justin Kilpatrick
Co-Founder
Federico Kunze
Co-Founder
Zaki Manian
Co-Founder
Kristi Põldsam
Co-Founder
Deborah Simpier
Co-Founder
Shella Stephens
Co-Founder
Jehan Tremback
Co-Founder
Jack Zampolin
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