Tech Company Financing Transactions
Ruby Protocol Funding Round
On 2/24/2022, Ruby Protocol raised $7.3 million in Seed funding from D1 Capital Partners, Digital Strategies and private investors.
Transaction Overview
Company Name
Announced On
2/24/2022
Transaction Type
Venture Equity
Amount
$7,300,000
Round
Seed
Investors
Proceeds Purpose
With the seed funding, Ruby will accelerate core development of its privacy-focused layer-1 blockchain, while expanding research into new decentralized applications, expanded use cases, and team expansion across development and ecosystem growth.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Victoria BC, Undisclosed
Canada
Victoria BC, Undisclosed
Canada
Phone
Undisclosed
Website
Email Address
Overview
Utilizing Functional Encryption (FE) Cryptography, Ruby's modular approach to data sharing and privacy make it the ideal building block for privacy compatible smart contract dApps, while also acting as a privacy layer for Parachains and dApps across the Polkadot ecosystem.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
L. Heisenburg
Co-Founder
Suhas Hegde
Co-Founder
Beni Issembert
VP - Bus. Development
Graeme Fox
VP - Marketing
Kim Fournier
VP - Operations
Tyler Gellatly
Browse more venture capital transactions:
Prev: 2/24/2022: Canary Technologies venture capital transaction
Next: 2/24/2022: Emi venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. All VC database entries on this site come from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs