Tech Company Financing Transactions
Sommelier Funding Round
Standard Crypto, Alameda Ventures and Multicoin Capital invested in a $3.5 million Seed funding round for Sommelier. The round was announced on 3/12/2021.
Transaction Overview
Company Name
Announced On
3/12/2021
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds for the development of its multichain protocol and its flagship decentralized finance (DeFi) applications, which are expected to launch in Q1 2021.
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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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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