Ithaca
Ithaca was founded in 2023, is headquartered in Hong Kong, Hong Kong, lists 11–50 employees, and has $22.5M in recorded funding across 2 rounds.
- Headquarters
- Hong Kong
- Employees
- 11–50
- Founded
- 2023
- Business Model
- Marketplace
- Website
- ithaca.finance
- Total Funding
- $22.5M
- Last Round
- $20.0M SeedOct 2024
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 5 investors for this company. The full record is or through the API.
About
Ithaca, operating as Ithaca Protocol, is a non-custodial, composable options protocol for decentralized derivatives trading, founded in 2023 by Dimitrios Kavvathas, a former Goldman Sachs and Amber Group executive, and Panos Mekras. Built on Arbitrum with planned expansion to Base and Solana, the protocol uses an auction-based, off-chain matching engine to aggregate liquidity, reduce blockchain congestion, and ensure fair pricing across vanilla and complex structured options products. The company raised $2.5 million in pre-seed funding in January 2024 co-led by Cumberland and Wintermute Ventures, and launched its beta protocol in May 2024.
Summary
Ithaca is a Crypto & Web3 company based in Hong Kong, Hong Kong, founded in 2023. It lists 11–50 employees. It has raised $22.5M in total across 2 rounds, most recently a $20.0M Seed round in Oct 2024. Investors include Paradigm, Cumberland and Wintermute Ventures.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Oct 2024
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Funding: Pre-Seed through Seed. Amounts, valuations, and investors where available.
Investors
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