Ithaca
Hong Kong, Hong Kong · Founded 2023 · $22.5M raised
- 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
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 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
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Oct 2024
Sign up to see all 2 rounds
Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
FTX provides field service management and asset management solutions.
Blockchain-based prediction market platform allowing users to trade on the outcomes of real-world...
Circle combines blockchain infrastructure, digital assets, and applications in a single integrate...
One of the world's largest and longest-running cryptocurrency exchanges, offering trading, stakin...
NYDIG is a vertically integrated bitcoin financial services and infrastructure firm.
Fireblocks provides digital asset and stablecoin infrastructure, enabling organizations to secure...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/ithaca"><img src="https://indexed.vc/api/badge/company/ithaca" alt="Ithaca on Indexed.vc" width="260" height="76" /></a>