Knit
Cross-Chain Wrapped Assets with Deposit Insurance
Suffolk, United States · Founded 2019 · $28.6M raised
- Headquarters
- Suffolk, Virginia
- Founded
- 2019
- Website
- goknit.com
- Total Funding
- $28.6M
- Last Round
- $16.1M Series AJul 2025
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Knit Finance is a cross-chain DeFi protocol that enables the creation of wrapped synthetic assets (K-Assets) for the top 200 crypto assets across multiple EVM-compatible blockchains. Users deposit assets into insured custody and mint 1:1 K-Assets that can move freely across supported chains while retaining staking capabilities for DPoS assets with airdropped incentives. The protocol focuses on unlocking the full potential of DeFi by bridging liquidity from non-EVM ecosystems into the broader decentralized finance landscape. Knit Finance raised $1 million in seed funding in May 2021 from investors including LD Capital, Bitcoin.com, Momentum 6, Chronos Ventures, and pSquare Capital. The project provides insured custody solutions as a trust layer for cross-chain asset movement, targeting DeFi users who want to access liquidity across chains without sacrificing asset security.
Summary
Knit is a Crypto & Web3 company based in Suffolk, United States, founded in 2019. It has raised $28.6M in total across 4 rounds, most recently a $16.1M Series A round in Jul 2025. Investors include Rise of the Rest Seed Fund, Silicon Road Ventures and Techstars.
Tech & App Stack
8 technologies & apps tracked
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Funding History
Jul 2025
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Funding: Pre-Seed through Series A. Amounts, valuations, and investors where available.
Investors
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