Sovryn
The largest Bitcoin DeFi dapp
London, United Kingdom · Founded 2020 · $16.5M raised
- Headquarters
- London
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2C
- Website
- sovryn.app
- Total Funding
- $16.5M
- Last Round
- $5.4M Series AOct 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Sovryn is a decentralized, non-custodial Bitcoin DeFi protocol built on the Rootstock (RSK) sidechain, enabling Bitcoin-backed trading with up to 5x leverage, peer-to-peer lending, yield farming, and staking. The platform includes Sovryn Zero (0% interest Bitcoin-collateralized loans), the DLLR bitcoin-backed stablecoin, and a governance system called Bitocracy where SOV token holders vote on protocol decisions. Sovryn has also incubated BitcoinOS, a zk-rollup execution layer bringing EVM, SolanaVM, and MoveVM smart contract capabilities natively to Bitcoin.
Summary
Sovryn is a Financial Services company based in London, United Kingdom, founded in 2020. It has raised $16.5M in total across 3 rounds, most recently a $5.4M Series A round in Oct 2022. Investors include Collider Ventures, General Catalyst and Bering Waters Ventures.
Tech & App Stack
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Funding History
Oct 2022
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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