How much funding has Sovryn raised?

Sovryn has raised $16.5M in total funding, most recently a Series A round.

Who are Sovryn's investors?

Sovryn's investors include Collider Ventures, General Catalyst, Bering Waters Ventures, Pomp Investments, Greenfield, Monday Capital.

Where is Sovryn headquartered?

Sovryn is headquartered in London, United Kingdom.

What industry is Sovryn in?

Sovryn operates in Financial Services, Crypto & Web3, DeFi, Fintech.

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

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.

LinkedIn X (Twitter)GitHub