Flux Token | VCINVEST DATA

Jasper and Peter began building in crypto separately in early 2017. Before starting Flux, Jasper began his development career developing blockchain proof of concepts for large dutch corporations, before transitioning to Plasma research under Finality Labs funded by the Ethereum Foundation. Before starting Flux, Peter founded EveryDapp.com the first platform for decentralized app curation and ranking, which provided users and developers with an easy platform to discover and publish new apps. Jasper and Peter met at ETH Berlin 2018 and where they began working on the first application for derivatives on startups. This application was built on top of Ethereum, Augur, Maker, and 0x Protocol. It was during this process that they identified core problems in Augur, Chainlink's and Ethereum's performance, which would hinder any mainstream adoption. Flux Protocol is built on top of leading layer one protocols like NEAR Protocol, funded by top investors like a16z, Pantera Capital, and Coinbase Ventures. By building on next generation layer ones, Flux is able to achieve mainstream capable scalability, best in class usability, and a category redefining oracle design.

Funding

Funding rounds

Seed USD 10,300,000

USD 10,300,000 (20 May 2021)

	Profile	Country	Notes
Distributed Global	Asset management company exclusively focused on digital and blockchain-based digital assets.	United States	Initial investment. Led the round.
Coinbase Ventures	The corporate venturing arm of Coinbase investing in companies building the open financial system.	United States	Initial investment. Round participant.
CoinFund LLC	Blockchain technology research company, advisory team, and private cryptoasset-focused investment vehicle.	United States	Initial investment. Round participant.
Figment Capital	The investment arm of Figment, focused on investing in blockchain companies.		Initial investment. Round participant.
Greenfield One	Early-stage crypto and blockchain venture capital firm.	Germany	Initial investment. Round participant.
IOSG Ventures	Community-friendly and research-driven early-stage venture firm across China, the US and Singapore.		Initial investment. Round participant.
Jabre Capital	Independent wealth management firm and multi-family office.		Initial investment. Round participant.
Maven 11 Capital			Initial investment. Round participant.
Reciprocal Ventures	New York City based venture capital (VC) firm, focused exclusively on FinTech.	United States	Initial investment. Round participant.
Uncorrelated Ventures	Venture capital firm focused on infrastructure software.	United States	Initial investment. Round participant.
Zee Prime Capital			Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	Flow Ventures	Early-stage venture firm which invests in the tokenized economy that fuels the decentralised web 3.0.		Initial investment. Round participant.