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Satflow, a Bitcoin Trading Platform, raised $7.6M in latest Seed round


Bitcoin Trading

August 15, 2024


Satflow raised $7.6 million in a Seed funding round led by Variant with participation from UTXO Management, Asymmetric, Memeland, Robot Ventures, Coinbase Ventures, CMS Holdings, Dan Held, Hash3, Bitcoin Frontier Fund, Nick Hansen, domo, FarmerJoe, Danny Diekroeger, Sora Ventures, Nascent, Udi Wertheimer, and others

Project

Latest Raise

Latest Raise Date

Stage

Lead Investor

Category

SatFlow

$7.6M

August 15, 2024

Seed Round

Variant

Bitcoin

Raised funds are intended to develop an optimal trading experience on Bitcoin. The resurgence of Bitcoin through Ordinals and Runes has drawn users and developers, bringing billions in value and surpassing existing tools. Experimental protocols now handle substantial value, necessitating infrastructure tailored for market makers and high-volume traders to maintain growth.


Current Bitcoin DEXs fall short for professional traders who require advanced order types, high-speed data, and liquidity pools. Traditional Web2 models impede progress due to conflicting interests. Satflow aims to address these challenges, elevate Bitcoin Layer 1 to institutional standards, and enhance decentralization.


About SatFlow

SatFlow’s Connect platform offers a comprehensive solution for managing and optimizing satellite communication networks. It provides real-time monitoring, automated fault detection, and performance analytics to ensure efficient and reliable satellite operations. The platform is designed to support various satellite applications, including broadcasting, broadband, and IoT, by enhancing connectivity and reducing operational costs. With its user-friendly interface and advanced features, Connect aims to streamline satellite network management and improve overall service quality.


 

About Investor

Investor: Variant

Variant is a venture capital firm dedicated to investing in the next generation of the internet, focusing on projects that turn users into owners. Founded on the principle that decentralized networks can grow faster and more equitably than traditional centralized systems, Variant supports early-stage and growth businesses within the blockchain and web3 space. The firm employs a research-driven approach to investing, backing visionary founders and providing guidance on market strategies, token design, and community building. Variant's portfolio includes a diverse range of projects aimed at empowering users and fostering innovation in decentralized finance (DeFi), consumer applications, and infrastructure.


Location:  Brooklyn, NY

 

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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