Satori Raises $10M in Seed Funding

Satori, San FranciscoCA-based provider of a decentralized derivatives platform Polkadot, raised $10M in Seed funding.

TheRound was led by Polychain Capital Blockchange VenturesParticipation from Jump Crypto, Gavin Wood, Coinbase Ventures, Portal, Acala, Astar, Parallel, Clover.

TheThe company plans to use these funds to increase headcount on the engineering side, as well to build out and strengthen its security team and reliability team to support institutional-grade derivatives.

LedBy co-founders and other financial professionals. Rahim Noorani(previously at) Goldman Sachs Scale Ventures), and George Wu(previously at) Optiver), SatoriThis is an on-chain exchange for derivatives that has been designed for both institutional and retail investors inThe Polkadot ecosystem. Geared towards experienced traders, the exchange is allowing investors to exploit the potential of DOT by giving traders access to their own, dedicated derivatives platform—working with parachains, market makers, and retail users across the ecosystem.

SatoriPublic launch inIn the coming weeks, it will be available to users across the globe Moonbeam, Acala, Parallel, Astar, Clover. 

FinSMEs

16/05/2022

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