1inch provides decentralized financial solutions by aggregating liquidity across numerous decentralized exchanges. The platform ensures users receive the best possible prices while minimizing slippage and transaction costs.
Beyond token swaps, 1inch offers liquidity protocols, limit orders, wallets, and cross-chain capabilities, serving both retail traders and advanced DeFi users.
What Is 1inch and What Does It Do?
1inch, founded in 2020, is a DeFi company headquartered in Tortola, British Virgin Islands.
The company develops a decentralized exchange aggregation protocol that sources liquidity from multiple platforms across blockchains such as Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism. Its ecosystem includes aggregation protocols, liquidity pools, limit-order systems, and a non-custodial wallet.
1inch employs between 11-50 people, operating globally within the decentralized finance ecosystem.
How Much Funding Has 1inch Raised?
1. Seed Round
- Amount Raised: $2.8M
- Date: August 2020
- Lead Investors: Binance Labs
- Motivation: To develop the initial DEX aggregation protocol and expand blockchain integrations.
2. Series A
- Amount Raised: $12M
- Date: December 2020
- Lead Investors: Pantera Capital
- Motivation: To scale protocol adoption and improve liquidity routing algorithms.
3. Series B
- Amount Raised: $175M
- Date: December 2021
- Lead Investors: Amber Group
- Motivation: To expand cross-chain capabilities, improve security, and grow the global DeFi ecosystem.
Total Funding Raised: $190 Million
Current Valuation: $2.25 Billion (as of Dec 2021)
Latest Funding Date: December, 2021
Key Investors
1. Amber Group
- Details: A global digital asset platform offering crypto trading, liquidity, and financial services.
- Investment Focus Areas: Digital assets, blockchain infrastructure, DeFi.
- Notable Investments: 1inch, Kollider, KeeperDAO.
2. Pantera Capital
- Details: One of the earliest institutional investors in blockchain and cryptocurrency projects.
- Investment Focus Areas: Blockchain technology, digital assets, DeFi.
- Notable Investments: 1inch, Circle, Ripple, Coinbase.
3. Binance Labs
- Details: The venture capital and incubation arm of Binance, supporting early-stage blockchain startups.
- Investment Focus Areas: Blockchain, Web3, DeFi.
- Notable Investments: 1inch, Polygon, Axie Infinity.
4. Dragonfly Capital
- Details: A global crypto-focused investment firm supporting decentralized infrastructure projects.
- Investment Focus Areas: DeFi, Web3, blockchain protocols.
- Notable Investments: 1inch, Avalanche, NEAR Protocol.
Where Is 1inch’s Headquarters?
1inch is headquartered in Tortola, British Virgin Islands, reflecting its global and decentralized operating structure.
What’s Next for 1inch?
1inch is focused on expanding cross-chain liquidity aggregation, improving gas efficiency, and enhancing security across its protocols. As DeFi adoption accelerates, the company is well-positioned to remain a core infrastructure provider powering decentralized trading at scale.
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