Sommelier

About

The new coprocessor for Ethereum. Move your DeFi assets into higher yields faster and cheaper.

San Francisco,California,United States
1 - 10
https://sommelier.finance/

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $23M
Industries: Blockchain,Ethereum,Software
Founded date: Jan 1, 2020
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Sommelier

Sommelier consists of the Cosmos Stargate SDK, its Tendermint-based consensus layer and a decentralized, bi-directional Ethereum bridge, managed by a global network of validators. Liquidity Providers (LPs) will be able to use Sommelier to author and execute complex, automated financial transactions, such as portfolio rebalancing, limit orders, as well as a host of other features that token holders have come to expect from centralized finance (CeFi), but that are not currently available in DeFi.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$27.50M

Sommelier has raised a total of $27.50M in funding over 2 rounds. Their latest funding was raised on Oct 20, 2021 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 20, 2021	Series A	$23M	8	Polychain	—	Detail
Apr 14, 2021	Grant	$1M	1	The Graph	—	Detail
Mar 10, 2021	Seed	$3.50M	5	Standard Crypto	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

13

Sommelier is funded by 13 investors. Polychain and The Graph are the most recent investors.

Investor Name	Lead Investor	Funding Round
Polychain	Yes	Series A
The Graph	Yes	Grant
Standard Crypto	Yes	Seed
Alameda Ventures	—	Series A
Byzantine Partners	—	Series A
D1 Ventures	—	Series A
Ferngrove Ventures	—	Series A
Ignite	—	Series A
Secure Ventures	—	Series A
Zola Global Investors	—	Series A