Symbiont

blockchain

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Symbiont has developed the market-leading platform for institutional applications of blockchain technology. Symbiont smart contracts enable complex instruments to live their entire lifecycle on a truly decentralized, enterprise blockchain network with end-to-end privacy. Institutions are working with Symbiont to develop new business lines, increase transparency, reduce risk, and save costs. Industry leaders such as IPREO, Ranieri and Vanguard have chosen to partner with Symbiont. Headquartered in New York City, Symbiont is a financial technology company founded by a team of experts in capital markets and blockchain technology.

MEDICI Analysis

Symbiont was formed as a combination of MathMoney (fx) and Counterparty. It is building a trading & issuance platform – ‘Smart Securities’ (self-executing digital contracts), utilizing the blockchain technology. They issued their first Smart Securities in Aug 2015 with initial use cases – corporate debt, syndicated loans, securitized instruments & private equity.

Focus

PRODUCTS & SERVICES

Decentralid trading

MAIN CLIENTS

Asset managers

Banks and Government

Traction

VALUATION / MARKET CAP:

$46.67 M in 2017

People

FOUNDERS

Evan Wagner

Robby Dermody

Adam Krellenstein

BOARD MEMBERS AND ADVISORS

Neil DeSena

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Atlantic Merchant Capital

Celeridem Capital Management

Citi Ventures

DHVC

Galaxy Digital LP

Hundsun Technologies

Kayon Partners

Raptor Group

SenaHill Partners

Wicklow Capital

KEY EMPLOYEES:

Adam Krellenstein(CTO); Mark Smith(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$35.38 M

DATE OF LAST FUNDING

Feb 2019

SEED & PRIOR FUNDING

$375 K

SEED CLOSED ON

Jun 2014

FUNDING SERIES

SERIES A  · $15 M  · May 2017

SERIES B  · $20 M  · Feb 2019

LISTED

NO

COMMENT

Venture funding: $7 M(Jan 2016)

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp