When was Derive founded?

Derive was founded in 2021 and raised its 1st funding round 5 years after it was founded.

Where is Derive located?

Derive is headquartered in George Town, Cayman Islands.

How many employees does Derive have?

As of Aug 31, 2026, the latest employee count at Derive is 21.

Is Derive a funded company?

Derive is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 02, 2026.

When was the latest funding round of Derive?

Derive's latest funding was a $***** Seed round on Feb 02, 2026, with participation from 1 investor. Its primary sector is Cryptocurrencies. In Cayman Islands, the Cryptocurrencies sector has seen $10M in funding in 2026 to date.

Where does Derive rank among its competitors?

Derive ranks 7th amongst 24 active competitors, of which 11 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Derive, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Derive?

Derive's top competitors include Chainge, RYSK and Forward. Among them, Derive secured the most recent funding round in February, 2026.

Derive - 2026 Company Profile, Funding & Competitors

Company Details

Provider of onchain institutional-grade trading for crypto options and futures. It delivers speed and trading onchain, with features for traders. The company offers portfolio margin and unified collateral management. It provides infrastructure with security principles. The company offers orderbook with offchain matching and low latency streaming.

Key Metrics

Founded Year

2021

Location

George Town, Cayman Islands

Stage

Seed

Latest Funding Round

Seed, Feb 02, 2026, $*****

Investors

Variant Fund

Ranked

7^th among 24 active competitors

Employee Count

21 as on Aug 31, 2026

Similar Companies

Chainge & 26 more

View Derive's full profile

Derive has raised funding over 1 round. Its latest funding round was a Seed round on Feb 02, 2026 for $*****. 1 investor participated in its latest round. Derive has 1 institutional investor.

Here is the list of recent funding rounds of Derive:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2026	7000147	Seed	3307158	5936897	3136587	8653663

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View details of Derive's funding rounds and investors

Derive's employee count trend

Derive has 21 employees as of Aug 26. Here is Derive's employee count trend over the years:

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Top competitors of Derive include Chainge, RYSK and Forward. Here is the list of Top 10 competitors of Derive, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chainge 2020, Jinzhong (China), Series B	App-based platform for trading in cryptocurrency	$13M	Gem Dgital, Alpha Token Capital	48/100
2nd	RYSK 2021, London (United Kingdom), Seed	Platform providing products that will produce yield in all market conditions	$1.4M	Lemniscap, Ascensive Assets & 3 others	45/100
3rd	Forward 2021, Bangkok (Thailand), Seed	Decentralized platform for derivatives exchange, built on EVM-based chains	$5M	Beacon VC, Varys Capital & 4 others	41/100
4th	Thetanuts Finance 2021, Panama City (United States), Seed	Online platform offering cryptocurrency option strategies	$35M	Three Arrows Capital, Polychain & 7 others	39/100
5th	Synquote 2021, San Francisco (United States), Seed	Decentralized platform for crypto options markets	$2.8M	Initialized Capital, CMT Digital & 3 others	39/100
6th	Etrading Software 2005, London (United Kingdom), Late Stage	Provider of financial services for investment industries	-	LDC	37/100
7th	Derive 2021, George Town (Cayman Islands), Seed	Provider of onchain institutional-grade trading for crypto options and futures	-	Variant Fund	35/100
8th	Clear 2021, United States, Seed	Decentralized platform to create options, notes, perpetual futures, and NFT derivatives	$2.5M	Huobi, Foresight Group & 17 others	34/100
9th	Smilee 2022, Weymouth (United Kingdom), Seed	Decentralized options protocol for volatility trading	$2M	Dewhales, Owl Ventures & 8 others	33/100
10th	Spin 2021, Finland, Seed	Operator of decentralized platform for spot, perpetual, and options trading	$3.75M	Lemniscap, GSR & 5 others	32/100