Float Protocol - About the company
Float Protocol is a seed company based in Herzliya (Israel), founded in 2021. It operates as a Digital currency focused on price stability. Float Protocol has raised $1.2M in funding. The company has 357 active competitors, including 75 funded and 7 that have exited. Its top competitors include companies like Circle, KAST and Terra.
Company Details
Digital currency focused on price stability. The platform offers a FLOAT token, a non-pegged stablecoin that tracks a basket of digital assets, and the price is stabilised by smart contract Dutch Auctions. It also offers a BANK token that captures the volatility of the FLOAT and any speculative demand.
- Website
- www.floatprotocol.com
- Social
Key Metrics
Founded Year
2021
Location
Herzliya, Israel
Stage
Seed
Total Funding
$1.2M in 1 round
Latest Funding Round
Investors
Ranked
69th among 357 active competitors
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Float Protocol's funding and investors
Float Protocol has raised a total funding of $1.2M over 1 round. Its latest funding round was a Seed round on Sep 29, 2021 for $*****. 14 investors participated in its latest round. Float Protocol has 4 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Float Protocol:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 29, 2021 | 7837968 | Seed | 4374588 | 1978906 | 1122920 | 1829576 |
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Float Protocol's Competitors and alternates
Top competitors of Float Protocol include Circle, KAST and Terra. Here is the list of Top 10 competitors of Float Protocol, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Circle 2013, Boston (United States), Public | Cross-border payment solution for businesses focusing on cryptocurrency | $1.51B | 89/100 | |
2nd | App-based platform offering stablecoins | $90M | 76/100 | ||
3rd | Blockchain network for payments | $125M | 75/100 | ||
4th |  MakerDAO 2014, San Francisco (United States), Series A | Stable coin based on Ethereum blockchain | $63M | 69/100 | |
5th | _1548905278025.png?devicePixelRatio=2&height=30&width=30){kind=logo} Celo 2011, San Francisco (United States), Acquired | Blockchain-based stable coins for social payments and money transfers | $65M | 68/100 | |
6th |  Origin Protocol 2017, San Francisco (United States), Series A | Blockchain platform for building decentralized marketplaces | $31.5M | 61/100 | |
7th |  StableCorp 2019, Toronto (Canada), Series A | Decentralized stable coin used for enabling B2B payments | $8.51M | 61/100 | |
8th |  Mezo 2022, Menlo Park (United States), Series A | Developer of stablecoins fully backed by reserves of digital currency | $30M | 59/100 | |
9th | Prepaid Japanese Yen Stablecoin made on public blockchain | $106M | 58/100 | ||
10th |  Mimo 2015, Vaduz (Liechtenstein), Series B | Decentralized tokenization and cryptocurrency token platform | $16.6M | 58/100 | |
69th |  Float Protocol 2021, Herzliya (Israel), Seed | Digital currency focused on price stability | $1.2M | 32/100 |
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Float Protocol's Investments and acquisitions
Float Protocol has made no investments or acquisitions yet.
Reports related to Float Protocol
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