Orbiter Finance - About the company
Orbiter Finance is a seed company based in Singapore (Singapore), founded in 2021. It operates as a Decentralized cross-rollup bridge for transferring the Ethereumnative assets. Orbiter Finance has raised an undisclosed amount in funding from investors like OKX, Tiger Global Management and StarkWare. The company has 111 active competitors, including 57 funded and 3 that have exited. Its top competitors include companies like Aleo, Matter Labs and Optimism.
Company Details
Decentralized cross-rollup bridge for transferring the Ethereumnative assets. There are two roles they are sender and maker. When the sender initiates a transfer, the maker provides liquidity for it. The smart contract ensures the security of this process. If the maker does bad behaviors and the transfer fails, the sender can initiate an arbitration request to the contract with the maker's margin and then get the excess compensation.
- Website
- orbiter.finance
- Social
- Registered Address
- Londýnská 575 12000 Praha
Key Metrics
Founded Year
2021
Location
Singapore, Singapore
Stage
Seed
Latest Funding Round
Ranked
22nd among 111 active competitors
Legal entities associated with Orbiter Finance
Orbiter Finance is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ORBITA FINANCE a.s. CIN: 03004546 , Czech Republic, Active | May 15, 2014 | - | - |
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Orbiter Finance's funding and investors
Orbiter Finance has raised funding over 2 rounds. Its first funding round was on Nov 30, 2022. Its latest funding round was a Seed round on Jan 24, 2024 for $*****. 1 investor participated in its latest round. Orbiter Finance has 10 institutional investors.
Here is the list of recent funding rounds of Orbiter Finance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 24, 2024 | 8142523 | Seed | 5307417 | 3466462 | 6027457 | 9509190 |
Nov 30, 2022 | 9477746 | Seed | 6315009 | 8642240 |
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Orbiter Finance's Competitors and alternates
Top competitors of Orbiter Finance include Aleo, Matter Labs and Optimism. Here is the list of Top 10 competitors of Orbiter Finance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Aleo 2019, San Francisco (United States), Series B | Blockchain-based network for developers | $228M | 73/100 | |
2nd | Matter Labs 2019, Berlin (Germany), Series C | Finance infrastructure for blockchain privacy with verifiable computation | $458M | 72/100 | |
3rd | Optimism 2019, New York City (United States), Series B | Blockchain-based platform for optimistic rollup and executing smart contracts | $175M | 72/100 | |
4th | Blockchain-based platform offers zero-knowledge proof roll-up solutions | $287M | 71/100 | ||
5th | Scroll 2013, Seychelles, Series B | Blockchain-based network for EVM-compatible solutions | $80M | 66/100 | |
6th | Offchain Labs 2018, Princeton (United States), Series B | Developer of solutions for Ethereum smart contracts | $124M | 65/100 | |
7th | Online platform for decentralized zero knowledge rollup | $37M | 65/100 | ||
8th | Blockchain-based application development platform for developers | $4M | 63/100 | ||
9th |  zkSync 2019, Cayman Islands, Funding Raised | Zeroknowledge proof rollup layer 2 platforms | - | 60/100 | |
10th | Nexus 2022, San Francisco (United States), Series A | Provider of Layer 1 blockchain platform optimized for high-frequency cryptocurrency trading and decentralized finance applications | $27.2M | 60/100 | |
22nd |  Orbiter Finance 2021, Singapore (Singapore), Seed | Decentralized cross-rollup bridge for transferring the Ethereumnative assets | - | 46/100 |
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Orbiter Finance's Investments and acquisitions
Orbiter Finance has made no investments or acquisitions yet.
Reports related to Orbiter Finance
Here is the latest report on Orbiter Finance's sector:
News related to Orbiter Finance
Filter this listMedia has covered Orbiter Finance for a total of 2 events in the last 1 year, 2 of them have been about partnerships.
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Orbiter Finance Secures $50 Million Annual Revenue Amid Growing Layer-2 AdoptionCryptonews•Aug 23, 2024•Orbiter Finance
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OKX-Backed Orbiter Finance Launches Own Layer 2 NetworkThe Crypto Times•Jan 29, 2024•Orbiter Finance
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OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 ProtocolCryptocurrency•Jan 25, 2024•OKX, Orbiter Finance, Hash Global, Skyland Ventures and 3 others
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OKX DEX Integrates with Linea Bridge and OrbiterGlobal Fintech Series•Aug 08, 2023•, Linea, OKX, Orbiter Finance
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Orbiter Finance integrates Linea mainnet with zero trading feeCryptonewsz•Jul 20, 2023•Orbiter Finance, Linea
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Orbiter Finance Stops Events With BitKeep Wallet To Protect Users From ScamsCoincu Financial Group•Jun 24, 2023•Orbiter Finance
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OKX Wallet Collaborates with Orbiter Finance, Meson and iZUMi for On-chain Trading and MoreGlobeNewswire•May 02, 2023•OKX, Orbiter Finance, Meson, IZUMI
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