When was Ruby Protocol founded?

Ruby Protocol was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Ruby Protocol located?

Ruby Protocol is headquartered in Victoria, Canada.

How many employees does Ruby Protocol have?

As of May 31, 2026, the latest employee count at Ruby Protocol is 5.

Is Ruby Protocol a funded company?

Ruby Protocol is a funded company, having raised a total of $7.3M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 09, 2022.

When was the latest funding round of Ruby Protocol?

Ruby Protocol's latest funding was a $***** ICO round on Jun 03, 2024, with participation from 0 investor.

Where does Ruby Protocol rank among its competitors?

Ruby Protocol ranks 3rd amongst 14 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Tools for the Commons, which secured $1.9M in Mar, 2026.

Who are the top competitors of Ruby Protocol?

Ruby Protocol's top competitors include Carapace, Blue and Astra Procotol. Among them, Tools for the Commons secured the most recent funding round in March, 2026.

Ruby Protocol - 2026 Company Profile, Team, Funding & Competitors

Ruby Protocol is a series A company based in Victoria (Canada), founded in 2020 by Suhas Hegde and Tyler Gellatly. It operates as a Decentralized privacy-centric protocol for Web3. Ruby Protocol has raised $7.3M in funding from investors like DFG, Maverick Ventures and D1 Ventures. The company has 14 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like Carapace, Blue and Astra Procotol.

Company Details

Decentralized privacy-centric protocol for Web3. It offers private data management solutions for Web3. Its product offerings include Connect for cryptocurrency transaction management, One for cryptocurrency wallets, SDK for web3 development, and more. It also offers solutions for payment management, asset management, and more.

Website: ruby.xyz
Social
Email ID: *****@ruby.xyz

Key Metrics

Founded Year

2020

Location

Victoria, Canada

Stage

Series A

Total Funding

$7.3M in 2 rounds

Latest Funding Round

ICO, Jun 03, 2024, $*****

Investors

DFG & 15 more

Ranked

3^rd among 14 active competitors

Employee Count

5 as on May 31, 2026

Similar Companies

Carapace & 12 more

View Ruby Protocol's full profile

Ruby Protocol has raised a total funding of $7.3M over 2 rounds. Its first funding round was on Feb 09, 2022. Ruby Protocol has 13 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Ruby Protocol:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 03, 2024	9379565	ICO	8611622	1627973	4106801	5750000
Feb 09, 2022	1626153	Series A	9246455	7834142	DFG & 4 more	The Ocean Foundation & 8 more

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View details of Ruby Protocol's funding rounds and investors

The founders of Ruby Protocol are Suhas Hegde and Tyler Gellatly.

Here are the details of Ruby Protocol's key team members:

Suhas Hegde: Co-Founder & Head Of Technology of Ruby Protocol.
Tyler Gellatly: Former Co-Founder of Ruby Protocol and founder of 1 other company.

View details of Ruby Protocol's Founder profiles and Board Members

Ruby Protocol's employee count trend

Ruby Protocol has 5 employees as of May 26. Here is Ruby Protocol's employee count trend over the years:

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Top competitors of Ruby Protocol include Carapace, Blue and Astra Procotol. Here is the list of Top 10 competitors of Ruby Protocol, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Carapace 2021, San Francisco (United States), Seed	Decentralized network that offers on-chain protection markets to lower the risk of default for cryptocurrency loans	$2.5M	NFX, Titan Capital & 1 others	41/100
2nd	Blue 2022, New York City (United States), Seed	Platform offering KYC/AML-enabled crypto trading	$3.3M	Blockchange, Fenbushi Capital & 5 others	38/100
3rd	Ruby Protocol 2020, Victoria (Canada), Series A	Decentralized privacy-centric protocol for Web3	$7.3M	Maverick Ventures, Signum Capital & 14 others	38/100
4th	Astra Procotol 2021, London (United Kingdom), Seed	Compliance management solution for DeFi	-	Fundamental Labs, GDA Investments & 5 others	36/100
5th	Tools for the Commons 2024, Sao Paulo (Brazil), Seed	Online platform enabling digital asset transactions	$1.9M	Tanssi, Coins & 7 others	33/100
6th	Blockchain Intelligence Group 2015, Vancouver (Canada), Acquired	Bitcoin Blockchain Search & Big Data Analytics	$100K	Naseba, Pyfera Growth Capital	33/100
7th	Violet 2021, Berlin (Germany), Funding Raised	Developer of blockchain-native compliance infrastructure for anti-money laundering and more	-	Balderton Capital, Inflection & 1 others	29/100
8th	Thrivacy 2021, Columbia (United States), Funding Raised	Offering identity theft solutions	-	Village Capital	28/100
9th	Kwiktrust 2020, London (United Kingdom), Funding Raised	Blockchain-based KYC and user authentication solution	-	-	26/100
10th	AvengerDAO 2022, Unfunded	Security infrastructure solutions for BNB chain	-	-	23/100