When was Sovryn founded?

Sovryn was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Sovryn located?

Sovryn is headquartered in London, United Kingdom.

How many employees does Sovryn have?

As of Sep 30, 2026, the latest employee count at Sovryn is 5.

Is Sovryn a funded company?

Sovryn is a funded company, having raised a total of $14.4M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 13, 2021.

When was the latest funding round of Sovryn?

Sovryn's latest funding was a $***** Series A round on Oct 09, 2022, with participation from 5 investors.

Where does Sovryn rank among its competitors?

Sovryn ranks 147th amongst 1869 active competitors, of which 273 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was BitGo, which secured an undisclosed amount in Jan, 2024.

Who are the top competitors of Sovryn?

Sovryn's top competitors include BitGo, Consensys and Coins.ph. Among them, BitGo secured the most recent funding round in January, 2024.

Sovryn - 2026 Company Profile, Team, Funding & Competitors

Company Details

DeFi platform for Bitcoin. It offers a noncustodial smart-contract system for Bitcoin lending, borrowing, and margin trading and a DAO built on Rootstock, a Bitcoin sidechain, that provides the bitcoin ecosystem with EVM superpowers.

Website: sovryn.com
Social
Email ID: *****@sovryn.app

Key Metrics

Founded Year

2020

Location

London, United Kingdom

Stage

Series A

Total Funding

$14.4M in 2 rounds

Latest Funding Round

Series A, Oct 09, 2022, $*****

Investors

General Catalyst & 15 more

Ranked

147^th among 1869 active competitors

Employee Count

5 as on Sep 30, 2026

Similar Companies

BitGo & 2862 more

View Sovryn's full profile

Sovryn has raised a total funding of $14.4M over 2 rounds. Its first funding round was on Apr 13, 2021. Its latest funding round was a Series A round on Oct 09, 2022 for $*****. 5 investors participated in its latest round. Sovryn has 15 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Sovryn:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 09, 2022	8144758	Series A	8189319	6505545	2960727	7529688
Apr 13, 2021	5869576	Series A	5729251	9882012	Cadenza & 8 more	6758476

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View details of Sovryn's funding rounds and investors

The founders of Sovryn is Edan Yago.

Here are the details of Sovryn's key team members:

Edan Yago: Founder of Sovryn.

View details of Sovryn's Founder profiles and Board Members

Sovryn's employee count trend

Sovryn has 5 employees as of Sep 26. Here is Sovryn's employee count trend over the years:

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Top competitors of Sovryn include BitGo, Consensys and Coins.ph. Here is the list of Top 10 competitors of Sovryn, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BitGo 2013, Palo Alto (United States), Public	Platform that offers crypto based financial services	$170M	Goldman Sachs, Redpoint Ventures & 40 others	81/100
2nd	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Marshall Wace, Temasek & 58 others	80/100
3rd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Ribbit Capital, Innovation Endeavors & 16 others	80/100
4th	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, Sapphire Ventures & 26 others	79/100
5th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Fenbushi Capital & 32 others	77/100
6th	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Digital Currency Group, Balderton Capital ... & 14 others	76/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, R8 Capital & 22 others	76/100
8th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	75/100
9th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 63 others	74/100
10th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 20 others	74/100
147th	Sovryn 2020, London (United Kingdom), Series A	DeFi platform for Bitcoin	$14.4M	Monday Capital, Galaxy & 14 others	43/100