When was Squads Labs founded?

Squads Labs was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Squads Labs located?

Squads Labs is headquartered in British Virgin Islands.

How many employees does Squads Labs have?

As of Sep 30, 2026, the latest employee count at Squads Labs is 34.

Is Squads Labs a funded company?

Squads Labs is a funded company, having raised a total of $42.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 28, 2021.

When was the latest funding round of Squads Labs?

Squads Labs' latest funding was a $***** Series B round on Apr 29, 2026, with participation from 9 investors.

Where does Squads Labs rank among its competitors?

Squads Labs ranks 9th amongst 101 active competitors, of which 25 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Squads Labs, which secured $18M in Apr, 2026.

Who are the top competitors of Squads Labs?

Squads Labs' top competitors include Paxos, Bridge and M0. Among them, Squads Labs secured the most recent funding round in April, 2026.

Squads Labs - 2026 Company Profile, Team, Funding & Competitors

Company Details

Fintech and crypto infrastructure company building stablecoin-based financial products, APIs, and secure asset management tools. It develops open, programmable financial tools that enable businesses, individuals, and developers to manage, move, and earn digital assets across blockchain networks. It builds its services on blockchain infrastructure and internet-native capital markets, aiming to improve global financial accessibility, efficiency, and programmability. Its solutions support use cases such as payments, treasury management, and decentralized asset custody while maintaining strong security and transparency standards.

Website: squads.xyz
Social
Email ID: *****@sqds.io

Key Metrics

Founded Year

2021

Location

British Virgin Islands

Stage

Series B

Total Funding

$42.9M in 6 rounds

Latest Funding Round

Series B, Apr 29, 2026, $*****

Investors

Electric Capital & 28 more

Ranked

9^th among 101 active competitors

Employee Count

34 as on Sep 30, 2026

Similar Companies

Paxos & 104 more

View Squads Labs' full profile

Squads Labs has raised a total funding of $42.9M over 6 rounds. Its first funding round was on Oct 28, 2021. Its latest funding round was a Series B round on Apr 29, 2026 for $*****. 9 investors participated in its latest round. Squads Labs has 22 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Squads Labs:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 29, 2026	5067649	Series B	2673704	6453454	1521165	5582770
May 15, 2025	9087107	Series A	7906823	3501651	3864949	Haun Ventures
Jun 10, 2024	1405573	Series A	9876428	8770663	Electric Capital	RockawayX & 4 more

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View details of Squads Labs's funding rounds and investors

The founders of Squads Labs is Sean Ganser.

Here are the details of Squads Labs' key team members:

Sean Ganser: Co-Founder of Squads Labs and founder of 1 other company.
Contact Info: 1 email address

View details of Squads Labs's Founder profiles and Board Members

Squads Labs' employee count trend

Squads Labs has 34 employees as of Sep 26. Here is Squads Labs's employee count trend over the years:

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Top competitors of Squads Labs include Paxos, Bridge and M0. Here is the list of Top 10 competitors of Squads Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paxos 2012, New York City (United States), Series D	Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises	$535M	RRE Ventures, Liberty City Ventures & 36 others	78/100
2nd	Bridge 2022, San Francisco (United States), Acquired	Developer of infrastructure and application programming interfaces for stablecoin transactions	$58M	Ribbit Capital, Haun Ventures & 8 others	68/100
3rd	M0 2023, Zug (Switzerland), Series B	Developer of infrastructure software for designing and issuing stablecoin assets	$100M	Ribbit Capital, Endeavor & 17 others	63/100
4th	Bit Digital 2015, New York City (United States), Public	Operator of infrastructure securing the Ethereum network and managing ETH treasury	-	-	61/100
5th	Hercle 2019, Milan (Italy), Series A	Provider of infrastructure for cross border payments and asset settlement	$11.8M	F-Prime Capital, Prana Ventures & 6 others	60/100
6th	Tres Finance 2022, Tel Aviv (Israel), Acquired	Web3 financial management platform	$18.6M	Boldstart Ventures, F2 Capital & 11 others	59/100
7th	Cybrid 2021, Toronto (Canada), Series A	Provider of API infrastructure for stablecoin payments, compliance, and treasury	$13.8M	Golden Ventures, BDC & 3 others	53/100
8th	Coinshift 2021, Wyoming (United States), Series A	Provider of onchain business ecosystem for payments, accounting, and capital management	$17.5M	Tiger Global Management, FinTech Collective ... & 41 others	51/100
9th	Squads Labs 2021, British Virgin Islands, Series B	Fintech and crypto infrastructure company building stablecoin-based financial products, APIs, and secure asset management tools	$42.9M	Electric Capital, Haun Ventures & 27 others	51/100
10th	World Liberty Financial 2024, Miami (United States), Seed	Provider of a decentralized finance protocol that bridges traditional banking and blockchain-powered innovation	$30M	-	49/100