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 Tortola, United Kingdom.

Who is the current CEO of Squads Labs?

Stepan Simkin of Squads Labs. They have also founded 1 company and are an angel investors in 1 startup.

Is Squads Labs a funded company?

Squads Labs is a funded company, having raised a total of $17.2M across 3 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 A round on Jun 10, 2024, with participation from 6 investors.

Where does Squads Labs rank among its competitors?

Squads Labs ranks 190th amongst 1652 active competitors, of which 268 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Squads Labs, which secured $10M in Jun, 2024.

Who are the top competitors of Squads Labs?

Squads Labs' top competitors include Consensys, Coins.ph and Luno. Among them, Squads Labs secured the most recent funding round in June, 2024.

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

Squads Labs is a series A company based in Tortola (United Kingdom), founded in 2021 by Stepan Simkin and Sean Lars. It operates as a Provider of stablecoin-based financial products and infrastructure. Squads Labs has raised $17.2M in funding from Electric Capital. The company has 1652 active competitors, including 268 funded and 49 that have exited. Its top competitors include companies like Consensys, Coins.ph and Luno.

Company Details

Provider of stablecoin-based financial products and infrastructure. It offers a modern USD account for global businesses, a personal finance app for crypto savings and spending, and infrastructure to accelerate fintech development on stablecoin rails. Additionally, it provides a multisig platform for securing and managing Solana assets. These products are built on stablecoin technology, aiming to improve financial accessibility and efficiency.

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

Key Metrics

Founded Year

2021

Location

Tortola, United Kingdom

Stage

Series A

Total Funding

$17.2M in 3 rounds

Latest Funding Round

Series A, Jun 10, 2024, $*****

Investors

Electric Capital & 21 more

Ranked

190^th among 1652 active competitors

Similar Companies

Consensys & 2646 more

View Squads Labs' full profile

Squads Labs has raised a total funding of $17.2M over 3 rounds. Its first funding round was on Oct 28, 2021. Its latest funding round was a Series A round on Jun 10, 2024 for $*****. 6 investors participated in its latest round. Squads Labs has 20 institutional investors and 2 angel investors.

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2024	9374262	Series A	4638985	5463486	4713715	1413871
Oct 16, 2023	1974319	Series A	4990020	3255202	8503228	Multicoin Capital & 10 more
Oct 28, 2021	5291480	Seed	5905008	2305333	3368152	Collab+Currency & 7 more

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View details of Squads Labs's funding rounds and investors

The founders of Squads Labs are Stepan Simkin and Sean Lars. Stepan Simkin is the CEO of Squads Labs.

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

Stepan Simkin: Co-Founder & CEO of Squads Labs. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Sean Lars: Co-Founder of Squads Labs.

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

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Top competitors of Squads Labs include Consensys, Coins.ph and Luno. 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	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Temasek, Sound Ventures & 57 others	81/100
2nd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Naspers, Ribbit Capital & 15 others	80/100
3rd	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Naspers, Balderton Capital & 12 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, GIC & 26 others	79/100
5th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 64 others	78/100
6th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Paradigmcap & 32 others	76/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, Ceras Ventures & 22 others	75/100
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	74/100
9th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 19 others	74/100
10th	Safe Ecosystem Foundation 2018, Zug (Switzerland), Series D	Decentralized custody protocol and asset management platform on Ethereum and the EVM	$112M	1kx, Polymorphic Capital & 10 others	73/100
190th	Squads Labs 2021, Tortola (United Kingdom), Series A	Provider of stablecoin-based financial products and infrastructure	$17.2M	Jump Crypto, Placeholder & 20 others	40/100