When was Turtle founded?

Turtle was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Turtle located?

Turtle is headquartered in Zug, Switzerland.

How many employees does Turtle have?

As of Mar 31, 2026, the latest employee count at Turtle is 27.

Is Turtle a funded company?

Turtle is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 20, 2025.

When was the latest funding round of Turtle?

Turtle's latest funding was a $***** Seed round on Oct 20, 2025, with participation from 13 investors.

Where does Turtle rank among its competitors?

Turtle ranks 10th amongst 35 active competitors, of which 10 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Relay, which secured $17M in Feb, 2026.

Who are the top competitors of Turtle?

Turtle's top competitors include Zerion, Balancer and Haruko. Among them, Relay secured the most recent funding round in February, 2026.

Turtle - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of liquidity distribution protocol for decentralized finance applications. It facilitates incentive programs by targeting active liquidity providers within Web3. The protocol allows users to deposit assets and earn rewards from various ecosystems. It also enables distribution partners to share deals and vaults, generating revenue from user deposits.

Website: www.turtle.xyz/
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Key Metrics

Founded Year

2024

Location

Zug, Switzerland

Stage

Seed

Total Funding

$5.5M in 1 round

Latest Funding Round

Seed, Oct 20, 2025, $*****

Investors

FalconX & 13 more

Ranked

10^th among 35 active competitors

Employee Count

27 as on Mar 31, 2026

Similar Companies

Zerion & 35 more

View Turtle's full profile

Turtle has raised a total funding of $5.5M over 1 round. Its latest funding round was a Seed round on Oct 20, 2025 for $*****. 13 investors participated in its latest round. Turtle has 14 institutional investors.

Here is the list of recent funding rounds of Turtle:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2025	6259915	Seed	2697907	2440751	2660548	9194048

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View details of Turtle's funding rounds and investors

The founders of Turtle are Nick Thoma and Esfandiar Lagevardi. Esfandiar Lagevardi is the CEO of Turtle.

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

Nick Thoma: Co-Founder & CTO of Turtle.
Contact Info: 1 email address
Esfandiar Lagevardi: Co-Founder & CEO of Turtle.

View details of Turtle's Founder profiles and Board Members

Turtle's employee count trend

Turtle has 27 employees as of Mar 26. Here is Turtle's employee count trend over the years:

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Top competitors of Turtle include Zerion, Balancer and Haruko. Here is the list of Top 10 competitors of Turtle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zerion 2016, San Francisco (United States), Series B	Decentralized platform for financial services	$22.5M	Mosaic Ventures, Blockchain Coinvestors & 27 others	71/100
2nd	Balancer 2019, Finland, Series A	Portfolio management platform for cryptocurrency	$8M	Placeholder, Accomplice & 11 others	63/100
3rd	Haruko 2021, London (United Kingdom), Series A	Provider of portfolio and risk management solutions for digital assets	$33.1M	White Star Capital, MMC Ventures & 3 others	54/100
4th	Avantgarde 2018, Zug (Switzerland), Series A	DeFi-as-a-service platform for financial institutions	$5.5M	Blockchange, Acrew Capital & 5 others	48/100
5th	TokenSets 2017, San Francisco (United States), Series A	Cryptocurrency basket and portfolio management solutions	$14M	Threshold, Craft Ventures & 15 others	46/100
6th	Sommelier 2020, San Francisco (United States), Series A	Portfolio management solutions for Defi assets	$26.5M	Polychain, Standard Crypto & 10 others	45/100
7th	Relay 2021, Sydney (Australia), Series B	Multichain DeFi interface for fast cross-chain swaps, bridging, and DEX aggregation	$43M	Union Square Ventures, Archetype & 3 others	43/100
8th	Ape Board 2021, Singapore (Singapore), Acquired	Cross-chain portfolio tracking and trading platform for cryptocurrencies	$1.2M	LongHash, Spartan Partners & 4 others	39/100
9th	Sheesha Finance 2021, Dubai (United Arab Emirates), Funding Raised	Online platform allowing traders to track and manage their crypto portfolio	-	BlocTech Investment Group, Cypher Capital	38/100
10th	Turtle 2024, Zug (Switzerland), Seed	Provider of liquidity distribution protocol for decentralized finance applications	$5.5M	FalconX, GSR & 12 others	37/100