When was Velar founded?

Velar was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Velar located?

Velar is headquartered in Dubai, United Arab Emirates.

Who is the current CEO of Velar?

Mithil Thakore of Velar. They have also founded 2 companies and are an angel investors in 1 startup.

How many employees does Velar have?

As of Aug 31, 2026, the latest employee count at Velar is 28.

Is Velar a funded company?

Velar is a funded company, having raised a total of $3.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 01, 2024.

When was the latest funding round of Velar?

Velar's latest funding was a $***** ICO round on Apr 03, 2024, with participation from 0 investor. Its primary sector is Cryptocurrencies. In United Arab Emirates, the Cryptocurrencies sector has seen $130M in funding in 2026 to date.

Where does Velar rank among its competitors?

Velar ranks 27th amongst 143 active competitors, of which 41 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Fasset, which secured $68M in Aug, 2026.

Who are the top competitors of Velar?

Velar's top competitors include Fasset, Brahma and Coin98. Among them, Fasset secured the most recent funding round in August, 2026.

Velar - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of DeFi liquidity protocol on bitcoin. It provides solutions for decentralized trading, perpetual swaps, and token launches on the Bitcoin network. Its platform offers swaps, liquidity provision, and reward earning opportunities for traders.

Website: velar.com
Social
Email ID: *****@velar.com, *****@velar.com

Key Metrics

Founded Year

2023

Location

Dubai, United Arab Emirates

Stage

Seed

Total Funding

$3.5M in 2 rounds

Latest Funding Round

ICO, Apr 03, 2024, $*****

Investors

CMS Holdings & 13 more

Ranked

27^th among 143 active competitors

Employee Count

28 as on Aug 31, 2026

Similar Companies

Fasset & 152 more

View Velar's full profile

Velar has raised a total funding of $3.5M over 2 rounds. Its first funding round was on Feb 01, 2024. Velar has 14 institutional investors.

Here is the list of recent funding rounds of Velar:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 03, 2024	2379811	ICO	2203486	2282257	6221188	8942017
Feb 01, 2024	1183977	Seed	4396930	8917589	8887160	Bitcoin Startup Lab & 8 more

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View details of Velar's funding rounds and investors

The founders of Velar are Mithil Thakore and Tejinder Singh Mor. Mithil Thakore is the CEO of Velar.

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

Mithil Thakore: Co-Founder and CEO of Velar and founder of 2 other companies, Velar and TeraSurge. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Tejinder Singh Mor: Co-Founder and CPO of Velar and founder of 1 other company.
Contact Info: 1 email address

View details of Velar's Founder profiles and Board Members

Velar's employee count trend

Velar has 28 employees as of Aug 26. Here is Velar's employee count trend over the years:

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Top competitors of Velar include Fasset, Brahma and Coin98. Here is the list of Top 10 competitors of Velar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fasset 2019, Dubai (United Arab Emirates), Series C	Blockchain-based platform to buy and sell crypto assets and tokens	$150M	SBI Group, Liberty City Ventures & 10 others	73/100
2nd	Brahma 2021, Delhi (India), Acquired	Blockchain-based network for Defi applications in the finance industry	$6.71M	Framework Ventures, Greenfield Capital & 13 others	71/100
3rd	Coin98 2017, Ho Chi Minh City (Vietnam), Seed	Diversified solution for cryptocurrency	-	Bee Blockchain Venture Capital Fund, YZi Labs ... & 1 others	61/100
4th	Blueprint Finance 2022, San Francisco (United States), Series A	Provider of financial services and wealth management solutions	$17M	Polychain, Tribe Capital & 16 others	61/100
5th	Eco 2018, San Francisco (United States), Series B	Decentralized cryptocurrency for financial transactions	$35M	a16zcrypto, Activant Capital & 23 others	54/100
6th	Impossible Finance 2021, Singapore (Singapore), Series A	DeFi platform for providing decentralized financial products	$7M	Ternary, CMS Holdings & 32 others	53/100
7th	Falcon 2024, Wilmington (United States), Series A	Developer of a protocol for minting and staking synthetic dollars	$10M	M2 Bespoke, Cypher Capital & 1 others	52/100
8th	Accountable 2024, Road Town (British Virgin Islands), Seed	Provider of decentrailzed lending and borrowing	$10M	Pantera Capital, Zee Prime Capital & 7 others	50/100
9th	Aligned 2021, Puerto Rico (Argentina), Series C	Blockchain-based infrastructure for the DeFi industry	$34M	GSR Ventures, Altium Capital Management & 4 others	51/100
10th	Margarita Finance 2024, Zurich (Switzerland), Seed	Provider of decentralized finance platform	$1M	Outrun Ventures, Tomahawk VC & 2 others	50/100
27th	Velar 2023, Dubai (United Arab Emirates), Seed	Provider of DeFi liquidity protocol on bitcoin	$3.5M	CMS Holdings, Transform Capital & 12 others	38/100