About Bytetrade Lab
Bytetrade Lab is a Technology company based in New York (United States) founded in 2022. It operates as a decentralized blockchain infrastructure for value exchange and trading is enabled. Bytetrade Lab has raised $40 million across 1 funding round from investors including SIG China. Its chief executive is Lucas Lu. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Blockchain Technology. Its competitors include Solana, Ankr, Mysten Labs, O(1) Labs and Chain and 1 more; 6 of its 6 listed competitors have raised funding.
Company details
Bytetrade Lab was founded in 2022 in New York, United States, within the blockchain sector. Decentralized value exchange and trading infrastructure is provided for blockchain applications. Decentralized identifiers are offered for individuals or groups, alongside storage solutions for private data. Computational power is utilized to run apps, with support extended to multiple blockchains. Operations focus on enabling secure, distributed trading environments.
- Headquarters New York, United States
- SectorsTechnology
- Website bytetradelab.io
- Social LinkedIn X
- Total Equity Funding$40M (USD)
in 1 rounds
- Latest Funding Round$40M (USD), Series B
Jun 2022
- Investors
Funding Insights of Bytetrade Lab
Bytetrade Lab has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series B round of $40 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40M
- Total Rounds 1
- Last Round Series B — $40M
- First Round $40M
(Jun 2022)
- Investors Count 1
All 1 funding rounds of Bytetrade Lab with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $40M | Series B | – | SIG China | – |
1 investors in total: 1 institutional.
Investors in Bytetrade Lab
Bytetrade Lab has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SIG China.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies in China are invested in by SIG China. | – | sig-china.com | Shanghai, China |
Investor details for Bytetrade Lab
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People of Bytetrade Lab
3 people are tracked at Bytetrade Lab (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Lucas Lu | CEO | Leadership |
Frank Hu | Chief Operating Officer | Leadership |
Phoebe G | Business Development Manager | Team |
Complete people profiles for Bytetrade Lab
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Timeline of Bytetrade Lab
2 dated milestones of Bytetrade Lab, from founding to its latest funding, stage changes and deals.
- Founded Bytetrade Lab is founded.
- Funding First funding round of $40.0M.
Competitors of Bytetrade Lab
Bytetrade Lab has 6 listed competitors in our database, 6 of them funded. They include Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solana.com | 2010 | San Francisco, United States | $374.15M | 62 | Blockchain infrastructure for transactions and counting is provided by Solana. | |
| ankr.com | 2017 | San Francisco, United States | $16M | 4 | Web3-native infrastructure for blockchain development and decentralization is provided. | |
| mystenlabs.com | 2021 | Palo Alto, United States | $336M | – | Web3 infrastructure solutions are offered via a blockchain platform. | |
| o1labs.org | 2017 | San Francisco, United States | $29.4M | 21 | Provider of a blockchain network | |
| chain.com | 2014 | San Francisco, United States | $39.5M | – | Blockchain infrastructure is offered for financial application development. | |
| dfinity.org | 2014 | Palo Alto, United States | $164M | – | A blockchain-based public network is operated for decentralized application development. |
Detailed competitors of Bytetrade Lab
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Top companies in Blockchain & Decentralized Infrastructure
10 companies that operate in the same segment as Bytetrade Lab (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | 708 | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | 166 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 563.9 M | – | 366 | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | 151 |
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Frequently Asked Questions about Bytetrade Lab
Bytetrade Lab was founded in 2022.
Bytetrade Lab is headquartered in New York, United States. It is registered at New York, New York, United States.
Lucas Lu is the current CEO of Bytetrade Lab.
Bytetrade Lab is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series B of $40M, raised on Jun 2022.
Bytetrade Lab was founded in 2022 in New York, United States, within the blockchain sector. Decentralized value exchange and trading infrastructure is provided for blockchain applications. Decentralized identifiers are offered for individuals or groups, alongside storage solutions for private data. Computational power is utilized to run apps, with support extended to multiple blockchains. Operations focus on enabling secure, distributed trading environments.
Bytetrade Lab's top competitors include Mysten Labs, Solana and O(1) Labs.
Bytetrade Lab has 1 investor. Key investors include SIG China.