About Derive
Derive is a company based in Sydney (Australia) founded in 2021 by Nick Forster and Michael Spain. It operates as a FinTech, and Peer-to-Peer (P2P). Derive has raised $6.3 million across 2 funding rounds from investors including Framework Ventures, ParaFi and Divergence Protocol. Derive offers products and services including Options, Perpetuals, and DRV Token. Derive operates in a competitive market with competitors including KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
- Headquarter Sydney, Australia
- Founders Nick Forster, Michael Spain
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.3 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Seed
Nov 30, 2022
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Investors
Framework Ventures
& 19 more
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Employee Count
Employee Count
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Products & Services of Derive
Derive offers a comprehensive portfolio of products and services, including Options, Perpetuals, and DRV Token. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Onchain options are created for decentralized trading purposes.
Perpetual contracts are offered for continuous trading opportunities.
DRV token is used for governance and rewards.
Funding Insights of Derive
Derive has successfully raised a total of $6.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in November 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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.0M
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First Round
First Round
(26 Jul 2021)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Derive | Valuation |
investors |
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| Jul, 2021 | Amount | Seed - Derive | Valuation | Framework Ventures , ParaFi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Derive
Derive has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Framework Ventures, ParaFi and Divergence Protocol. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blockchain startups are funded by Framework Ventures venture capital.
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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Robot Ventures is associated with technology or robotics.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Derive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Derive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Derive Comparisons
Competitors of Derive
Derive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Derive
Frequently Asked Questions about Derive
When was Derive founded?
Derive was founded in 2021.
Where is Derive located?
Derive is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Derive a funded company?
Derive is a funded company, having raised a total of $6.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Jul 26, 2021.
What does Derive do?
A decentralized protocol for trading crypto options, perpetuals, and structured products is operated by Derive. Unique and programmable onchain financial instruments are created. The protocol is deployed on an Optimistic Rollup settling to Ethereum blockchain. Governance is managed by Derive DAO and DRV token holders. The platform serves a global audience, excluding restricted regions like the United States. Focus is placed on transparency, self-custody, and borderless transactions within the DeFi sector.
What products or services does Derive offer?
Derive offers Options, Perpetuals, and DRV Token.
Who are Derive's investors?
Derive has 20 investors. Key investors include Framework Ventures, ParaFi, Divergence Protocol, DeFi Alliance, and GSR Markets.