About Divergence Protocol
Divergence Protocol is a Technology company based in Singapore (Singapore) founded in 2021, and was acquired by PROOF in July 2022. Decentralized platform for volatility derivatives. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Blockchain Technology.
Company details
Divergence was founded in 2021 in Singapore as a decentralized platform focused on volatility derivatives within the blockchain sector. Hedging and trading of these derivatives are enabled using native blockchain assets. Operations include provisions for liquidity provider tokens, decentralized finance farming, staking mechanisms, and additional related services, all conducted from its base in Singapore.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website divergence-protocol.com
- Acquired by PROOF (Jul 2022)
- Latest Funding Round$10.2M (USD), Token Sale
Sep 2021
- InvestorsHashKey Exchange
& 15 more
- Acquired byPROOF
(Jul 2022)
Funding Insights of Divergence Protocol
- Total Rounds 2
- Last Round Token Sale — $10.2M
- Investors Count 15
All 2 funding rounds of Divergence Protocol 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 |
|---|---|---|---|---|---|
| Sep 2021 | $10.2M | Token Sale | – | – | – |
| Jun 2021 | Seed | – | Mechanism Capital, KR1 |
16 investors in total: 12 institutional and 4 angel.
Investors in Divergence Protocol
Divergence Protocol has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HashKey Exchange, Proof and Mechanism Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in fintech, gaming, and enterprise software are targeted. | nothing-research.com | Shanghai, China | ||
Blockchain companies are invested in by Arrington XRP Capital. | arringtonxrpcapital.com | Seattle, United States | ||
Fund-of-funds investments are managed in the green data economy. | youbicapital.com | |||
Blockchain and digital asset startups are invested in by DFG. | dfg.group | Singapore, Singapore | ||
Blockchain development services are provided by Mechanism Capital to clients. | mechanism.capital | |||
| focuslabs.io | ||||
| orthogonal.trading | ||||
Taureon is engaged in investment management and consulting for distributed ledger technology. | taureon.io | |||
Crypto assets are managed and invested in by P2P Capital. | p2pcap.com | |||
A platform for safe and simple cryptocurrency trading is provided. | 2018 | hashkey.com | Hong Kong, China |
Investor details for Divergence Protocol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Divergence Protocol
4 dated milestones of Divergence Protocol across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Divergence Protocol is founded.
- Funding First funding round.
- Funding Latest funding round, Token Sale, of $10.2M.
- Exit Acquired by PROOF.
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Frequently Asked Questions about Divergence Protocol
Divergence Protocol was founded in 2021.
Divergence Protocol is headquartered in Singapore, Singapore.
Divergence was founded in 2021 in Singapore as a decentralized platform focused on volatility derivatives within the blockchain sector. Hedging and trading of these derivatives are enabled using native blockchain assets. Operations include provisions for liquidity provider tokens, decentralized finance farming, staking mechanisms, and additional related services, all conducted from its base in Singapore.
Divergence Protocol has 16 investors. Key investors include HashKey Exchange, Proof, Mechanism Capital, Focus Labs, and Nothing Research Ltd.
Yes. Divergence Protocol was acquired by PROOF in July 2022.