About Divergence Protocol
Divergence Protocol is a company based in Singapore (Singapore) founded in 2021 was acquired by PROOF in July 2022.. Divergence Protocol operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
- Headquarter Singapore, Singapore
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$10.2 M (USD), Token Sale
Sep 28, 2021
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Investors
HashKey Exchange
& 15 more
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Employee Count
Employee Count
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Acquired by
PROOF
(Jul 14, 2022)
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Funding Insights of Divergence Protocol
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $10.2M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Token Sale - Divergence Protocol | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Divergence Protocol | Valuation | Mechanism Capital , KR1 |
| 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 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. 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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Early-stage investments in fintech, gaming, and enterprise software are targeted.
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Founded Year | Domain | Location | |
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Blockchain companies are invested in by Arrington XRP Capital.
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Founded Year | Domain | Location | |
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Fund-of-funds investments are managed in the green data economy.
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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 Divergence Protocol
| 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 - Divergence Protocol
| 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 |
Divergence Protocol Comparisons
Competitors of Divergence Protocol
Divergence Protocol 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 Solana, Ankr, Mysten Labs, O(1) Labs and Chain, 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 |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
A blockchain-based public network is operated for decentralized application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Divergence Protocol
Frequently Asked Questions about Divergence Protocol
When was Divergence Protocol founded?
Divergence Protocol was founded in 2021.
Where is Divergence Protocol located?
Divergence Protocol is headquartered in Singapore, Singapore.
What does Divergence Protocol do?
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.
Who are the top competitors of Divergence Protocol?
Divergence Protocol's top competitors include Mysten Labs, Solana and O(1) Labs.
Who are Divergence Protocol's investors?
Divergence Protocol has 16 investors. Key investors include HashKey Exchange, Proof, Mechanism Capital, Focus Labs, and Nothing Research Ltd.