About Hedgehog Protocol
Hedgehog Protocol is a Financial Services company based in Road Town (British Virgin Islands) founded in 2023 by Esko Koivula. It operates as an on-chain native derivatives are minted and backed by multiple collaterals. It operates on a Blockchain-as-a-Service and Two-Sided Marketplace model. Hedgehog Protocol has raised $1.5 million across 1 funding round from investors including Marshland Capital, Tenzor Capital and 3Commas Capital. Hedgehog Protocol offers products and services including Synthetic Blockspace and Modularity Infrastructure. Its focus areas include Technology, Blockchain and Decentralized Finance (DeFi). Its competitors include Coinbase, Bitso, KuCoin, Kraken and Coinsquare and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
A platform for creating derivatives markets of on-chain expenses is developed by Hedgehog Protocol. Complexities of blockspace are abstracted to focus on price, enabling trading, hedging, and speculation on transaction costs. Solutions are offered for rollups, blockchains, exchanges, and crypto projects. Modular infrastructure is provided to allow users to engage actively with costs like BaseFee and Bitcoin transaction fees. Sectors such as decentralized finance and blockchain technology are primarily targeted.
- Headquarters Road Town, British Virgin Islands
- Founders Esko Koivula
- SectorsFinancial Services
- Website thehedgehog.io
- Social X
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Mar 2024
- InvestorsMarshland Capital
& 4 more
Products & Services of Hedgehog Protocol
Hedgehog Protocol offers a comprehensive portfolio of products and services, including Synthetic Blockspace and Modularity Infrastructure.
Derivatives markets for on-chain costs are created efficiently.
On-chain expenses are traded or speculated using infrastructure.
Funding Insights of Hedgehog Protocol
Hedgehog Protocol has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in March 2024. 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 $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Mar 2024)
- Investors Count 5
All 1 funding rounds of Hedgehog 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 |
|---|---|---|---|---|---|
| Mar 2024 | $1.5M | Seed | – | Marshland Capital, Tenzor Capital | – |
5 investors in total: 5 institutional.
Investors in Hedgehog Protocol
Hedgehog Protocol has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Marshland Capital, Tenzor Capital and 3Commas Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies are targeted for investment by Marshland Capital. | – | marshlandcapital.com | Castries, Saint Lucia | |
Investments in blockchain sectors are handled by Tenzor Capital. | – | tenzor.capital | Gibraltar, United Kingdom | |
Early-stage investments in fintech, gaming, and enterprise software are targeted. | – | nothing-research.com | Shanghai, China | |
- | – | 3commascapital.io | - | |
Prometheus Ventures is engaged in technology-enabled services across multiple sectors. | – | prometheus.ventures | Palo Alto, USA |
Investor details for Hedgehog Protocol
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People of Hedgehog Protocol
1 people are tracked at Hedgehog Protocol (1 in leadership).
| Name | Role | Group |
|---|---|---|
Esko Koivula | Co-Founder | Leadership |
Complete people profiles for Hedgehog Protocol
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Timeline of Hedgehog Protocol
2 dated milestones of Hedgehog Protocol across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Hedgehog Protocol is founded.
- Funding First funding round of $1.5M.
Competitors of Hedgehog Protocol
Hedgehog Protocol has 9 listed competitors in our database, 9 of them funded. They include Coinbase, Bitso, KuCoin, Kraken and Coinsquare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coinbase.com | 2012 | San Francisco, United States | $546.62M | 3,416 | Cryptocurrency trading, storage, and exchange services are offered online. | |
| bitso.com | 2014 | Mexico | $331.35M | – | Cryptocurrencies are traded and exchanged through an online platform. | |
| kucoin.com | 2017 | Mahe, Seychelles | $180M | – | Cryptocurrencies are bought, sold, and traded via this exchange platform. | |
| kraken.com | 2011 | San Francisco, United States | $866.01M | 4 | Provider of an app-based trading and exchange platform for cryptocurrency | |
| coinsquare.com | 2014 | Toronto, Canada | $124.67M | – | Digital assets are bought, sold, and traded on Coinsquare. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| bitflyer.com | 2014 | Chiba, Japan | $36.61M | 15 | Bitcoin is bought, sold, and traded via an online platform. | |
| coinlist.co | 2017 | San Francisco, United States | $119.2M | 27 | App-based trading platform for cryptocurrency | |
| binance.us | 2019 | San Francisco, United States | $200M | – | Cryptocurrency trading is enabled through a mobile application platform. |
Detailed competitors of Hedgehog Protocol
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as Hedgehog Protocol (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
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 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Hedgehog Protocol
Hedgehog Protocol was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Hedgehog Protocol is headquartered in Road Town, British Virgin Islands.
Hedgehog Protocol is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Mar 2024.
A platform for creating derivatives markets of on-chain expenses is developed by Hedgehog Protocol. Complexities of blockspace are abstracted to focus on price, enabling trading, hedging, and speculation on transaction costs. Solutions are offered for rollups, blockchains, exchanges, and crypto projects. Modular infrastructure is provided to allow users to engage actively with costs like BaseFee and Bitcoin transaction fees. Sectors such as decentralized finance and blockchain technology are primarily targeted.
Hedgehog Protocol offers Synthetic Blockspace and Modularity Infrastructure.
Hedgehog Protocol has 5 investors. Key investors include Marshland Capital, Tenzor Capital, 3Commas Capital, Nothing Research Ltd, and Prometheus Ventures.