About Mountain Protocol
Mountain Protocol is a company based in Pembroke (United Kingdom) founded in 2023 by Matias Caricato and Martin Carrica was acquired by Anchorage Digital in May 2025.. Mountain Protocol has raised $12 million across 2 funding rounds from investors including Coinbase, Anchorage Digital and Multicoin Capital. Mountain Protocol operates in a competitive market with competitors including TrustToken, Celo, MakerDAO, Circle and Origin Protocol, among others.
- Headquarter Pembroke, United Kingdom
- Founders Matias Caricato, Martin Carrica
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Sectors
Financial Services
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Email
***********
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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
$12 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Jun 06, 2024
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Investors
Coinbase
& 3 more
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Employee Count
Employee Count
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Acquired by
Anchorage Digital
(May 13, 2025)
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Funding Insights of Mountain Protocol
Mountain Protocol has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in June 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 Total Funding
- Total Rounds 2
- Last Round Series A — $8.0M
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First Round
First Round
(01 Sep 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Mountain Protocol | Valuation | Multicoin Capital | |
| Sep, 2023 | Amount | Seed - Mountain Protocol | Valuation |
investors |
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| 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 Mountain Protocol
Mountain Protocol has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Coinbase, Anchorage Digital and Multicoin 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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Venture capital fund focused on blockchain and cryptocurrency companies
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Founded Year | Domain | Location | |
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Venture capital is invested in blockchain and cryptocurrency sectors.
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Founded Year | Domain | Location | |
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Cryptocurrency trading, storage, and exchange services are offered online.
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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 Mountain 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 - Mountain 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 |
Mountain Protocol Comparisons
Competitors of Mountain Protocol
Mountain 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 TrustToken, Celo, MakerDAO, Circle and Origin Protocol, 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 |
Physical assets are tokenized on a decentralized platform for liquidity.
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| domain | founded_year | HQ Location |
Blockchain-based stablecoins are utilized for social payments and transfers.
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| domain | founded_year | HQ Location |
A collateral-backed stablecoin is issued on the Ethereum blockchain.
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| domain | founded_year | HQ Location |
Cross-border cryptocurrency payments for businesses are enabled through APIs.
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| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
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| domain | founded_year | HQ Location |
A stablecoin and decentralized payment protocol are provided by Reserve.
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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 Mountain Protocol
Frequently Asked Questions about Mountain Protocol
When was Mountain Protocol founded?
Mountain Protocol was founded in 2023.
Where is Mountain Protocol located?
Mountain Protocol is headquartered in Pembroke, United Kingdom. It is registered at Pembroke, Pembrokeshire, United Kingdom.
Is Mountain Protocol a funded company?
Mountain Protocol is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Sep 01, 2023.
What does Mountain Protocol do?
Founded in 2023 and based in Pembroke, United Kingdom, Mountain Protocol operates in the cryptocurrency sector. Yield-bearing stablecoins are issued by the company, with direct links established between tokens and underlying assets to eliminate traditional legal frameworks. Core services focus on stable value mechanisms integrated with yield generation, serving users in decentralized finance applications across global markets. Co-founders Matias Caricato and Martin Carrica lead the operations.
Who are the top competitors of Mountain Protocol?
Mountain Protocol's top competitors include Circle, Celo and TrustToken.
Who are Mountain Protocol's investors?
Mountain Protocol has 4 investors. Key investors include Coinbase, Anchorage Digital, Multicoin Capital, and Castle Island Ventures.