About Polkadex
Polkadex is a company based in Tallinn (Estonia) founded in 2020 by Deepansh S and Vivek Prasannan. Polkadex has raised $3 million across 2 funding rounds from investors including QCP Capital, unknown and Kenetic Capital. The company has 1 employees as of April 05, 2024. Polkadex operates in a competitive market with competitors including KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
- Headquarter Tallinn, Estonia
- Employees 1 as on 05 Apr, 2024
- Founders Deepansh S, Vivek Prasannan
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Polkadex Labs Private Limited
- Date of Incorporation 03 Nov, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$24.68 K (USD)0as on Mar 31, 2023
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Net Profit
-$16.83 K (USD)0as on Mar 31, 2023
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EBITDA
-$16.03 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$4.39 M (USD), Token Sale
Apr 16, 2021
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Investors
QCP Capital
& 16 more
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Employee Count
1
as on Apr 05, 2024
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People of Polkadex
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Funding Insights of Polkadex
Polkadex has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $4.39 million completed in April 2021. 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.
Investors in Polkadex
Polkadex has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include QCP Capital, unknown and Kenetic Capital.
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Multiple sectors are invested in via a funds-of-funds approach.
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Blockchain-based startups are funded by NGC venture capital firm.
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Blockchain sectors are targeted for investments by AU21 Capital.
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Investor details for Polkadex
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Investments & Acquisitions by Polkadex
Investment portfolio details for Polkadex
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Financial Statements - Polkadex
Detailed financials for Polkadex
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Polkadex Comparisons
Peer comparison for Polkadex
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Competitors of Polkadex
Polkadex 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.
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Cryptocurrencies are bought, sold, and traded via this exchange platform.
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Cryptocurrencies are traded and exchanged through an online platform.
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Digital assets are bought, sold, and traded on Coinsquare.
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Cryptocurrency trading, storage, and exchange services are offered online.
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Provider of an app-based trading and exchange platform for cryptocurrency
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Online robo advisory and stock trading services are provided.
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Detailed competitors of Polkadex
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Latest news on Polkadex
Complete news archive for Polkadex
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Frequently Asked Questions about Polkadex
Polkadex was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Polkadex is headquartered in Tallinn, Estonia.
Deepansh S is the current CEO of Polkadex. They have also founded this company.
Polkadex is a funded company, having raised a total of $3M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Polkadex is 1.
Annual revenue of Polkadex is $24.68K as on Mar 31, 2023.
Polkadex was founded in 2020 in Tallinn, Estonia, as a decentralized exchange in the cryptocurrency sector. Operations include an order matching protocol that alternates between automated market maker and order book models to manage liquidity for traders and market makers. Services encompass trading bots for retail and institutional investors, integration with liquidity providers, non-custodial wallets, decentralized KYC processes, fiat currency support, and institutional-grade liquidity provisions.
Polkadex has 17 investors. Key investors include QCP Capital, unknown, Kenetic Capital, NGC, and AU21 Capital.