About Prime Protocol
Prime Protocol is a company based in United States founded in 2022 by Colton Conley.. Prime Protocol has raised $2.75 million across 1 funding round from investors including Framework Ventures, Arrington Capital and Jump Crypto. Prime Protocol offers products and services including Cross-Chain Deposit Service, Cross-Chain Borrow Service, and Prime Points Program. Prime Protocol operates in a competitive market with competitors including Celsius, Salt lending, Milo, Radiant and Kyoko, among others.
- Headquarter United States
- Founders Colton Conley
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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
*********
- Legal Name Prime Protocol, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.75 M (USD)
in 1 rounds
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Latest Funding Round
$2.75 M (USD), Seed
Mar 18, 2022
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Investors
Framework Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Prime Protocol
Prime Protocol offers a comprehensive portfolio of products and services, including Cross-Chain Deposit Service, Cross-Chain Borrow Service, and Prime Points Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for depositing assets across multiple blockchain networks securely.
Platform for borrowing assets from various chains with unified credit.
Program to accumulate points for deposits, borrows, and referrals in DeFi.
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Funding Insights of Prime Protocol
Prime Protocol has successfully raised a total of $2.75M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.75 million completed in March 2022. 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 1
- Last Round Seed — $2.8M
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First Round
First Round
(18 Mar 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Prime Protocol | Valuation | Arrington Capital , Jump Crypto |
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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 Prime Protocol
Prime Protocol has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Framework Ventures, Arrington Capital and Jump Crypto. 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 firm focused on digital assets and web3
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Founded Year | Domain | Location | |
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Blockchain startups are funded by Framework Ventures venture capital.
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Founded Year | Domain | Location | |
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Develops blockchain tools and trades in Web3 networks for community-driven tech.
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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 Prime 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 - Prime 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 |
Prime Protocol Comparisons
Competitors of Prime Protocol
Prime 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 Celsius, Salt lending, Milo, Radiant and Kyoko, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
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Asset-backed loans using cryptocurrency as collateral are offered online.
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Standalone veterinary clinic services are provided in New York.
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Interest is earned and assets are borrowed cross-chain by users.
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Online marketplace for trading NFT
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prime Protocol
Frequently Asked Questions about Prime Protocol
When was Prime Protocol founded?
Prime Protocol was founded in 2022.
Where is Prime Protocol located?
Prime Protocol is headquartered in United States.
Is Prime Protocol a funded company?
Prime Protocol is a funded company, having raised a total of $2.75M across 1 funding round to date. The company's 1st funding round was a Seed of $2.75M, raised on Mar 18, 2022.
What does Prime Protocol do?
Online platform offering crypto-based lending protocol. Allows users to borrow against the whole portfolio and the loans are collateralized by all deposited assets, giving borrowers the benefits of a diversified portfolio. Also offers cross-chain margining.
Who are the top competitors of Prime Protocol?
Prime Protocol's top competitors include Celsius, Salt lending and Radiant.
What products or services does Prime Protocol offer?
Prime Protocol offers Cross-Chain Deposit Service, Cross-Chain Borrow Service, and Prime Points Program.
Who are Prime Protocol's investors?
Prime Protocol has 3 investors. Key investors include Framework Ventures, Arrington Capital, and Jump Crypto.
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