Shipyard Software

San Francisco, United States Founded: 2021 • Age: 5 yrs Acquired By Sushi
End-to-end software solutions for crypto services are provided online.
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About Shipyard Software

Shipyard Software is a company based in San Francisco (United States) founded in 2021 by Abe Othman and Mark Mattappally Lurie was acquired by Sushi in February 2025.. Shipyard Software has raised $21 million across 1 funding round from investors including 1inch, Quantstamp and Polychain. Shipyard Software offers products and services including DEX for Traders, Perpetual Contracts DEX, OFAC Sanctions Tool, and B2B White-Label Product. Shipyard Software operates in a competitive market with competitors including Talos, Orderly Network, Tagomi, Finhaven and Eaglebrook, among others.

  • Headquarter San Francisco, United States
  • Founders Abe Othman, Mark Mattappally Lurie
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Shipyard Software Inc.
Operational Areas
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $21 M (USD)

    in 1 rounds

  • Latest Funding Round
    $21 M (USD), Series B

    Jul 13, 2021

  • Investors
    1inch

    & 14 more

  • Employee Count
    Employee Count
  • Acquired by
    Sushi

    (Feb 21, 2025)

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Products & Services of Shipyard Software

Shipyard Software offers a comprehensive portfolio of products and services, including DEX for Traders, Perpetual Contracts DEX, OFAC Sanctions Tool, and B2B White-Label Product. 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.

Primary

Offers optimized prices for smaller crypto trades.

Enables leveraged long positions in crypto repo trades.

Provides blockchain-ready list for regulatory compliance in crypto.

Allows brands to gamify platforms for community growth.

Funding Insights of Shipyard Software

Shipyard Software has successfully raised a total of $21M through 1 strategic funding round. The most recent funding activity was a Series B round of $21 million completed in July 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.

  • Total Funding
  • Total Rounds 1
  • Last Round Series B — $21.0M
  • First Round

    (13 Jul 2021)

  • Investors Count 14
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Series B - Shipyard Software Valuation Polychain
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Shipyard Software

Shipyard Software has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include 1inch, Quantstamp and Polychain. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Robot Ventures is associated with technology or robotics.
Founded Year Domain Location
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
Founded Year Domain Location
Investments are made in early-stage tech startups by IOSG Ventures.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Shipyard Software

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Shipyard Software

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Shipyard Software Comparisons

Employees
+
Add Comparison
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Competitors of Shipyard Software

Shipyard Software 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 Talos, Orderly Network, Tagomi, Finhaven and Eaglebrook, 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
Trade management solutions for digital assets are offered.
domain founded_year HQ Location
Decentralized exchange protocol that offers spot & margin trading, perpetual swaps, and lending & borrowing
domain founded_year HQ Location
Trade management solutions for cryptocurrency
domain founded_year HQ Location
End-to-end capital market infrastructure and investment platform is facilitated.
domain founded_year HQ Location
Crypto SMAs are managed for wealth managers and investors.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Shipyard Software

SushiSwap Acquires Shipyard Software
Smartliquidity11 months ago

Frequently Asked Questions about Shipyard Software

When was Shipyard Software founded?

Shipyard Software was founded in 2021.

Where is Shipyard Software located?

Shipyard Software is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Who is the current CEO of Shipyard Software?

Mark Mattappally Lurie is the current CEO of Shipyard Software. They have also founded this company.

Is Shipyard Software a funded company?

Shipyard Software is a funded company, having raised a total of $21M across 1 funding round to date. The company's 1st funding round was a Series B of $21M, raised on Jul 13, 2021.

What does Shipyard Software do?

Shipyard Software was founded in 2021 in San Francisco, United States, within the cryptocurrency software sector. An online platform is operated to deliver end-to-end solutions for crypto services. Clipper DEX is offered as an exchange for retail crypto traders. The product lineup includes swap tokens, pools, and coves, which facilitate alt-coin swaps via an ecosystem of small liquidity pools holding alt-coins and Clipper pool tokens.

Who are the top competitors of Shipyard Software?

Shipyard Software's top competitors include Talos, Orderly Network and Tagomi.

What products or services does Shipyard Software offer?

Shipyard Software offers DEX for Traders, Perpetual Contracts DEX, OFAC Sanctions Tool, and B2B White-Label Product.

Who are Shipyard Software's investors?

Shipyard Software has 15 investors. Key investors include 1inch, Quantstamp, Polychain, Sushi, and FJ Labs.

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