About Sommelier
Sommelier is a company based in San Francisco (United States) founded in 2020 by Zaki Manian and Kristi Poldsam. Sommelier has raised $26.5 million across 2 funding rounds from investors including Multicoin Capital, Polychain and Ignite. Sommelier operates in a competitive market with competitors including Zerion, Balancer, Avantgarde, Haruko and TokenSets, among others.
- Headquarter San Francisco, United States
- Founders Zaki Manian, Kristi Poldsam
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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 Sommelier, L.L.C
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$26.5 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Series A
Oct 20, 2021
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Investors
Multicoin Capital
& 9 more
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Employee Count
Not available
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People of Sommelier
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Funding Insights of Sommelier
Sommelier has successfully raised a total of $26.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $23 million completed in October 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 Sommelier
Sommelier has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Multicoin Capital, Polychain and Ignite.
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Venture capital fund focused on tech and crypto startups
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Single family office
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Investor details for Sommelier
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Investments & Acquisitions by Sommelier
Investment portfolio details for Sommelier
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Financial Statements - Sommelier
Detailed financials for Sommelier
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Sommelier Comparisons
Peer comparison for Sommelier
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Competitors of Sommelier
Sommelier 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 Zerion, Balancer, Avantgarde, Haruko and TokenSets, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain-based protocols for decentralized finance and asset management are provided.
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Cryptocurrency portfolios are managed via crowdsourced liquidity pools.
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DeFi-as-a-service solutions are offered to financial institutions for crypto management.
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Blockchain training services are provided to professionals and organizations.
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Cryptocurrency baskets and portfolios are managed through automated strategies.
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Detailed competitors of Sommelier
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Latest news on Sommelier
Complete news archive for Sommelier
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Frequently Asked Questions about Sommelier
Sommelier was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Sommelier is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sommelier is a funded company, having raised a total of $26.5M across 2 funding rounds to date.
Sommelier was established in 2020 in San Francisco, United States, within the decentralized finance sector. Portfolio management tools for DeFi assets are offered, enabling liquidity providers to perform automated transactions such as rebalancing, limit orders, and batch processing. Signature management for Ethereum-based operations is handled automatically, facilitating DeFi trading activities focused on liquidity enhancement and yield generation.
Sommelier's top competitors include Zerion, Balancer and Avantgarde.
Sommelier has 10 investors. Key investors include Multicoin Capital, Polychain, Ignite, Alameda Research, and Byzantine Ventures.