About Sovryn
Sovryn is a company based in London (United Kingdom) founded in 2020 by Edan Yago. Sovryn has raised $14.4 million across 2 funding rounds from investors including Gate.io, Galaxy and Valour. Sovryn offers products and services including Sovryn DAPP, Sovryn Dollar, and Zero Interest Loans. Sovryn operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter London, United Kingdom
- Founders Edan Yago
- SectorsFinancial Services
- Email••••••••
- Website sovryn.com
- Social LinkedIn X YouTube
- Total Equity Funding$14.4M (USD)
in 2 rounds
- Latest Funding Round$5.4M (USD), Series A
Oct 2022
- InvestorsGate.io
& 12 more
Products & Services of Sovryn
Sovryn offers a comprehensive portfolio of products and services, including Sovryn DAPP, Sovryn Dollar, and Zero Interest Loans.
Platform for Bitcoin trading and lending with yield earning options
Bitcoin-backed stablecoin for secure and stable transactions
Decentralized loans against Bitcoin with no interest charges
Apps and channels of Sovryn
its YouTube channel Sovryn has 3.72K subscribers and 30 videos.
Videos from Sovryn
The most watched videos on Sovryn's YouTube channel, Sovryn (3.72K subscribers). Click a video to play it here.
More on Sovryn.
Funding Insights of Sovryn
Sovryn has successfully raised a total of $14.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.4 million completed in October 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 $14.4M
- Total Rounds 2
- Last Round Series A — $5.4M
- First Round $9M
(Apr 2021)
- Investors Count 13
All 2 funding rounds of Sovryn with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $5.4M | Series A | – | General Catalyst, Bering Waters | |
| Apr 2021 | $9M | Series A | – | Cadenza, AscendEX | – |
13 investors in total: 12 institutional and 1 angel.
Investors in Sovryn
Sovryn has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gate.io, Galaxy and Valour.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain startups are targeted for venture capital funding. | – | cadenza.vc | San Francisco, United States | |
Seed and early-stage startups are funded by Monday Capital. | – | monday.capital | New York, United States | |
Collider is engaged in backing crypto and Web3 startups. | – | collider.vc | Tel Aviv, Israel | |
Crypto projects are funded by Greenfield, a venture capital firm. | – | greenfield.xyz | Berlin, Germany | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | – | generalcatalyst.com | - | |
Cryptocurrencies are traded and exchanged via an online platform. | 2018 | ascendex.com | Singapore, Singapore | |
Cryptocurrency trading is enabled via a mobile app platform. | 2013 | gate.io | George Town, Cayman Islands | |
Bitcoin mining, research, and blockchain infrastructure services are offered. | 2017 | blockwaresolutions.com | Chicago, United States | |
Cryptocurrency exchange-traded products are issued via an online investment platform. | 2018 | valour.com | Zug, Switzerland | |
Galaxy is recognized as a leader in digital assets and data center infrastructure. | 2018 | galaxy.com | New York, United States |
Investor details for Sovryn
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Sovryn
1 people are tracked at Sovryn (1 in leadership).
| Name | Role | Group |
|---|---|---|
Edan Yago | Founder | Leadership |
Complete people profiles for Sovryn
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Sovryn
3 dated milestones of Sovryn across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Sovryn is founded.
- Funding First funding round of $9.0M.
- Funding Latest funding round, Series A, of $5.4M.
Competitors of Sovryn
Sovryn 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| luno.com | 2013 | London, United Kingdom | $13M | 127 | Mobile app for storing and trading cryptocurrencies is utilized. | |
| uphold.com | 2013 | London, United Kingdom | $73.36M | 14 | App-based wallet and exchange platform for cross-border money transfers | |
| coins.ph | 2014 | Pasig, Philippines | $40M | – | Digital wallet for Bitcoin assets | |
| blockfi.com | 2017 | Jersey, United States | $465.65M | – | Crypto trading, loans, interest accounts, and wallets are offered online. | |
| crypto.com | 2016 | Singapore | – | – | App-based trading and deposit solutions for cryptocurrency are provided. | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| fireblocks.com | 2018 | New York, United States | $1.04B | – | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | |
| matrixport.com | 2019 | Singapore | $100M | 290 | App-based platform offering crypto investment products and financial services solutions | |
| galaxy.com | 2018 | New York, United States | – | 390 | Galaxy is recognized as a leader in digital assets and data center infrastructure. |
Detailed competitors of Sovryn
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sovryn
The website of Sovryn (sovryn.com) receives about 15.2K visits a month.
- Monthly visits15.2K
▼ 27.7% vs previous month
Websites whose visitors overlap most with Sovryn. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ramzinex.com | ramzinex.com | 100% | – | #273,506 | – |
zypto.com | zypto.com | 100% | – | #601,044 | – |
| unchained.com | 100% | 309.4K | #138,706 | View details | |
| rocketx.exchange | 100% | 47.2K | #695,608 | View details | |
| matrixport.com | 75% | 21K | #1,228,204 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Sovryn
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Sovryn
Complete news archive for Sovryn
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Sovryn
10 companies that operate in the same segment as Sovryn (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Sovryn
Sovryn was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Sovryn is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Sovryn is a funded company, having raised a total of $14.4M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Apr 2021.
Sovryn was founded in 2020 in London, United Kingdom, as a DeFi platform focused on Bitcoin. Noncustodial smart-contract systems are provided for lending, borrowing, and margin trading. Operations are based on Rootstock, a Bitcoin sidechain, where a DAO is established to integrate EVM capabilities into the Bitcoin ecosystem, supporting decentralized finance activities.
Sovryn offers Sovryn DAPP, Sovryn Dollar, and Zero Interest Loans.
Sovryn has 13 investors. Key investors include Gate.io, Galaxy, Valour, AscendEX, and Blockware Solutions.