Orchid Protocol raised $36 M in a new round of funding on 2018-04-20.

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According to media reports, Orchid Protocol raised $36 M in a new round of funding on 2018-04-20. the investors in this funding round include Andreessen Horowitz,Blockchain Capital,Sequoia Capital,Box Group,DFJ Growth,MetaStable Capital,Compound VC,Yes VC and others. Following this round, Orchid Protocol's total funding reached $45 M.
Orchid is a platform that enables an onion routing network incentivized by OXT and a multi-hop VPN client. It aggregates the services of numerous high-quality VPN providers in a unique, decentralized marketplace powered by OXT tokens. Bandwidth providers register as sellers on the network by staking their own capital up-front in the form of OXT. This staked capital functions like a security deposit, incentivizing VPN bandwidth providers to supply users with high-quality service. Providers who fail to do so are risking their own capital.

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OXT Fundraising History
RoundAmountValuationTimeInvestor(s)
--$36 M--2018-04-20Andreessen Horowitz,Blockchain Capital,Sequoia Capital,Box Group,DFJ Growth,MetaStable Capital,Compound VC,Yes VC
Key Milestones
  • 2019-12
    $OXT was live for trading
  • 2019-05-10
    Orchid Protocol raised $ 5 M in funding round
  • 2018-04-21
    Orchid Protocol raised $ 36.1 M in funding round
  • 2017-10-31
    Orchid Protocol raised $ 4.7 M in Seed round
24-Hour High
$0.06218
24-Hour Volume
$389.21K
All-Time High
$1.02
All-Time Low
$0.04665
Market Cap / FDV
59.15%
FDV
$61.78M
24-Hour Low
$0.06039
Market Cap
$61.78M
Circulating Supply
591.54M OXT
Total Supply
1.00B OXT
Max Supply
-- OXT
Market Sentiment
Positive
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