Tech Company Financing Transactions
Vega Funding Round
Vega secured a $5 million funding round on 3/19/2021. Backers included Arrington XRP Capital Fund, Cumberland and CMS Holdings.
Transaction Overview
Company Name
Announced On
3/19/2021
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Arrington XRP Capital Fund (Lead Investor)
Cumberland (Lead Investor)
Proceeds Purpose
The company plans to use its new capital on resources to ship and test high-quality code, among other things.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Portland House Glacis Rd. 23
Gibraltar, GX11 1AA
Gibraltar
Gibraltar, GX11 1AA
Gibraltar
Phone
Undisclosed
Website
Email Address
Overview
Vega is a protocol for creating and trading margined financial products on a fully decentralised network. The network, secured with proof-of-stake, will facilitate fully automated, end-to-end margin trading and execution of complex financial products. Anyone will be able to build decentralised markets using the protocol.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Barney Mannerings
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Where The Data Comes From
We document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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