Somm Finance

Somm Finance

Access to risk-managed, multi chain DeFi strategies powered by off-chain computation

Founded 2021 12 employees Total: $29.50M Blockchain, Crypto

Sommelier Finance is a blockchain startup focusing on providing access to risk-managed, multi-chain DeFi strategies powered by off-chain computation. The company is built on the Cosmos SDK to maximize interoperability with other blockchains, and aims to serve as a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to Ethereum, Sommelier will be able to execute strategies across multiple blockchains, opening up a wide horizon of possibilities. Traditional Finance has come to rely on the power of off-chain computation, allowing proprietary strategies to include the work of highly sophisticated data modeling and machine learning models, which would be impossible to achieve on-chain. Sommelier aims to do all of this without the tradeoff of centralization that exists in traditional finance, thanks to its Validator Set. Being founded in 2020, the company operates within the Blockchain industry and recently secured a $2.00M Funding Round investment on 01 January 2022 from Alameda Research Ventures. With its focus on innovation in DeFi and its ability to operate across multiple blockchains, Sommelier Finance represents an exciting prospect in the blockchain and finance space, with notable potential for growth and disruption.

Funding Stage	Amount	Investors	Lead Investors	Date
Funding Round	$2.00M	1	Alameda Research	01 Jan 2022
Series A	$23.00M	8	Polychain Capital, Zola Global +6	20 Oct 2021
Grant	$1.00M	1	The Graph	14 Apr 2021
Seed Round	$3.50M	-		10 Mar 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Funding Round

$2.00M

Alameda Research

01 Jan 2022

Series A

$23.00M

Polychain Capital, Zola Global +6

20 Oct 2021

Grant

$1.00M

The Graph

14 Apr 2021

Seed Round

$3.50M

10 Mar 2021

FAQ About Somm Finance

Access to risk-managed, multi chain DeFi strategies powered by off-chain computation

Somm Finance was founded in 2021.

Somm Finance operates in Blockchain and Crypto. Its work centres on DeFi, blockchain interoperability, off-chain computation and Cosmos SDK.

Somm Finance has approximately 12 employees.

Somm Finance has completed 4 funding rounds, raising a total of $29.50M.

Top alternatives and competitors to Somm Finance include Gauntlet. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Somm Finance and Gauntlet are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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