Stronghold, a San Francisco and New Zealand-based crypto exchange platform, secured $3.3m in seed funding.
The round was led by Dave Samuel, founding general partner at Freestyle Capital, with participation from
- Hack VC,
- Precursor Ventures,
- Neural Capital,
- Array Ventures,
- Cantos Ventures,
- Randy Reddig (founding team of Square),
- Dan Macklin (founder of So-Fi),
- Vinny Lingham (founder of Civic),
- Rick Marini (founder of Protocol Ventures),
- Jake Gibson (founder of Nerdwallet), and
- Mike Mickiewicz (co-founder of Hired).
The company intends to use the funds to improve the trading experience, continue the growth and development of its platform, add more assets and liquidity onto Stellar’s network through its platform, and develop its cryptocurrency asset management platform further.
Led by Tammy Camp, CEO, and Sean Bennett, CTO, Stronghold provides a trading platform built on the Stellar network, taking advantage of near-instant transactions with nominal fees. Stellar connects banks, payments systems and people, enabling them to move money quickly, reliably, and at almost no cost.
Stronghold currently represents Bitcoin, Ethereum and Lumens, with more currencies on the way.
It has a current user base of over 20,000 traders.