Turtle Club, a Zurich, Switzerland-based on-chain liquidity distribution protocol provider, raised $6.2M in Seed funding.
The round was led by THEIA, with participation from Susquehanna (SIG), Laser Digital, Consensys, Selini, RE7 Capital, L2IV, Archimed Capital, Trident Digital, Bodhi Ventures, Shorewoods, Triton Liquid, AUROS Global, Chorus One, Frachtis, Moonhill Capital, Tulipa Capital, and others. Angel investors included Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Essi Lagevardi, Turtle Club enables on-chain liquidity distribution by allowing liquidity providers (LPs) to earn rewards across multiple protocols. The protocol also helps projects and distribution partners align incentives, create visibility into liquidity costs across chains, establish risk-adjusted benchmarks for protocol categories, and design more sustainable incentive models. Capital providers benefit from transparent metrics that guide strategic deployment.
Since its launch in March 2024, Turtle Club has reported:
- 315,000+ registered wallets.
- $2.3 Billion+ in total value bootstrapped.
- 51 integrated protocols.
- $550M deployed in 45 days via its first chain bootstrapping campaign.
FinSMEs
12/05/2025