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X10 raised $6.5M in a seed funding led by Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund to build a new kind of crypto exchange that combines a Revolut-like user experience with self-custody of funds.

Apr 30, 2024over 1 year ago

Amount Raised

$6.5 Million

Round Type

seed

LondonCryptocurrencyBlockchain

Investors

LidoRevolutCyber FundStarkwareCherry VenturesSemantic VenturesTioga Capital

Description

UK-headquartered X10, a hybrid crypto exchange, has raised $6.5 million in funding from Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund, as well as notable angels such as executives from Revolut and the founder of Lido, Konstantin Lomashuk. The funding will be used to build a new kind of crypto exchange that combines a Revolut-like user experience with self-custody of funds.

Company Information

Company

X10

Location

London, England, United Kingdom

About

X10 is a UK-headquartered hybrid crypto exchange providing the centralised exchange experience DeFi lacks. It aims to bring efficient and profitable trading practices into the transparent web3 space.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers