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Zapper announces the closure of its services despite securing $16.5M in funding. The company received significant backing in its Series A round led by Framework Ventures and Sound Ventures.
PRIVATEJul 28, 2026•2 days ago
Amount Raised
$16.5 Million
Round Type
Series A
Investors
Sound VenturesFramework Ventures
Description
Zapper, a leading asset management and portfolio tracking tool in DeFi, is shutting down its services. Despite raising approximately $16.5 million, the project struggled to convert its high user traffic into sustainable revenue. The team opted for an orderly withdrawal and plans to cease operations by August 3.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech
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