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Switchboard raised $7.5M in Series A funding led by Tribe Capital and RockawayX to expand operations and development efforts.

May 28, 2024•about 1 year ago

Amount Raised

$7.5 Million

Round Type

series a

MiamiSoftware

Investors

Ascensive AssetsBreed VcArche CapitalStarkwareSubzero VenturesMysten Labs (Sui)Aptos LabsSolana FoundationRockaway XTribe Capital

Description

Switchboard, a Miami, FL-based provider of a customizable oracle network, raised $7.5M in Series A funding. The round was led by Tribe Capital and RockawayX, with participation from several other investors. The funding will be used to expand operations and development efforts.

Company Information

Company

Switchboard

Location

Miami, Florida, United States

About

Switchboard is a decentralized, community curated oracle network built with the goal of making all data, on-chain and off-chain, easily accessible for developers. Switchboard v2 enables builders to bring any data on-chain all through our permissionless decentralized oracle network. Combined with Solana's low transaction fees and high throughput, Switchboard unlocks new use cases around DeFi, NFTs and Gaming.

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

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