Opyn

company

About

Opyn allows users to earn a premium or take views on assets by trading options on ETH and ERC20s.

Details

Last Funding Type
Pre-seed
Last Funding Money Raised
$250K
Industries
Cryptocurrency,Ethereum,FinTech,Trading Platform
Founded date
Jan 1, 2019
Number Of Employee
1 - 10
Operating Status
Active
Legal Name
Opyn Inc.

Opyn allows users to earn a premium or take views on assets by trading options on ETH and ERC20s.

Opyn v2 offers European, cash-settled options that auto-exercise upon expiry. Opyn options (oTokens) are ERC20s, so they can be trading on any decentralized exchange that follows the ERC20 standard.

Opyn v1 laid the foundation for DeFi options as the first live ERC20 options protocol. For the first time, anyone could create, buy, and sell options on any ERC20 token. Opyn v1 will remain live on the Ethereum network, providing a venue for American, physically settled options. We will continue to launch ERC20 options on Opyn v1.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$9.11M
Opyn has raised a total of $9.11M in funding over 2 rounds. Their latest funding was raised on Feb 3, 2021 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 3, 2021 Series A $6.70M 5 Paradigm Detail
Jun 22, 2020 Seed $2.16M 11 Dragonfly Detail
Mar 2, 2019 Pre-seed $250K Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Opyn has made 1 investments. Their most recent investment was on Jan 21, 2020, when Flutin raised $500K.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 21, 2020 Flutin
Seed $500K Apps

Investors

Number of Lead Investors
Number of Investors
2
15
Opyn is funded by 15 investors. Paradigm and Coinbase Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Paradigm Yes Series A
Coinbase Ventures Series A
Dragonfly Series A
Kain Warwick Series A
Stani Kulechov Series A
1kx Seed
A.Capital Ventures Seed
Balaji Srinivasan Seed
CoinFund Seed
DTC Capital Seed

Employee Profiles

Number of Employee Profiles
3
Opyn has 3 current employee profiles, including Executive Zubin Koticha
Executive
Executive
Executive