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Derisk (YC S22)

Derisk (YC S22)

Key custody software that secures crypto assets for businesses

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Security Type
Technology, Financial Services, Crypto & Blockchain
Min Investment
Palo Alto , CA

Key Deal Facts

Uses best-in-class custody infra and leverages Multi-Party Computation (MPC) cryptography
Ex-Facebook Novi Wallet team that built MPC, and grew fiat wallet from 200k to 40m users
Helps customers shard and secure keys, monitor and manage them, scale across chains and much more
1 customer paying $15k a year, and 3 businesses in trial since incorporating 8 weeks ago
$1m raised in the current round from Lombardstreet Ventures, Pioneer Fund, Stonks Fund, Xoogler Fund
Angels include executives at Brigit and Strikingly

Management Team / Advisory Board Bios

Agni Bhattacharya CEO & Co-founderProduct manager and entrepreneur in the internet industry with experience in social, advertising, fintech (lending + payments), and machine learning product verticals. Graduated as a Westgate Scholar from Johns Hopkins University., Allison Bellows CTOBachelor of Science, Computer Science graduate from Brigham Young University and former product engineer at Facebook
Amount Raised : $1,537,000
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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