What is NetPlusDotCom?
NetPlusDotCom is a company operating within the decentralized finance (DeFi) sector, specifically focusing on automated market maker (AMM) technology. Its core offering, Saddle, is designed as an AMM on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle aims to provide cheap, efficient, and swift swaps for traders, alongside high-yield pools for liquidity providers (LPs). The company emphasizes collaboration and views Saddle as a foundational 'DeFi lego block' capable of being integrated across various blockchains, thereby supporting the broader DeFi ecosystem's expansion.
How much funding has NetPlusDotCom raised?
NetPlusDotCom has raised a total of $7.5M across 1 funding round:
Unspecified
$7.5M
Unspecified (2021): $7.5M with participation from Polychain Capital, Electric Capital, Nascent, and eGirl Capital
Key Investors in NetPlusDotCom
Polychain Capital
Polychain Capital is a prominent investor in cryptocurrency protocols and companies, specializing in blockchain-based assets. Established in 2016 and based in San Francisco, California, they focus on the digital asset space.
Electric Capital
Electric Capital focuses on investing in Web3 and crypto founders, combining technical depth with insights into protocol design and security. They explore opportunities in user-owned technology and AI-influenced financial systems.
Nascent
Nascent operates within the Financial Services industry, employing 11-20 people and generating $1M-$5M in revenue, with its headquarters in the United States.
What's next for NetPlusDotCom?
The substantial enterprise-level backing and recent strategic investment indicate NetPlusDotCom is poised for significant scaling and innovation. This capital infusion will likely be directed towards enhancing Saddle's technological capabilities, expanding its market reach to new blockchain ecosystems, and potentially developing new DeFi primitives. The company's focus on collaboration suggests a strategy of ecosystem integration, aiming to become a key infrastructure component for other DeFi projects. Future developments may include further protocol optimizations for reduced slippage and increased yield generation for LPs, solidifying its position as a leading AMM solution.
See full NetPlusDotCom company page
