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Drift Protocol (DRIFT)
Solana perps DEX hosting its own BET prediction markets
liveVenueHybridSolanacryptogeneral
Total raised
$52.3M
Rounds
3
Founded
2021
HQ
Sydney, Australia
Founders
Cindy Leow
co-founder
ex-SoftBank Ventures Korea; ran a $30M crypto fund at 21
David Lu
co-founder
ex-hedge fund managing partner; co-founded Textbook Ventures
Chris Heaney
co-founder, head of engineering
ex-Amazon software engineer
Funding history — 3 rounds
| Date | Round | Amount | Valuation | Investors | |
|---|---|---|---|---|---|
| Sep 2024 | Series B | $25.0M | — | Multicoin Capital, Blockchain Capital, Folius Ventures, Primitive Ventures | Reported |
| Jan 2024 | Series A | $23.5M | — | Polychain Capital, Anatoly Yakovenko, Raj Gokal, Folius Ventures, Bixin Ventures, Ethereal Ventures | Reported |
| Oct 2021 | Seed | $3.8M | — | Multicoin Capital, Robot Ventures, Jump Capital, QCP Capital, ROK Capital, Not3Lau Capital, Alameda Research, Loi Luu, Jason Choi, Julian Koh, Zhuoxun Yin, Windra Thio, Celia Wan, Dominic Tsang, Hassan Bassiri | Reported |
Backers — 23
Multicoin CapitalBlockchain CapitalFolius VenturesPrimitive VenturesPolychain CapitalAnatoly YakovenkoRaj GokalBixin VenturesEthereal VenturesRobot VenturesJump CapitalQCP CapitalROK CapitalNot3Lau CapitalAlameda ResearchLoi LuuJason ChoiJulian KohZhuoxun YinWindra ThioCelia WanDominic TsangHassan Bassiri