Streamflow Raises $3.1 Million in Seed Round
Streamflow is excited to announce a $3.1M seed round led by Jump Crypto with participation from Solana Ventures, GBV, Hypersphere, IVC, Genblock Capital, AngelDAO, Paribus Ventures, T3E, AmberGroup, Solidity Ventures, Ratio Finance, Huobi Ventures and MEXc Labs.
The capital raised in this round will go towards growing the team to build out a powerful, realtime token distribution platform for teams and treasuries on Solana.
Streamflow provides a feature rich token distribution platform. This suite includes token vesting, payroll and batch payments all on top of a safe, secure multisig wallet. The Streamflow token distribution vision is ultra flexible and efficient, for this reason Streamflow already offers the opportunity to cancel or transfer streamed transactions and the team will look to continue innovating with these values in mind.
“Programmable blockchains opened a world of possibilities. Streaming payments are one of them. Existing IT and financial infrastructure cannot support and guarantee continuous payments — but low fee, high-throughput blockchain can. This financial primitive is a building block for progressive payroll, fundraising, investing, equity vesting, subscriptions and many more pay-per-usage use cases. We envision a future where one can earn yield on a stream, collateralise it, trade it, break it down into smaller streams or group multiple streams into bigger ones. We envision a future where money never stops, money streams and flows.” — Malisha, founder of Streamflow
“Latent demand for advanced token vesting and money streaming on Solana has been evident for some time now. As teams become increasingly distributed and projects continue to pay contributors via recurring streams of stablecoins and project tokens, primitives that help pre-program and manage these transactions become increasingly important. The Streamflow team has some of the most talented engineers in the Solana ecosystem building this product at breakneck pace. We couldn’t be more excited to back Streamflow as they build the future of money streaming on Solana.” — Shanav K Mehta, VP Investments, Jump Crypto
“Streamflow is solving a major pain-point that every developer encounters when building their project. By streamlining payroll, vesting schedules, and more, developers are able to focus on building their projects instead of having to worry about sending funds or structuring custom contracts to complete mundane operational tasks. We are excited to support Streamflow in its quest of increasing operational efficiency for teams building on Solana.”— Jack Platts, Co-Founder of Hypersphere
With Jump Crypto as lead investor (Phantom, Neon Labs, Saber, BlockFi, Coinlist, Trading View, and more) Streamflow is gaining a strong partner with an impressive track-record in growing and scaling pivotal crypto products.
With T3E, Solana Ventures, MEXc Labs, Hypersphere, Huobi Ventures, Genblock, GBV, AngelDAO and AmberGroup, Streamflow gains a first-rate, top group of advisors and network both in Solana and across the crypto space.
Streamflow is now live on mainnet and the next steps include:
- Ramping up onboarding of teams onto the Streamflow token distribution suite
- Adding liquid vesting contracts
- Launching an intuitive and powerful multisig wallet
- Adding support for batch payments
- A comprehensive UI/UX upgrade bringing a full fledged dashboard experience
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