Data: Sun Zu Lab raises €1.7 million
Founded in 2020, the French start-up specialising in crypto market liquidity analysis has just completed a new round of financing. American Tim Draper is one of the investors.
2024 is off to a pretty good start for Sun Zu Lab. After a particularly complicated 2023, as for many companies in the crypto sector, the French start-up specialising in crypto market liquidity analysis has just completed a new round of funding (Seed).
According to our information, the Paris-based start-up has raised €1.7 million ($2 million) from several investors. American Tim Draper is one of the new investors, as is Fun Fair Ventures. The Elaia fund, one of the investors in the first round of funding in 2022, has also gone back into the pot.
Created in 2020, Sun Zu Lab is a rather unusual player as it does "quantitative analysis" using mathematical models, explains Vincent Madrenas, co-founder and COO of Sun Zu Lab. The company's aim is to give its customers the right price for cryptos and other tokens. "While the price of a share in a company like Apple is easy to know, the price of a crypto or token is much less so, since there are as many prices as there are Exchanges and intermediaries on the market. Our role is precisely to give the right price," he adds.
To date, Sun Zu Lab has a few customers in several countries. With its new round of funding, the start-up (10 employees) wants to do two things: improve its product and the interface that gives access to the data, and expand abroad, particularly in the United States. From that point of view, the arrival of Tim Draper, who is one of the most active American investors on the market, could well help them.