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§ Private Profile · Solana Beach, USA
Squads is a technology company.
Squads Labs develops financial technology products and APIs for the stablecoin economy, built on open infrastructure like Solana. Their core offerings include Squad Multisig for secure team treasury and Fuse, a personal finance application for stablecoins. These are powered by their Grid platform, designed to streamline on-chain economic activities for enhanced efficiency.
Co-founded by Stepan Simkin around 2021, Squads Labs originated from recognizing stablecoins' inevitable rise as a foundational element of global finance. The team identified stablecoins transitioning from a niche experiment to a pivotal financial component. This insight propelled them to build solutions that accelerate the integration and utility of these digital assets.
Squads Labs serves Solana-based teams needing robust multisig, alongside individuals and businesses seeking efficient financial tools. The company envisions a future where finance is cheaper and faster, leveraging stablecoins and internet capital markets. Its mission is to simplify and expand on-chain economic activity, solidifying stablecoins' role in global financial operations.
Squads has raised $18.0M across 3 funding rounds.
Squads has raised $18.0M in total across 3 funding rounds.
Squads Labs is a technology company building smart account tools to enable secure, efficient onchain economic activity. It develops products like Squads for enterprises and Fuse for individuals, helping businesses, teams, and people manage digital assets seamlessly.[1]
Trusted by over 250 ecosystem teams—including Jupiter, Pyth, Raydium, Marginfi, Backpack, Drift, Helius, Kamino, Jito, Tensor, and Helium—Squads Labs grows the onchain economy through smart account technology. Backed by investors like Electric Capital, RockawayX, Coinbase Ventures, Placeholder, Multicoin Capital, Jump Crypto, and Solana Ventures, it serves the blockchain sector with strong adoption momentum.[1]
Squads Labs emerged to address inefficiencies in onchain transactions, focusing on smart account technology for secure asset management. While specific founding details like year or founders are not detailed in available sources, the company has rapidly gained traction, securing partnerships with top Solana ecosystem projects and major investors.[1]
Its pivotal growth stems from delivering practical tools amid rising blockchain adoption, earning trust from high-profile teams and positioning it as a key enabler for onchain business operations.[1]
Squads Labs stands out in the blockchain space through:
These elements create a developer-friendly, secure platform that lowers barriers to onchain adoption.
Squads Labs rides the onchain economy trend, where blockchain shifts economic activity from centralized systems to decentralized, programmable ledgers. Its smart accounts solve key pain points like secure multisig wallets and team coordination, timing perfectly with Solana's high-throughput ecosystem growth and rising DeFi/infrastructure demand.[1]
Market forces like institutional crypto adoption and regulatory clarity favor it, as tools for compliant, efficient onchain ops become essential. By empowering projects like Pyth and Jito, Squads influences the ecosystem, accelerating builder productivity and mainstreaming onchain business models.[1]
Squads Labs is poised to expand its smart account dominance as onchain commerce matures, potentially launching advanced features for DAOs, tokenized assets, and cross-chain ops. Trends like embedded wallets, AI-driven treasury management, and L2 scaling will shape its path, amplifying influence in Solana and beyond.[1]
With 250+ teams onboard and blue-chip backers, expect deeper integrations and global reach—solidifying its role as onchain infrastructure bedrock, much like how it already powers efficient economic activity today.[1]
Squads has raised $18.0M across 3 funding rounds. Most recently, it raised $10.0M Series A in June 2024.
Squads has raised $18.0M in total across 3 funding rounds.
Squads's investors include DBA, Greylock, Hack VC, ParaFi Capital, Placeholder, Polygon, Collab+Currency, Aglae Ventures, Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Jana Messerschmidt.