WOO Network

WOO Network is a deep liquidity network with a mission to empower individuals with the right to freely trade, invest, borrow and lend to better their lives.

WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity, trading execution, and yield generation strategies at lower to zero cost.

WOO Network founded in 2019 by Jack Tan and Mark Pimentel. The company was incubated by Kronos Research and is headquartered in Taipei, Taiwan.

 

WOO Network provides active liquidity to 40+ institutions, exchanges, trading teams, wallets, and decentralized applications.

 

WOO Network began providing liquidity on Binance Smart Chain (BSC) via their decentralized WOOFi products, which use WOO Network’s custom market data feeds and advanced hedging strategies to provide the depth and spreads of centralized markets without the need for excessive on-chain capital.

 

WOO Network liquidity now backs a number of decentralized protocols, including DYDX, Matcha, ParaSwap, 1inch, and DODO, leveraging capital-efficient solutions to gain an edge over passive liquidity providers.

 

WOO Network is backed by Three Arrows Capital, Binance Labs, Dragonfly Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Crypto.com Capital, Avalanche, BitTorrent, and others. The company raised $12M in Series A+ on Jan 04, 2021. This follows a $30M Series A raised on Nov 09, 2021, bringing the round total total $42M. The additional investment also brings WOO Network's total funding to $52M to date.

 

 

 

  • Year founded: 2019
  • Funding Info: $52M over 3 Rounds (Latest Funding Type: Series A+)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Taipei
  • State: Taipei
  • Country: Taiwan
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