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§ Private Profile · Singapore, Central Region, Singapore
Pontem Network is a technology company.
Pontem Network is a product studio developing core decentralized applications for the Aptos blockchain ecosystem. Its Pontem Wallet enables users to engage with Web3, DeFi, and NFTs across various blockchains, including native Ledger support. The company builds essential infrastructure, fostering greater accessibility and utility within emerging blockchain environments.
Co-founded by Boris Povod, Head of Technology and R&D Lead, and Stas Oskin, Pontem Network emerged from a deep understanding of blockchain infrastructure. Povod, a seasoned developer since 2014, built the first JavaScript DPoS blockchain. This experience informs the mission to address the critical need for robust, user-friendly dApps on high-performance chains like Aptos.
Pontem Network targets individuals and developers participating in the Web3 and Aptos ecosystems. By providing foundational applications, the company aims to simplify user interaction with decentralized finance and digital assets. Its vision is to advance global financial inclusion through accessible blockchain technology, empowering wider engagement with the digital economy.
Pontem Network has raised $17.0M across 3 funding rounds.
Pontem Network has raised $17.0M in total across 3 funding rounds.
Pontem Network is a blockchain product development studio that builds foundational infrastructure, applications, and developer tools for the Aptos blockchain and the broader Move ecosystem.[1][2][3] It offers products like Liquidswap, a leading automated market maker (AMM) decentralized exchange (DEX), and Pontem Wallet, a cross-platform wallet for sending/receiving tokens and connecting to dApps, serving developers, traders, and users in Web3.[1][2] The studio solves scalability and security challenges in building decentralized applications (dApps) on Move-based chains by providing production-grade tools, with strong growth including 28.5 million swaps, $2.9B trading volume on Liquidswap, 1.4 million unique users, and over 800,000 wallet installs.[2]
Founded in 2021 (with roots in 2020), Pontem has raised $10.5M in a Series A round and remains active from its Singapore headquarters, positioning it as a key enabler in the Aptos ecosystem.[1][2]
Pontem Network emerged in 2020—over a year before Aptos launched—initially building for Meta’s Diem blockchain and its Move programming language, aiming to bridge the permissioned Diem ecosystem with the open web3 world.[2] When Diem's top engineers and executives spun out to create Aptos in October 2022, Pontem pivoted seamlessly to focus on applications and tooling for this new high-performance Layer 1 blockchain.[2] The company formally incorporated as Pontem Technology Ltd. in 2021, based in Singapore, and quickly gained traction as a pioneer in the Move space.[1][4]
Early milestones included launching the first AMM on Aptos testnet and mainnet, alongside developer tools that accelerated ecosystem adoption.[2] By securing $10.5M in Series A funding (including a $6M round about a year ago), Pontem solidified its role as a product studio driving Move's growth.[1]
Pontem stands out as a full-stack product studio in the Move/Aptos ecosystem through pioneering infrastructure and first-mover advantages:
These differentiators emphasize speed, security, and ease of use, fostering a robust community around Aptos tooling.[2][3]
Pontem rides the Move language wave, a Rust-based VM designed for safe, scalable smart contracts, gaining traction post-Diem as an alternative to Solidity amid Ethereum's high fees and security issues.[2][3] Its timing aligns perfectly with Aptos's 2022 mainnet launch, capitalizing on ex-Meta talent building parallelized execution for 10x+ throughput in DeFi, NFTs, and gaming.[1][2] Market forces like rising demand for Layer 1 alternatives (e.g., Sui, another Move chain) and Web3 adoption favor Pontem, as it provides "foundation tools" that bootstrap dApps without reinventing basics.[1][3]
By delivering interoperable wallets, DEXs, and dev tools, Pontem influences the ecosystem as a "portal to Move-powered applications," accelerating developer onboarding and liquidity—much like ConsenSys did for Ethereum—while included in CB Insights' Blockchain collection of 8,000+ innovators.[1][3]
Pontem's momentum positions it for expansion as Aptos matures, potentially launching more cross-chain bridges, AI-integrated tools, or enterprise-grade Move solutions amid 2025-2026's anticipated Layer 1 resurgence.[2] Trends like modular blockchains and real-world asset tokenization will amplify its tooling, evolving Pontem from Aptos pioneer to Move ecosystem orchestrator. Watch for $LSD governance upgrades and deeper Sui integrations to boost influence, building on its first-mover edge to capture DeFi's next growth phase.[2] This studio's early bets on Move echo blockchain's permissionless innovation, priming it to shape Web3's scalable future.
Pontem Network has raised $17.0M across 3 funding rounds. Most recently, it raised $6.0M Other Equity in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 11, 2024 | $6M Venture Round | Banafsheh Fathieh, Lightspeed Venture Partners | Altonomy, Aptos Foundation, Kraken Ventures, Paul Veradittakit, Shima Capital, Wintermute | Announced |
| Jan 1, 2024 | $6M Series U | Lightspeed Faction, Lightspeed Venture Partners | Blockchain.com Ventures, Boldstart Ventures, Cyberstarts VC, Faction VC, FirstHand Alliance, Haun Ventures, NEW Form Capital, Pantera Capital, The HIT Forge, Tioga Capital Partners, Balaji Srinivasan, Kevin Weil, Mike Giampapa, Altonomy, Aptos Foundation, Kraken Ventures, Shima Capital, Wintermute | Announced |
| Jun 1, 2021 | $5M Seed | Jehan CHU, Mechanism Capital | Alameda Ventures, Animoca Brands, Delphi Ventures | Announced |
Pontem Network has raised $17.0M in total across 3 funding rounds.
Pontem Network's investors include Banafsheh Fathieh, Lightspeed Venture Partners, Altonomy, Aptos Foundation, Kraken Ventures, Paul Veradittakit, Shima Capital, Wintermute, Lightspeed Faction, Blockchain.com Ventures, Boldstart Ventures, Cyberstarts VC.