Overview

Bastion provides a platform that helps businesses integrate web3 technology into their existing systems, enhancing digital interactions for their customers. The platform includes features like custodial wallets for secure management of digital assets, smart transaction routing to optimize transaction efficiency, and data analytics to provide insights into customer behavior. Unlike many competitors, Bastion offers a white-label solution that allows organizations to customize the platform to fit their brand without needing extensive development resources. The goal of Bastion is to empower organizations of all sizes to improve their digital capabilities and stay competitive in a rapidly changing digital environment.

Simplify's Take

What believers are saying

• Growing interest in white-label blockchain solutions boosts Bastion's market potential.
• Rising demand for custodial wallets enhances Bastion's service appeal.
• Enterprises increasingly adopt web3 technologies, benefiting Bastion's platform.

What critics are saying

• Intensifying competition from web3 infrastructure providers threatens Bastion's market share.
• Regulatory scrutiny on digital asset management may increase Bastion's compliance costs.
• Rapid technological changes in blockchain require continuous innovation from Bastion.

What makes Bastion unique

• Bastion offers a compliant, white-label platform for seamless web3 integration.
• The platform includes custodial wallets, smart transaction routing, and data analytics.
• Bastion serves diverse clients, from small businesses to large enterprises.

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Funding

Total Funding

$24.3M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Andreessen Horowitz

Notable Investors:

Andreessen Horowitz

$25,000,000

Seed

Sep 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$25M