Superstate
About Superstate
Superstate is a Crypto startup based in New York, NY, USA that has raised $101M in venture capital across 3 funding rounds since 2023. The company reached Series B stage in June 2023 with a $4M round led by institutional investors. Superstate's investor base includes 4 institutional funds, with Bain Capital Crypto leading the most recent equity round.
Superstate is a tokenization infrastructure firm that modernizes capital markets by connecting traditional financial assets with on-chain markets. The company offers Opening Bell (a platform for compliant on-chain equity issuance), USTB (a tokenized US Treasury fund managing over $900M), and USCC (a tokenized fund for crypto basis exposure). Founded by Robert Leshner, co-founder of the DeFi lending protocol Compound, Superstate became the infrastructure provider for Invesco's entry into tokenized funds.
Superstate Funding Rounds Timeline
3 rounds · $101M raised · since 2023
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | June 2023 | $4M | — | — | — |
| Series A | November 2023 | $14M | — | Distributed Global | CoinFund |
| Series B | January 2026 | $83M | — | Bain Capital Crypto | Distributed Global, Galaxy Digital, Haun Ventures, Brevan Howard Digital, Sentinel Global, Bullish, Hypersphere Capital, Flowdesk, Invesco |
Investors in Superstate
4 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about Superstate
Questions about Superstate
How much has Superstate raised?
Superstate has raised $101M across 3 funding rounds since 2023.
Who are the investors of Superstate?
Superstate's investors include Bain Capital Crypto, Distributed Global, Galaxy Digital, Haun Ventures.
When was Superstate's last funding round?
Superstate's most recent round was a $4M Seed in June 2023.
Where is Superstate headquartered?
Superstate is headquartered in New York, NY, USA, and was founded in 2023 by Robert Leshner.