OneBalance is a cross-chain infrastructure development company that recently completed a $20 million Series A financing round, bringing its total cumulative funding to $25 million. This round was led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV. Spencer Bogart, General Partner at Blockchain Capital, joined the OneBalance board of directors. OneBalance is committed to enhancing the user experience of Web3 products through its cross-chain integration product, Toolkit, which allows developers to achieve seamless cross-chain transactions and simplify user operations. The company plans to use the funds to expand its staff and enhance the functionality of Toolkit. CEO and co-founder Stephane Gosselin stated that OneBalance solves the complexities users face with multi-chain, multi-wallet, and bridging operations by providing a simple one-click experience. The leadership team includes Gosselin, who co-founded Flashbots, Daniel Worsley, former Flashbots operations head, serving as COO, and Ankit Chiplunkar, former Coinbase smart contract engineer, serving as CTO. In June 2024, OneBalance completed a $5 million seed round, with investors including Consensys, Wintermute, and Cobie.

The cross-chain infrastructure development firm OneBalance raised $20 million in Series A financing, bringing its total funding to date to $25 million.Cyber Fund and Blockchain Capital led the round, which saw additional support from Mirana Ventures and L2IV. As part of the investment, Blockchain Capital general partner Spencer Bogart has joined OneBalance’s board of directors, the company confirmed to The Block.OneBalance aims to improve the user experience of web3 products through its cross-chain integration product, Toolkit. The product allows developers to enable seamless cross-chain transactions for users — such as transferring assets or earning yield — without requiring them to monitor bridges or gas fees. The firm plans to use its $20 million financing to increase its employee headcount and to expand the functionality of its Toolkit product."Stablecoins are quickly replacing bank accounts and bringing millions of users onchain. They expect delightful experiences, not a maze of chains, wallets, bridges to navigate through to complete the most basic actions," OneBalance CEO and co-founder Stephane Gosselin said in a statement. "OneBalance fixes this by offering simple one-click experiences for any chain, any action and any token with unmatched speed, reliability, and cost. We've rethought blockchain development from the node up to maximize value creation for users instead of the status quo of retail extractable value."OneBalance's leadership includes its co-founder and CEO, Stephane Gosselin, who also co-founded Flashbots, a research and development organization aiming to mitigate the deleterious effects of maximum extractible value (MEV) on blockchain technology. Daniel Worsley, the former operations lead at Flashbots, now serves as OneBalance's COO, and Ankit Chiplunkar, a former Coinbase smart contract engineer, is OneBalance's CTO.In June 2024, OneBalance raised $5 million in seed funding with participation from Consensys, Wintermute, Cobie, and others.

OneBalance completes $20 million Series A funding round, led by Cyber Fund and Blockchain Capital