Saber Labs is a technology company.
Saber Labs has raised $8.0M across 1 funding round.
Saber Labs has raised $8.0M in total across 1 funding round.
Saber Labs is a technology company that developed Saber, a decentralized exchange (DEX) and automated market maker (AMM) on the Solana blockchain, specializing in stablecoin liquidity and cross-chain asset swaps.[3][4] It serves DeFi users, liquidity providers, and traders by enabling low-slippage exchanges of stablecoins like USDT and USDC, wrapped assets from Ethereum and Bitcoin, and other tokens, solving fragmentation in stablecoin liquidity across chains.[2][3][4] Launched in June 2021 after raising $7.7M in seed funding, Saber leverages Solana's high throughput for fast, low-cost trades, with growth marked by rapid pool expansions (16+ pools) and integrations with wallets, yield aggregators, and analytics tools.[3][4]
Saber Labs was founded in 2017 by brothers Dylan Macalinao (CEO, ex-Head of Product at OKCoin and Design Fellow at IDEO CoLab) and Ian Macalinao, headquartered in Solana, Misamis Oriental, Philippines.[2][3][4] The idea emerged from identifying gaps in stablecoin liquidity on high-performance blockchains, leading to Saber's official launch in June 2021 as Solana's core cross-chain stablecoin exchange.[3][4] Early traction included a $7.7M seed round in July 2021 led by Race Capital, with investors like Social Capital (Chamath Palihapitiya), Multicoin Capital, Jump Capital, and Solana Foundation, fueling hiring, marketing, and product development.[2][3][4][5] Pivotal moments involved quick adoption via Solana's DEX volume surge and partnerships with projects like Wormhole and Ren for cross-chain liquidity.[4]
Saber Labs rides the Solana DeFi boom, capitalizing on Solana's scalability to challenge Ethereum's dominance in DEX volume and stablecoin trading amid 2021's DeFi summer.[2][3][4] Timing aligned with Solana's surge (e.g., 61% unique wallet growth on Saber in 2023), driven by market forces like high Ethereum gas fees and demand for efficient AMMs.[2][4] It influences the ecosystem by deepening Solana liquidity, enabling cross-chain DeFi primitives, and fostering integrations that amplify protocols like Serum and Step Finance, though controversies around founders' pseudonymous tactics highlight risks in anon-driven crypto development.[4][5]
Saber Labs could pivot toward Aptos or new L1s post-Solana, building on its AMM expertise amid maturing multi-chain DeFi and regulatory scrutiny.[5] Trends like AI-optimized liquidity, RWA tokenization, and Solana's revival will shape growth, potentially expanding via fresh pools and bridges, but founder investigations may impact trust and funding.[5] As Solana's stablecoin liquidity pioneer, its influence may evolve from niche DEX to broader DeFi infrastructure, rewarding adaptability in a competitive landscape.
Saber Labs has raised $8.0M in total across 1 funding round.
Saber Labs's investors include Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches.
Saber Labs has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $8.0M Seed | Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sapphire Ventures, Sequoia Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Sahin Boydas, Scott Belsky, Suhail Doshi |