Loading organizations...
§ Private Profile · PO Box 662 Austin, TX 78767
Unchained is a technology company.
Unchained provides financial services built around collaborative custody for Bitcoin holders. The company specializes in multisignature vaults, offering clients joint control over their Bitcoin holdings, thereby enhancing security and reducing single points of failure. Its suite of services extends to Bitcoin-backed loans, trading directly into vaults, and specialized solutions for businesses and retirement accounts.
The company was co-founded by Joe Kelly and Dhruv Bansal. Established in 2016, Unchained emerged from the understanding that Bitcoin owners require robust, client-controlled financial tools that prioritize security and long-term ownership over traditional custodial models. This insight led to the development of a unique approach where clients maintain significant control over their assets.
Unchained serves individuals, high-net-worth clients, and businesses seeking to manage and leverage their Bitcoin while maintaining ultimate control. The company's vision is to deliver the premier suite of financial services for those who value collaborative custody, fostering a financial ecosystem built on transparency and self-sovereignty for Bitcoin owners globally.
Unchained has raised $274.5M across 6 funding rounds.
Key people at Unchained.
Unchained has raised $274.5M in total across 6 funding rounds.
Key people at Unchained.
Unchained has raised $274.5M across 6 funding rounds. Most recently, it raised $60.0M Series B in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2023 | $60M Series B | Vivek Pattipati | Trammell Venture Partners, Ecliptic Capital, Highland Capital Partners, NYDIG | Announced |
| Jun 7, 2021 | $125M Debt Financing | Robert Gutmann, Stone Ridge Holdings Group | Ecliptic Capital, Platform Ventures, Starting Line, Stronghold Resource Partners, Ten31, Trammell Venture Partners | Announced |
| Jun 1, 2021 | $25M Series A | — | Mercato Partners, Starting Line | Announced |
| Mar 2, 2021 | $55.5M Debt Financing | Robert Gutmann | Capital Factory, Ecliptic Capital, Platform Ventures, Starting Line, Stronghold Resource Partners, Trammell Venture Partners | Announced |
| Feb 1, 2021 | $6M Seed | — | Mercato Partners, Starting Line | Announced |
| Jun 1, 2018 | $3M Seed | — | Bitcoiner Ventures, Brand Foundry Ventures, G20 Ventures, IVP, Mercato Partners, Starting Line, Greg Bettinelli, The Community Fund, Rick Lewis, VU Venture Partners, Matt Mazzeo, Brian Spaly, Ezra Galston, Michael Komaransky, Mike W. Erwin, William Hurley | Announced |
Unchained is a bitcoin-native financial services company founded in 2016, recognized as a top 10 bitcoin platform in the US by assets under management. It helps thousands of individuals and businesses securely own their bitcoin through a collaborative custody model that combines financial services like multisignature vaults, loans, and IRAs with self-custody benefits, emphasizing ultimate consumer protection in volatile times.[1][8]
The company serves bitcoin holders seeking secure storage and advanced services without relinquishing control of their private keys. It solves the core problem of bitcoin self-custody—balancing security, accessibility, and institutional-grade tools—while enabling direct bitcoin purchases into cold storage, bypassing exchange withdrawals. Unchained operates remotely with an Austin, TX hub, prioritizing top US talent and fostering a culture rooted in bitcoin ethos, transparency, and proof-of-work principles.[1]
Unchained was founded in 2016 amid growing demand for secure bitcoin ownership as the cryptocurrency gained mainstream traction. While specific founders are not detailed in available sources, the company emerged to address the risks of centralized exchanges and single-key custody, pioneering collaborative custody to empower users with multisig vaults.[1][8]
Early traction came from helping thousands of clients transition to self-sovereign bitcoin holding, positioning it as a leader in the space. Pivotal moments include expanding to loans, IRAs, and a trading desk for seamless cold storage deposits, solidifying its role in bitcoin's maturing ecosystem.[1][8]
Unchained rides the bitcoin self-sovereignty trend, capitalizing on rising institutional adoption and retail demand for non-custodial solutions post high-profile exchange failures. Timing aligns with bitcoin's evolution from speculative asset to store-of-value, fueled by ETF approvals and macroeconomic uncertainty favoring decentralized finance.[1][8]
Market forces like regulatory clarity on crypto custody and growing bitcoin treasury adoption by corporations amplify its position. Unchained influences the ecosystem by normalizing multisig for everyday users, bridging retail and institutional needs, and promoting financial independence in a centralized financial world.[1][8]
Unchained is poised to expand as bitcoin scales, potentially deepening integrations with DeFi protocols, enterprise tools, and global markets. Trends like nation-state bitcoin reserves and AI-driven security will shape its path, enhancing multisig automation and yield products.
Its influence may evolve toward becoming a bitcoin wealth management standard, empowering more users to "truly own their wealth" amid mainstream adoption—reinforcing its founding mission in an increasingly bitcoin-centric financial landscape.[1][8]
Unchained has raised $274.5M in total across 6 funding rounds.
Unchained's investors include Vivek Pattipati, Trammell Venture Partners, Ecliptic Capital, Highland Capital Partners, NYDIG, Robert Gutmann, Stone Ridge Holdings Group, Platform Ventures, Starting Line, Stronghold Resource Partners, Ten31, Mercato Partners.
