Series A
$18M
Collab+CurrencySolana Ventures · LeadJump CryptoRobot VenturesL1DElectric CapitalCoinbase VenturesPlaceholderHaun Ventures
Startup profile
Squads
Series ANew York, NY, United States$18M raised
Open roles1
Total raised$18M
Team size11-50
Founded · Stage2021 · Series A
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About the company
What they build and who they serve.
Squads is a New York-based financial infrastructure company building on Solana. It operates Squads Multisig, a smart-account protocol that secures over $10B in assets across the Solana ecosystem, and Altitude, a stablecoin-native financial operating system that gives businesses multi-currency accounts, corporate cards, global payments, yield on balances and a CFO toolkit. The platform routes settlement on Solana 24/7 while connecting into traditional banking rails through a network of licensed stablecoin PSPs.
Why it matters
Signals from funding, traction, and product direction.
- Round brings Squads total funding to $42.9M, with Solana Ventures leading the raise alongside Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto and Robot Ventures
- Altitude launched publicly in December 2025 and has processed over $200M in payments for exporters, global agencies, crypto-native companies and cross-border remote teams
- Squads Multisig, the company's smart-account standard on Solana, secures over $10B in on-chain assets and is described as the de facto multisig standard on the network
- Altitude integrates licensed stablecoin PSPs including Bridge, MoonPay, Infinite and Due — referencing market deals like Stripe's $1.1B acquisition of Bridge and Mastercard's $1.8B acquisition of BVNK as the backdrop for its full-stack stablecoin financial OS
Funding history
Rounds and investors over time, newest first.
In the news
Press, announcements, and coverage about this company.
Investors
Collab+CurrencySolana VenturesJump CryptoRobot VenturesL1DElectric CapitalCoinbase VenturesPlaceholderHaun Ventures
Focus areas
Series ABlockchain FinanceFintechPayments
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