Further Ventures Leads $3.2M Series Seed of BridgePort

Gunderson Dettmer represented client Further Ventures as the lead investor in the $3.2 million Series Seed financing of BridgePort, a middleware infrastructure for crypto trading. BridgePort’s platform helps eliminate prefunding by enabling real-time collateral management and messaging, reducing settlement risk and boosting capital efficiency for institutional crypto traders.

In the announcement of the transaction, BridgePort CEO Nirup Ramalingam said, “This funding from Further Ventures and our production launch mark a major milestone in our mission to fix capital inefficiency and prefunding risks in crypto. We are grateful to our investors for believing in our vision to build the institutional coordination layer for the off-exchange settlement of crypto that will better connect the ecosystem.”

Further Ventures Managing Partner Mohamed Hamdy added, “BridgePort is addressing one of the most structurally limiting inefficiencies in digital asset markets - prefunding and credit fragmentation across venues. Their team's expertise in building ultra-low latency systems for traditional finance uniquely positions them to engineer the institutional coordination layer required for scalable, off-exchange settlement. We see BridgePort's infrastructure becoming foundational to the next phase of crypto market structure evolution.”

The Gunderson deal team was led by Ibrahim Elshamy and included Shawna Reeder and Matt Fagan.

Companies
Further Ventures
BridgePort