River
PrivateLast Round
Strategic
Jan 23, 2026
Total Funding Raised
$64.7M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
River is a decentralized finance (DeFi) company that is developing a chain-abstracted stablecoin system to connect assets and liquidity across multiple blockchains. Formerly known as Satoshi Protocol, the company's core product is the satUSD stablecoin, which can be minted by collateralizing assets on one blockchain to be used on another without requiring asset bridging.
Sector
Crypto & Web3
Verticals
Investment Platforms, Wealth Management, Blockchain Infrastructure, Digital Banking, Crypto Exchanges
Business Model
B2C
Customer Profile
Payment Processing Fee, Services & Consulting, Usage-Based SaaS, Hardware Sales
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
River Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
River Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Jan 23, 2026 | ||||
| Series B | May 16, 2023 | ||||
| Series A | Mar 11, 2021 | ||||
| Seed | Jun 17, 2020 |
River Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Maelstrom | Strategic |
| Slow Ventures | Seed, Series A |
| Castle Island Ventures | Seed, Series A |
| Cygni Capital | Seed |
| M13 | Series A, Series B |
| ESAS Ventures | Series B |
| Polychain Capital | Series A, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Feb 5, 2026
Partnered with Curve Finance to boost satUSD stablecoin liquidity.
- Jan 23, 2026
$12M raised in a strategic round.
River Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about River's valuation, stock price, and market status.