Bril Finance
Cross-chain yield management.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $3.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Bril Finance, established in 2022 and based in Honolulu, operates as a decentralized finance (DeFi) protocol focused on automated portfolio management for cryptocurrency holders. The company was founded by CEO Connor O'Shea and Beau Rowland. O'Shea brings a background in traditional finance and corporate strategy, having advised large banks on private blockchains and held roles at JPMorgan Chase & Co., Binance, and BnB Chain. This experience in both institutional finance and crypto-native environments shaped the company's approach to making sophisticated yield strategies more accessible.
The firm targets both experienced and novice crypto traders, aiming to simplify the deployment of capital. Its business revolves around a non-custodial decentralized application (dApp) that provides users with access to professional-grade portfolio management algorithms. Revenue is generated through its yield optimization strategies. The core of Bril's service is its single-asset vaults, which allow users to deposit a single type of token, such as USDT, BTCB, BNB, or ETH. The protocol then automatically deploys these assets into concentrated liquidity automated market makers (AMMs) across various blockchain ecosystems.
Bril's platform utilizes a proprietary liquidity provision algorithm with automated rebalancing features to enhance capital efficiency and manage risk. The system monitors market conditions in real-time, including metrics like time-weighted average prices (TWAPs), and automatically adjusts portfolio positions to respond to volatility. This allows for hands-off asset management for its users. In September 2023, Bril Finance secured $3 million in a seed funding round with participation from investors including FalconX, Kosmos Ventures, and the Algorand Foundation. A key milestone was a partnership with PancakeSwap in October 2023, integrating its tool into the decentralized exchange's position manager. The protocol operates on multiple blockchains, including the Sei Network, and has plans to expand to others like Ethereum, Base, and Polygon.
Keywords: decentralized finance, DeFi, yield optimization, automated portfolio management, liquidity provision, cryptocurrency, single-asset vaults, cross-chain, automated market maker, AMM, risk management, Connor O'Shea, PancakeSwap, crypto asset management, blockchain, yield aggregator, digital assets, financial protocol, web3, crypto investment