Hedgehog Analysis: $2M Raised
What is Hedgehog?
Hedgehog is a registered investment adviser specializing in cryptocurrency management. Their unique approach combines traditional finance practices with decentralized finance, allowing users to manage digital assets effortlessly. This enables users to invest in a diversified portfolio while Hedgehog handles automatic rebalancing and performance tracking.
Location
Los Angeles, United States
Employees
1-10
Founded
2017
Business Model
Tokenizes real-world assets; revenue from investment management fees.
Product Features & Capabilities
- Easy portfolio diversification, Automatic rebalancing, Customizable risk profiles, Real-time data and performance tracking, Digital asset trading services and custody, Personalized crypto advice.
Pricing
- No additional fee to use the app.
How much Hedgehog raised
Seed - $1.6 million
August 24, 2021Lead Investor: Dragonfly Capital, Y Combinator, Baroda Ventures
Who are the founders of Hedgehog
Competitors Overview
Hedgehog operates in the crypto investing market as a robo-adviser, and its main competitors include:
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Animus Technologies: Offers AI-driven asset management solutions specifically for cryptocurrency, focusing on automated, data-driven investment strategies.
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CryptoSimple: Specializes in automated, diversified portfolio management for individual investors, aligning with users' financial goals and risk tolerance.
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Path: A registered investment advisor providing automated investment strategies and tools for managing digital asset portfolios for both individual and institutional clients.
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Gnosis: Focuses on payments infrastructure and decentralized financial tools, providing an electronic market for trading and managing crypto assets.
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Blockfolio: A portfolio management application for trading cryptocurrencies and stocks, targeting individual investors looking for a comprehensive trading platform.
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Deutsche Digital Assets: Specializes in crypto asset management, offering a range of products including physically-backed digital assets.
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TigerEx: Involved in creating cryptocurrency exchange-traded funds (ETFs), providing investment options within the financial services sector.
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CoinStats: A leading crypto portfolio management tool that allows users to track crypto, DeFi, and NFT assets in real-time, emphasizing ease of use and security.
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CoinSmart: Focuses on making cryptocurrency accessible, offering a straightforward trading experience with quick account verification.
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1inch Wallet: A non-custodial wallet with a built-in DEX aggregator, allowing users to trade across multiple networks efficiently.
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ZenLedger: Specializes in tracking crypto trades and generating tax forms, catering to traders, miners, and HODLers.
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TokenTax: A cryptocurrency tax calculator that helps users track capital gains and losses, offering tools for tax compliance.
Notable differences among these competitors include their specific focus areas, such as AI-driven solutions, automated portfolio management, or tax compliance tools, which may provide advantages depending on the investor's needs.
Market Focus
Hedgehog primarily focuses on the cryptocurrency investment market, specifically as a robo-adviser that aims to make crypto investing more accessible and streamlined by applying traditional finance principles to decentralized finance.
Investors
- Y Combinator
- DRAGONFLY
- Reciprocal Ventures
- Republic Capital
- 6th Man Ventures
- 6 other institutional investors (specific names not provided)
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