Fundraising FoxPool Together
Grand Rapids, US · Founded 2019 · 8 known investors
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PoolTogether is a permissionless protocol that enables no-loss prize savings, allowing users to deposit funds for a chance to win while generating yield from deposits. It serves individuals seeking financial tools to save money and avoid traditional lotteries, operating on blockchain infrastructure.
Also known as PoolTogether
Founders & leadership
Pool Together was founded in 2019 by Leighton Cusack.
Investors · 8
How we know: Blockchain Coinvestors's portfolio page · Not right? Tell us
How we know: ConsenSys Mesh's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Dragonfly's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Galaxy Ventures's portfolio page · Not right? Tell us
How we know: funding news · decrypt.co · Not right? Tell us
How we know: funding news · decrypt.co · Not right? Tell us
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$2.3M disclosed across 2 of 3 rounds · 2019–2022
▶$945KraisedSep 2020 · 11 investors · Other TechnologyRule 506(b)
- Leighton CusackExecutive Officer, Director, Promoter
- Offering amount
- $1M
- Amount sold
- $945K
- Proceeds to insiders
- $110K
- First sale
- Aug 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$1.3MraisedAug 2020 · 5 investors · Other TechnologyRule 506(b)
- Leighton CusackExecutive Officer, Director, Promoter
- Offering amount
- $1.3M
- Amount sold
- $1.3M
- Proceeds to insiders
- $110K
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026PoolTogether is a blockchain-based protocol for no-loss prize savings. Users deposit funds into the protocol and become eligible to win prizes; the prizes are funded by the yield generated on the pooled deposits rather than by the depositors' principal. The protocol states that there are no fees and that deposits can be withdrawn at any time, so participants retain their original capital regardless of whether they win.
The protocol is permissionless and positions prize savings as an alternative to conventional lotteries, framing the approach as a savings tool rather than a wager. Because the mechanics are implemented as automated smart-contract rules, the company describes the service as transparent, fair and openly accessible. Alongside the consumer-facing deposit product, PoolTogether maintains a builder track: developer documentation and a process for third parties to add their own vaults, with the protocol pitched to wallets, yield sources and blockchains as a source of end-user activity.
Business model
The protocol pools user deposits, routes them to yield sources, and distributes the resulting yield as prizes to depositors. PoolTogether states the protocol charges no fees and allows withdrawal at any time.
Traction
The company reports more than 100,000 people using the protocol.
▸Full profile — market position, technology, go-to-market
Market position
PoolTogether describes itself as a leading protocol for real adoption in prize savings, citing more than 100,000 users.
The no-loss structure — prizes funded solely from deposit yield, with no fees and anytime withdrawals — combined with a permissionless, rules-automated design that the company presents as transparent and accessible to anyone.
Technology
PoolTogether operates as a permissionless crypto protocol whose rules are automated in code. Yield-bearing vaults generate the returns that fund prizes, and third-party developers can integrate with the protocol and register additional vaults using its developer documentation.
Go-to-market
Direct consumer access through the protocol's own site and community channels, combined with a developer-oriented channel offering documentation and vault onboarding so wallets, yield providers and chains can surface prize savings to their own users.
Individual savers looking for a savings mechanism with prize upside instead of traditional lotteries, plus developers, wallets, yield sources and blockchains seeking to integrate prize savings.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 5
Companies working in the same space as Pool Together.
▸Research sources · 1
primary sources listed
- PoolTogether Crypto-powered savings protocolpooltogether.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Pool Together do?
- PoolTogether is a permissionless prize savings protocol where deposit yield funds prizes and deposits stay withdrawable.
- Who founded Pool Together?
- Pool Together was founded by Leighton Cusack in 2019.
- Who are Pool Together's investors?
- Pool Together's investors include Blockchain Coinvestors, ConsenSys Mesh, Dragonfly, Galaxy Ventures, Nascent, DTC Capital, IDEO CoLab Ventures.
- How much funding has Pool Together raised?
- Pool Together has disclosed $2.3M raised across 2 of its 3 known rounds.
- Where is Pool Together headquartered?
- Pool Together is headquartered in Grand Rapids, US.