# Slingshot

> Slingshot is a San Francisco-based crypto trading app that lets people buy, sell, and swap hundreds of thousands of tokens across multiple blockchains from a single USDC balance - hiding the usual friction of wallets, bridges, and gas fees behind a clean consumer interface. Founded in 2020 by Coinbase alum Clinton Bembry, it raised roughly $18M through a Ribbit Capital-led Series A and was acquired by NFT marketplace Magic Eden in April 2025.

- **Founded:** 2020
- **Headquarters:** San Francisco, California, United States
- **Founders:** Clinton Bembry (Founder & CEO)
- **Team size:** Small (roughly 4-30 employees across its independent history)
- **Products:** Slingshot Web App, Slingshot Wallet (mobile), Chain-abstracted trading
- **Notable:** Founder Clinton Bembry named to Forbes 30 Under 30 (Finance) in 2022, Raised approximately $18M+ including a $15M Series A led by Ribbit Capital, Grew to nearly 1 million users

## Products & services

- **Slingshot Web App** — A browser-based trading platform to buy, sell, and swap hundreds of thousands of tokens across multiple chains from one USDC balance, with 0% swap fees.
- **Slingshot Wallet (mobile)** — A self-custody mobile app for iOS and Android that lets users trade cross-chain from a single non-custodial USDC balance without managing gas or bridges.
- **Chain-abstracted trading** — Spot and limit orders for any supported token using one consolidated balance across networks like Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain.

## Achievements

- Founder Clinton Bembry named to Forbes 30 Under 30 (Finance) in 2022
- Raised approximately $18M+ including a $15M Series A led by Ribbit Capital
- Grew to nearly 1 million users
- Acquired by Magic Eden in April 2025
- Expanded token access to 250k+ tokens across seven blockchains

## Latest updates

- **2025-04** — Magic Eden acquired Slingshot in a mix of equity and $ME token to push beyond NFTs into cross-chain on-chain trading.
- **2021-12** — Closed a $15M Series A led by Ribbit Capital with participation from The Chainsmokers, Jason Derulo, and others.

## Links

- Website: https://slingshot.app
- LinkedIn: https://www.linkedin.com/company/slingshot-finance
- Twitter/X: https://twitter.com/SlingshotCrypto
- Instagram: https://www.instagram.com/slingshotcrypto/

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Profile page: https://yespress.io/slingshot
Published by YesPress — https://yespress.io
Last updated: 2026-07-10