1inch Valuation, Funding & Investors

1inch is valued at $2.3B as of December 2021.

See full 1inch profile

Last 1inch valuation

$2.3B

Series B · Dec 2021

Last 1inch funding round

$175M

Series B · Dec 2021

Cumulative funding 1inch raised

$190M

across 3 funding rounds

Key investors in 1inch

  • Pantera Capital
  • YZi Labs
  • Galaxy Digital
  • LAUNCHub Ventures
  • IOSG Ventures
  • Amber Group

1inch Overview

About 1inch

1inch is a decentralized exchange aggregator operating across 10 blockchains including Ethereum, BNB Chain, Polygon, and Arbitrum. Headquartered in DIFC, UAE, and operated by Degensoft Ltd in BVI, it offers smart routing for optimal swaps, a non-custodial wallet, fusion mode for gasless trades, and institutional APIs for high-volume liquidity access.


Founded

2020

HQ

UAEUAE

Website

1inch.com

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$2.3B (Dec 2021)

1inch Valuation

1inch is currently valued at $2.3B, based on its Series B in December 2021. Read the announcement ↗

The $175M round was led by Amber Group, with participation from Gate Ventures.

1inch valuation by funding round

1inch valuation by funding round
DateStageValuation
Dec 2021Series B$2.3B

1inch Funding History

1inch has raised a total of $190M across 3 funding rounds.

1inch's first fundraising round was a $3M seed round in August 2020. The most recent completed round was a $175M Series B in December 2021.

1inch funding rounds

1inch funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series BAmber Group (lead); Gate Ventures$175M$2.3B-
Dec 2020Series APantera Capital (lead)$12M-1inch is a decentralized, non-custodial cryptocurrency exchange aggregator that optimizes token swaps across DEXs for the best prices and liquidity. In December 2020, it closed a $12 million funding round led by Pantera Capital, with participation from ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, gumi Cryptos, Fabric Ventures, Struck Capital, Rockaway Blockchain Fund, Spartan Group, Blockchain Capital, and angels Josh Hannah, Kain Warwick, and Alexander Pack. The funds supported further product development, including version 2 of the protocol and upcoming products, team expansion, market entry, and marketing in the DeFi space. Previously, in August 2020, 1inch raised $2.8 million in a seed round led by Binance Labs with Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, and others.
Aug 2020SeedGalaxy Digital (lead); YZi Labs (lead); Dragonfly Capital; Divergence Ventures; Amir Bershad; Illia Polosukhin; Mr. Block; Greenfield; Libertus Capital; LAUNCHub Ventures; FTX; IOSG Ventures; Loi Luu$3M-1inch, a decentralized exchange (DEX) aggregator protocol, raised $2.8 million in a seed round in August 2020 led by Binance Labs (now YZi Labs), with participation from Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX Ventures, IOSG Ventures, LAUNCHub Ventures, and angels including Amir Bershad, Illia Polosukhin, and Loi Luu. The funds supported development of the initial DEX aggregation protocol and expansion of blockchain integrations. This preceded a $12 million Series A in December 2020 led by Pantera Capital.

Who has invested in 1inch?

16 investors have backed 1inch across its funding rounds, including Pantera Capital, YZi Labs, Galaxy Digital, LAUNCHub Ventures, IOSG Ventures and Amber Group.

Lead investors include Amber Group, Pantera Capital, Galaxy Digital and YZi Labs.


1inch Investors

Investors in 1inch by funding rounds participated
InvestorHQRoundsRoleFirst check
Galaxy DigitalUnited StatesNew York City, NY1LeadAug 2020
Dragonfly CapitalUnited StatesCharlotte, NC1ParticipantAug 2020
Pantera CapitalUnited StatesSan Francisco, CA1LeadDec 2020
Divergence VenturesUnited StatesSan Francisco, CA1ParticipantAug 2020
Amir BershadCayman IslandsCayman Islands1ParticipantAug 2020
Gate VenturesSingaporeSingapore1ParticipantDec 2021
Amber GroupHong KongHong Kong1LeadDec 2021
Illia PolosukhinUnited StatesSan Francisco, CA1ParticipantAug 2020
YZi LabsMaltaBirkirkara1LeadAug 2020
Mr. BlockTaiwanTaipei1ParticipantAug 2020
GreenfieldGermanyBerlin1ParticipantAug 2020
Libertus CapitalUnited KingdomLondon1ParticipantAug 2020
LAUNCHub VenturesBulgariaSofia1ParticipantAug 2020

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Acquisitions by 1inch

1inch has acquired 1 company to date.

Last acquisition by 1inch was on January 1st 2023. 1inch acquired Quantor for undisclosed valuation.


Latest Acquisitions by 1inch

Quantor
Description
-
HQ Country-
HQ City
-
Deal Date1 Jan 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by 1inch

1inch has invested in 1 company to date.

Latest investment by 1inch was on May 1st 2024. 1inch invested in Lympid in their $1M Seed round.


Latest Investments by 1inch

Lympid
Description
Lympid is a mobile app providing European users direct access to DeFi protocols like Aave, Compound, and Yearn Finance using EUR stablecoins. Paris-headquartered, it aggregates crypto indexes, lending, and yield farming in a single interface compliant with EU regulations. The platform supports on-ramps via SEPA transfers and wallets like MetaMask, serving retail investors across the Eurozone. Lympid launched in 2022, emphasizing user-friendly blockchain interactions without intermediaries.
HQ CountryLithuania
HQ City
Vilnius
Deal Date1 May 2024
RoundSeed
Raised$1M
InvestorsClever Advertising; Oasis Metaverse Ventures; NewTribe Capital; LVT Capital; Olisipo Way; Luso Digital Assets; GBV Capital; Extream Ventures; Hercules Ventures
Valuationundisclosed
EV/Revenue
EV/EBITDA

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1inch Competitors

1inch competitors include listed companies like Sharplink and Securitize, and private ones like Story Protocol, Bitso, CoinDCX and Mercado Bitcoin.

Public and private companies comparable to 1inch
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Story ProtocolUnited StatesSeattle, WAPrivate--$2.3B-
BitsoMexicoMexico CityPrivate--$2.2B-
CoinDCXIndiaMumbaiPrivate$141M-$2.1B15.2x
Mercado BitcoinBrazilSão PauloPrivate--$2.1B-
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

1inch Public Comps

1inch is still privately-owned, but its public comps include Sharplink, Securitize, Hyperliquid Strategies, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards and Galaxy Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Hyperliquid Strategies$9M-308.0x162.2x--
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-

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Common questions about 1inch

When was 1inch founded?1inch was founded in 2020.
Where is 1inch headquartered?1inch is headquartered in UAE.
Is 1inch publicly listed?No, 1inch is a private, VC-backed company.
What is 1inch's valuation?1inch was last valued at $2.3B in its Series B in December 2021.
How much funding has 1inch raised?1inch has raised $190M across 3 funding rounds.
What was 1inch's last funding round?1inch's last funding round was a $175M Series B in December 2021, led by Amber Group.
Who are 1inch's investors?1inch's investors include Galaxy Digital, Dragonfly Capital, Pantera Capital, Divergence Ventures, Amir Bershad, Gate Ventures, Amber Group, Illia Polosukhin, YZi Labs, Mr. Block and 6 others.
Which companies are comparable to 1inch?Companies comparable to 1inch include Story Protocol, Bitso, CoinDCX, Mercado Bitcoin, Sharplink and Securitize.
How many companies has 1inch acquired?1inch has acquired 1 company, including Quantor.
How many companies has 1inch invested in?1inch has invested in 1 company, including Lympid.
What was 1inch's last investment?In May 2024, 1inch invested in Lympid's $1M seed round alongside Clever Advertising, Oasis Metaverse Ventures, NewTribe Capital and 6 other investors.

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