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1inch Valuation, Funding & Investors
1inch is valued at $2.3B as of December 2021.
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | Amber Group (lead); Gate Ventures | $175M | $2.3B | - |
| Dec 2020 | Series A | Pantera 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 2020 | Seed | Galaxy 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Lead | Dec 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Lead | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
This data is available for Pro users. Sign up to see all 16 1inch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| Description | - |
| HQ Country | - |
| HQ City | - |
| Deal Date | 1 Jan 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 1inch acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | |
| HQ City | Vilnius |
| Deal Date | 1 May 2024 |
| Round | Seed |
| Raised | $1M |
| Investors | Clever Advertising; Oasis Metaverse Ventures; NewTribe Capital; LVT Capital; Olisipo Way; Luso Digital Assets; GBV Capital; Extream Ventures; Hercules Ventures |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 1inch investments and their VC round multiples. Start Free Trial | |
1inch Competitors
1inch competitors include listed companies like Sharplink and Securitize, and private ones like Story Protocol, Bitso, CoinDCX and Mercado Bitcoin.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.3B | - | ||
| Private | - | - | $2.2B | - | ||
| Private | $141M | - | $2.1B | 15.2x | ||
| Private | - | - | $2.1B | - | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
This data is available for Pro users. Sign up to see all 1inch competitors and their valuation data. Start Free Trial | ||||||||
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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