Last 5ire valuation
$1.5B
Series A · Jul 2022
Last 5ire funding round
$100M
Series A · Jul 2022
Cumulative funding 5ire raised
$121M
across 2 funding rounds
Key investors in 5ire
Newchip Accelerator
Coinvestor Ventures
TPC Ventures
Launchpool
SRAM & MRAM
About 5ire
5ire is a London-headquartered layer-1 blockchain network designed for the fifth industrial revolution. 5ireChain integrates sustainability metrics aligned with UN SDGs, powering dApps in carbon credit trading and green supply chains. Mainnet launched in 2023, it processes 10,000 TPS with validators in India and Europe.
Founded
2021
HQ
IndiaWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$1.5B (Jul 2022)
5ire Valuation
5ire is currently valued at $1.5B, based on its Series A in July 2022.
The $100M round was led by SRAM & MRAM, with participation from Newchip Accelerator, TPC Ventures and Coinvestor Ventures.
5ire's valuation has grown 14x from $110M at its seed round in October 2021 to $1.5B in July 2022, across 2 priced rounds.
5ire valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2022 | Series A | $1.5B |
| Oct 2021 | Seed | $110M |
5ire Funding History
5ire has raised a total of $121M across 2 funding rounds.
5ire's first fundraising round was a $21M seed round in October 2021. The most recent completed round was a $100M Series A in July 2022.
5ire funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Series A | SRAM & MRAM (lead); Newchip Accelerator; TPC Ventures; Coinvestor Ventures | $100M | $1.5B | 5ire is a fifth-generation Layer 1 blockchain platform focused on sustainability, founded in August 2021 by Indian-origin entrepreneurs Pratik Gauri, Prateek Dwivedi, and Web3 financier Vilma Mattila. The company aims to embed sustainability into blockchain, shifting from a 'for-profit' to 'for-benefit' model aligned with the 17 UN Sustainable Development Goals, targeting enterprise adoption through pilots like employee records on blockchain. On July 14, 2022, 5ire raised $100 million in a Series A funding round led by UK-based conglomerate SRAM & MRAM, achieving a post-money valuation of $1.5 billion and becoming India's 105th unicorn and the world's first sustainable blockchain unicorn in just 11 months. This round followed a $21 million seed raise at a $110 million valuation from investors including Alphabit, Marshland Capital, Launchpool Labs, and Moonrock Capital. A separate $100 million capital commitment was secured in February 2022 from Global Emerging Markets for potential IPO drawdown. The funds will support business expansion into Asia, North America, and Europe with India as the operational hub, team growth from over 100 employees, technology development, and hiring in product, engineering, and marketing. The investment leverages SRAM & MRAM's connections for industry and government relationships to scale adoption. 5ire positions itself as a sustainable alternative in the blockchain space, primarily serving businesses with its decentralized technology for global benefit. |
| Oct 2021 | Seed | Launchpool (lead) | $21M | $110M | 5ire is a sustainable layer-1 blockchain network founded in August 2021 by Indian-origin entrepreneurs Pratik Gauri, Prateek Dwivedi, and Vilma Mattila, focusing on embedding UN Sustainability Development Goals and ESG parameters via its 'proof of benefit' consensus mechanism to balance security, scalability, and decentralization. In its seed round around late October 2021, 5ire raised $21 million from investors including Launchpool Labs, Alphabit, Marshland Capital, and Moonrock Capital at a post-money valuation of $110 million. The funds were primarily deployed for talent acquisition, technology development, patent filings, sales, and marketing, with 49% of the raise remaining unspent at the time of the subsequent round. The company was pre-revenue as of its Series A in 2022, expecting to begin generating revenue from November 2021 and targeting a billion-dollar revenue mark within three years. 5ire followed the seed with a $100 million Series A round from SRAM & MRAM Group at a $1.5 billion valuation in early 2022, becoming India's 105th unicorn, and had a prior $100 million commitment from GEM Global Yield for a potential public listing. The startup planned expansion into Asia, North America, and Europe with India as its operations hub, growing its team to around 150 employees. |
Who has invested in 5ire?
5 investors have backed 5ire across its funding rounds, including Newchip Accelerator, Coinvestor Ventures, TPC Ventures, Launchpool and SRAM & MRAM.
Lead investors include SRAM & MRAM and Launchpool.
5ire Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Austin, TX | 1 | Participant | Jul 2022 | |
 San Salvador | 1 | Participant | Jul 2022 | |
| Boston, MA | 1 | Participant | Jul 2022 | |
This data is available for Pro users. Sign up to see all 5 5ire investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by 5ire
5ire has acquired 1 company to date.
Last acquisition by 5ire was on September 13th 2022. 5ire acquired Network Capital for undisclosed valuation.
Latest Acquisitions by 5ire
| Description | Network Capital is a Mumbai-based online platform for career development and skill-building courses. It hosts live cohorts on topics like product management, growth marketing, and leadership, drawing from industry experts. Participants from over 100 cities in India engage in peer networks and job placement support. Established in 2017, the platform has trained thousands of professionals through its TV-style video series and community forums. |
| HQ Country |  |
| HQ City | London |
| Deal Date | 13 Sep 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 5ire acquisitions and their M&A valuation multiples. Start Free Trial | |
5ire Competitors
5ire competitors include listed companies like Securitize and Sharplink, and private ones like Berachain, Boba Network, CoinList and Gala Games.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Toronto | Private | - | - | $1.5B | - | |
| San Francisco, CA | Private | - | - | $1.5B | - | |
| San Francisco, CA | Private | - | - | $1.5B | - | |
| Salt Lake City, UT | Private | - | - | $1.5B | - | |
| United States | Publicly listed | $62M | ($34M) | $1.5B | 22.2x | |
| United States | Publicly listed | $28M | ($734M) | $1.8B | 39.9x |
5ire Public Comps
5ire is still privately-owned, but its public comps include Securitize, Sharplink, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards, Coincheck Group and Hyperliquid Strategies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $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 5ire competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 5ire
| When was 5ire founded? | 5ire was founded in 2021. |
| Where is 5ire headquartered? | 5ire is headquartered in India. |
| Is 5ire publicly listed? | No, 5ire is a private, VC-backed company. |
| What is 5ire's valuation? | 5ire was last valued at $1.5B in its Series A in July 2022. |
| How much funding has 5ire raised? | 5ire has raised $121M across 2 funding rounds. |
| What was 5ire's last funding round? | 5ire's last funding round was a $100M Series A in July 2022, led by SRAM & MRAM. |
| Who are 5ire's investors? | 5ire's investors include Newchip Accelerator, TPC Ventures, Coinvestor Ventures, SRAM & MRAM and Launchpool. |
| Which companies are comparable to 5ire? | Companies comparable to 5ire include Berachain, Boba Network, CoinList, Gala Games, Securitize and Sharplink. |
| How many companies has 5ire acquired? | 5ire has acquired 1 company, including Network Capital. |
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