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- Atomic Loans
Atomic Loans Valuation, Funding & Investors
Atomic Loans is valued at $900M as of April 2020.
Last Atomic Loans valuation
$900M
Seed · Apr 2020
Last Atomic Loans funding round
$3M
Seed · Apr 2020
Cumulative funding Atomic Loans raised
$3M
across 2 funding rounds
Key investors in Atomic Loans
ConsenSys
Initialized Capital
Morgan Creek Digital
Regan Bozman
Aaron Henshaw
Joseph Lallouz
About Atomic Loans
Atomic Loans is a decentralized protocol for Bitcoin and cryptocurrency-backed loans using atomic swap technology. It facilitates trustless, cross-chain debt agreements on Bitcoin and Ethereum blockchains, eliminating centralized custodians to protect user funds from theft or seizure. Users set loan terms directly through smart contracts.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$900M (Apr 2020)
Atomic Loans Valuation
Atomic Loans is currently valued at $900M, based on its seed round in April 2020.
The $3M round was led by Initialized Capital, with participation from Morgan Creek Digital, Aaron Henshaw, Mike Cohen, Russell Verbeeten, Regan Bozman and 2 other investors.
Atomic Loans valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2020 | Seed | $900M |
Atomic Loans Funding History
Atomic Loans has raised a total of $3M across 2 funding rounds.
Atomic Loans' first fundraising round was a $200K pre-seed round in June 2019. The most recent completed round was a $3M seed round in April 2020.
Atomic Loans funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2020 | Seed | Initialized Capital (lead); Morgan Creek Digital; Aaron Henshaw; Mike Cohen; Russell Verbeeten; Regan Bozman; ConsenSys; Joseph Lallouz | $3M | $900M | Atomic Loans raised $3.4 million in a seed funding round on April 15, 2020, led by Initialized Capital at a $900 million post-money valuation. Other investors included ConsenSys, Morgan Creek Digital, Aaron Henshaw, Joseph Lallouz, and individuals such as Mike Cohen, Regan Bozman, and Russell Verbeeten. The funds were allocated to research and development to expand decentralized finance adoption on Bitcoin through strategic partnerships. Based in Toronto, Atomic Loans operates a platform enabling a two-sided marketplace for Bitcoin-backed lending. This allows users to leverage their Bitcoin holdings for trading or expenses without incurring tax liabilities or losing exposure to Bitcoin price fluctuations. The company focuses on bringing decentralized finance applications to the Bitcoin ecosystem using blockchain technology. Some sources report the round size variably as $2.45 million or $2.5 million, but Osler confirms $3.4 million. |
| Jun 2019 | Pre-seed | ConsenSys (lead) | $200K | - | - |
Who has invested in Atomic Loans?
8 investors have backed Atomic Loans across its funding rounds, including ConsenSys, Initialized Capital, Morgan Creek Digital, Regan Bozman, Aaron Henshaw and Joseph Lallouz.
Lead investors include Initialized Capital and ConsenSys.
Atomic Loans Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2019 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Lead | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 8 Atomic Loans investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAtomic Loans Competitors
Atomic Loans competitors include listed companies like HashKey Holdings and Yixin Group, and private ones like Madhive, Turtlemint, Npixel and Mintifi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $125M | - | $900M | 7.2x | ||
| Private | $72M | - | $900M | 12.5x | ||
| Publicly listed | $92M | ($109M) | $884M | - | ||
| Publicly listed | $1.7B | $287M | $934M | 2.7x | ||
| Private | - | - | $861M | - | ||
| Private | $34M | $10M | $850M | 19.8x |
Atomic Loans Public Comps
Atomic Loans is still privately-owned, but its public comps include HashKey Holdings, Yixin Group, Qfin Holdings, FinVolution Group, BitGo Holdings, Katapult, Upbound, Green Dot, Propel Holdings and Funding Circle.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $1.7B | $287M | 2.9x | 2.7x | 17.4x | 16.2x | |||
| $2.4B | - | 0.8x | 0.8x | - | - | |||
| $2B | $476M | 0.0x | 0.1x | 0.2x | 0.3x | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $292M | $215M | 3.0x | 2.7x | 4.0x | 58.2x | |||
| $4.7B | $1.7B | 0.6x | 0.6x | 1.5x | 5.2x | |||
| $2.1B | ($12M) | 0.4x | 0.3x | (63.9x) | 4.2x | |||
This data is available for Pro users. Sign up to see all Atomic Loans competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Atomic Loans
| When was Atomic Loans founded? | Atomic Loans was founded in 2019. |
| Where is Atomic Loans headquartered? | Atomic Loans is headquartered in Toronto, Canada. |
| Is Atomic Loans publicly listed? | No, Atomic Loans is a private, VC-backed company. |
| What is Atomic Loans' valuation? | Atomic Loans was last valued at $900M in its seed round in April 2020. |
| How much funding has Atomic Loans raised? | Atomic Loans has raised $3M across 2 funding rounds. |
| What was Atomic Loans' last funding round? | Atomic Loans' last funding round was a $3M seed round in April 2020, led by Initialized Capital. |
| Who are Atomic Loans' investors? | Atomic Loans' investors include ConsenSys, Morgan Creek Digital, Aaron Henshaw, Mike Cohen, Russell Verbeeten, Initialized Capital, Regan Bozman and Joseph Lallouz. |
| Which companies are comparable to Atomic Loans? | Companies comparable to Atomic Loans include Madhive, Turtlemint, HashKey Holdings, Yixin Group, Npixel and Mintifi. |
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