Bithumb Funding, Investors & Competitors
Bithumb has raised $219M across 3 funding rounds, most recently a $15M Series A in July 2019.
Last Bithumb funding round
$15M
Series A · Jul 2019
Cumulative funding Bithumb raised
$219M
across 3 funding rounds
Key investors in Bithumb
Shinhan Venture Investment
Klover Capital
T Scientific
Vidente Co
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ST Blockchain Fund
About Bithumb
Bithumb is a South Korea-based cryptocurrency exchange specializing in high-volume trading of Bitcoin, Ethereum, and altcoins. Operated by BTC Korea since 2014, the Seoul platform handles billions in daily volume and offers OTC desks for institutional trades. Bithumb maintains robust security post-2018 hack recovery and supports won-to-crypto conversions.
Founded
2014
HQ
SeoulWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Bithumb Funding History
Bithumb has raised a total of $219M across 3 funding rounds.
Bithumb's first fundraising round was a $4M seed round in February 2017. The most recent completed round was a $15M Series A in July 2019.
Bithumb funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2019 | Series A | Klover Capital (lead) | $15M | - |
| Apr 2019 | Series A | ST Blockchain Fund (lead) | $200M | Bithumb, a major South Korean cryptocurrency exchange founded in 2013, secured $200 million in a Series A funding round on April 15, 2019, from ST Blockchain Fund, a Japan-based blockchain investment fund with contributions from US and European investors. This funding came after a challenging 2018 marked by substantial losses totaling $180 million, multiple hacks including a $13 million incident in March attributed to an inside job and an earlier $17 million breach, and broader crypto market downturns. The investment signals confidence in Bithumb's potential for growth amid the bear market, providing resources to stabilize and expand operations. Bithumb is known for high liquidity, averaging over a billion dollars in daily trade volume, listing 52 cryptocurrencies, low fees, and services like Bithumb Cafe and a crypto deals section, though fiat withdrawals are limited to Korean Won. The exchange had previously faced issues such as suspending new account openings due to banking problems and a $40 million hack in June 2018, yet quickly recovered to billion-dollar daily volumes. Earlier in Q2 2018, shareholders reported $35 million in profits despite the hack. Separate from the 2019 round, Bithumb's parent BTCKorea sold a 38% stake for $350 million (400 billion won) in October 2018 to Singapore's BK Group, implying a public valuation of $880 million or 1 trillion won post-deal. |
| Feb 2017 | Seed | T Scientific; Vidente Co; Shinhan Venture Investment | $4M | Bithumb is South Korea's largest cryptocurrency-to-fiat exchange, established in 2014. The platform charges transaction fees of 0.15 percent, significantly higher than traditional brokerages. In 2017, Bithumb achieved explosive growth, recording revenue of $330 million—a 171-fold increase compared to 2016. The company also reported net income of $420 million that year, with approximately $90 million attributed to non-operating income from activities such as office rental, interest income, and investment gains. By the end of 2017, Bithumb held $6 billion in various cryptocurrencies on its balance sheet. The exchange's rapid expansion during the 2017 bitcoin bull market was reflected in its workforce growth, which surged from 20 employees in early 2017 to 450 by year-end, alongside a relocation to an 11-story building in southern Seoul. |
Who has invested in Bithumb?
5 investors have backed Bithumb across its funding rounds, including Shinhan Venture Investment, Klover Capital, T Scientific, Vidente Co and ST Blockchain Fund.
Lead investors include Klover Capital and ST Blockchain Fund.
Bithumb Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Hong Kong | 1 | Lead | Jul 2019 | |
| Seoul | 1 | Participant | Feb 2017 | |
| ST Blockchain Fund |  Tokyo | 1 | Lead | Apr 2019 |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Bithumb
Bithumb has acquired 1 company to date.
Last acquisition by Bithumb was on January 6th 2025. Bithumb acquired Bithumb Partners for undisclosed valuation.
Latest Acquisitions by Bithumb
| Description | Bithumb Partners is a metaverse development platform by Bithumb, powering NFT marketplaces and virtual worlds. The service provides tools for creators to build and monetize digital assets on blockchain. Integrated with Bithumb's exchange since 2021, it supports Ethereum and proprietary chains for immersive experiences. |
| HQ Country | |
| HQ City | Seoul |
| Deal Date | 6 Jan 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Bithumb acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Bithumb
Bithumb has invested in 3 companies to date.
Latest investment by Bithumb was on November 25th 2024. Bithumb invested in Meissa in their $7M Series C round.
Latest Investments by Bithumb
| Description | Meissa is a construction technology startup headquartered in Tel Aviv, Israel, providing drone-powered real-time 3D mapping and modeling services. The platform captures site data for progress tracking, volume measurements, and BIM integration on infrastructure, commercial, and residential projects. Meissa serves contractors and engineers in Europe, Middle East, and North America with automated drone flights and cloud-based analytics. | Chorokbaem Media Co Ltd operates in the media industry in South Korea. The company is engaged in broadcasting programme production. | Bucket Studio Co Ltd operates in the media industry in South Korea. The company operates its business in two divisions including Digital AD center and Content distribution. Digital AD center division is engaged in sending various kinds of advertising messages to mobile phones. Content distribution division is engaged in content production and distribution business. Its content distribution team is engaged in the on-line and off-line distribution business of content rights such as domestic and foreign films, dramas, and animations. |
| HQ Country | | | |
| HQ City | Seoul | Seoul | Seoul |
| Deal Date | 25 Nov 2024 | 10 Nov 2021 | 29 May 2021 |
| Round | Series C | Undisclosed stage | Seed |
| Raised | $7M | $68M | $36M |
| Investors | KDB Capital; G.N. Tech Venture; Korea Development Bank; Aventures; IBK Capital; Korea Aerospace Industries; UON Investment | Lotte Homeshopping; YG Plus; Bucket Studio; Ocean In W Co; Vidente Co; Wemade | Vidente Co |
| Valuation | undisclosed | $302M | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Bithumb Competitors
Bithumb competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 San Francisco, CA | Private | $1.2B | - | $50B | - | |
| United States | Publicly listed | $24B | $2.2B | $46B | 1.6x | |
| United States | Publicly listed | $7.2B | $1.8B | $46B | 7.6x | |
 Victoria | Private | $1.9B | - | $25B | 13.2x | |
| United States | Publicly listed | $2.7B | ($73M) | $22B | 6.8x | |
| San Francisco, CA | Private | $2.2B | $531M | $21B | 9.5x |
Bithumb Public Comps
Bithumb is still privately-owned, but its public comps include Strategy, Block, Coinbase, Circle, BitMine, Bullish, Galaxy Digital, Hyperliquid Strategies, Sharplink and Securitize.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $7.2B | $1.8B | 6.1x | 7.6x | 24.2x | 27.2x | |||
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
| $6M | ($364M) | 2308.9x | 97.4x | (38.6x) | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
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Common questions about Bithumb
| When was Bithumb founded? | Bithumb was founded in 2014. |
| Where is Bithumb headquartered? | Bithumb is headquartered in Seoul, South Korea. |
| Is Bithumb publicly listed? | No, Bithumb is a private, VC-backed company. |
| How much funding has Bithumb raised? | Bithumb has raised $219M across 3 funding rounds. |
| What was Bithumb's last funding round? | Bithumb's last funding round was a $15M Series A in July 2019, led by Klover Capital. |
| Who are Bithumb's investors? | Bithumb's investors include Klover Capital, T Scientific, ST Blockchain Fund, Vidente Co and Shinhan Venture Investment. |
| Which companies are comparable to Bithumb? | Companies comparable to Bithumb include Ripple, Block, Coinbase, OKX, Circle and Kraken. |
| How many companies has Bithumb acquired? | Bithumb has acquired 1 company, including Bithumb Partners. |
| How many companies has Bithumb invested in? | Bithumb has invested in 3 companies, including Meissa, Chorokbaem Media and Bucket Studio. |
| What was Bithumb's last investment? | In November 2024, Bithumb invested in Meissa's $7M Series C alongside KDB Capital, G.N. Tech Venture, Korea Development Bank and 4 other investors. |
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