Block.one Funding, Investors & Competitors

Block.one has raised $4.1B across 2 funding rounds, most recently a $49M undisclosed-stage round in June 2021.

Last Block.one funding round

$49M

Undisclosed stage · Jun 2021

Cumulative funding Block.one raised

$4.1B

across 2 funding rounds

Key investors in Block.one

Block.one Overview

About Block.one

Block.one is a Cayman Islands-headquartered developer of EOSIO open-source blockchain software known for scalability and flexibility. It powers decentralized applications in finance, gaming, and supply chain worldwide. Established in 2017 with offices in the U.S. and Asia Pacific, Block.one employs engineers building secure infrastructures for enterprises like Google Cloud integrations.


Founded

2016

HQ

Cayman IslandsGeorge Town

Website

b1.com

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Block.one Funding History

Block.one has raised a total of $4.1B across 2 funding rounds.

Block.one's first fundraising round was a $4.1B ico round in May 2018. The most recent completed round was a $49M undisclosed-stage round in June 2021.

Block.one funding rounds

Block.one funding rounds
DateStageInvestorsRaised
Jun 2021Undisclosed stageSamara Asset Group (lead)$49M
May 2018ICOFundamental Labs$4.1B

Who has invested in Block.one?

2 investors have backed Block.one across its funding rounds, including Fundamental Labs and Samara Asset Group.

Lead investors include Samara Asset Group.


Block.one Investors

Investors in Block.one by funding rounds participated
InvestorHQRoundsRoleFirst check

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Investments by Block.one

Block.one has invested in 9 companies to date.

Latest investment by Block.one was on November 2nd 2021. Block.one invested in Upland in their $18M Series A round.


Latest Investments by Block.one

Upland
CoinDCX
Chintai
CoinDCX
Description
Upland is a layer 1 gaming platform mapping virtual properties to real-world locations for immersive metaverse experiences. Players, creators, developers, and brands including FIFA and NFL Players Association engage in game loops, earn SPARKLET utility tokens, and participate in a digital economy on the EOS blockchain. SPARKLET functions as an ERC-20 token bridgeable to EOS. Third-party Web2 and Web3 applications integrate with Upland's infrastructure, user base, and economy. Launched in 2019, the San Francisco-based platform fosters community socialization and entrepreneurial activities.
CoinDCX is a cryptocurrency exchange offering trading in over 200 digital assets with deep liquidity, advanced wallets, and multi-layer security protocols. Mumbai-headquartered since 2018, it provides products like spot trading, futures, margin trading, and staking for retail and institutional users across India. The platform processes billions in monthly volume, integrating with UPI for fiat on-ramps. CoinDCX holds regulatory approvals from FIU-India and partners with Ledger for hardware wallet support.
Chintai is a London-headquartered B2B SaaS platform utilizing EOSIO blockchain technology for regulated digital asset management, encompassing issuance, secondary markets, custody services, and cap table tracking for asset managers, challenger banks, and small to medium enterprises.
CoinDCX is a cryptocurrency exchange offering trading in over 200 digital assets with deep liquidity, advanced wallets, and multi-layer security protocols. Mumbai-headquartered since 2018, it provides products like spot trading, futures, margin trading, and staking for retail and institutional users across India. The platform processes billions in monthly volume, integrating with UPI for fiat on-ramps. CoinDCX holds regulatory approvals from FIU-India and partners with Ledger for hardware wallet support.
HQ CountryUnited StatesIndiaSingaporeIndia
HQ City
San Francisco, CA
Mumbai
Singapore
Mumbai
Deal Date2 Nov 202110 Aug 20211 Feb 202122 Dec 2020
RoundSeries ASeries CSeedSeries B
Raised$18M$90M$8M$14M
InvestorsMike Vorhaus; Animoca Brands; Michael Ronen; Global Founders Capital; CRIT Ventures; Michael Terpin; Alumni Ventures; One Team Partners; FinLab EOS VCAnthony Bucci; Coinbase Ventures; Polychain; B CapitalCollective Capital; Peer Venture Partners; Chimera Wealth; Samara Asset GroupDG VENTURES; Coinbase Ventures; Uncorrelated Ventures; Polychain; Alexander Pack; Mehta Ventures
Valuation$300M$1.1B$30Mundisclosed
EV/Revenue
EV/EBITDA

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Block.one Competitors

Block.one competitors include listed companies like Datadog and MongoDB, and private ones like Alchemy, Celestia, Blockdaemon and Fireblocks.

Public and private companies comparable to Block.one
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AlchemyUnited StatesSan Francisco, CAPrivate--$10B-
CelestiaLiechtensteinVaduzPrivate--$3.5B-
BlockdaemonUnited StatesLos Angeles, CAPrivate$75M-$3.3B43.3x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$32B10.4x
FireblocksUnited StatesNew York City, NYPrivate$100M-$8B-

Block.one Public Comps

Block.one is still privately-owned, but its public comps include Oracle, Palantir, Snowflake, Cloudflare, Datadog, Strategy, Atlassian, Block, Coinbase and MongoDB.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Oracle$67B$33B8.6x7.8x17.7x13.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Atlassian$6.6B$142M7.4x7.2x342.1x23.7x
Block$24B$2.2B1.7x1.6x18.6x9.4x

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Common questions about Block.one

When was Block.one founded?Block.one was founded in 2016.
Where is Block.one headquartered?Block.one is headquartered in George Town, Cayman Islands.
Is Block.one publicly listed?No, Block.one is a private, VC-backed company.
How much funding has Block.one raised?Block.one has raised $4.1B across 2 funding rounds.
What was Block.one's last funding round?Block.one's last funding round was a $49M undisclosed-stage round in June 2021, led by Samara Asset Group.
Who are Block.one's investors?Block.one's investors include Samara Asset Group and Fundamental Labs.
Which companies are comparable to Block.one?Companies comparable to Block.one include Alchemy, Celestia, Blockdaemon, Datadog, MongoDB and Fireblocks.
How many companies has Block.one invested in?Block.one has invested in 9 companies, including Upland, CoinDCX, Chintai, Skystone Games, Voice, Clause, Next Big Thing and High Fidelity.
What was Block.one's last investment?In November 2021, Block.one invested in Upland's $18M Series A alongside Mike Vorhaus, Animoca Brands, Michael Ronen and 6 other investors.

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