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- Block.one
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
Fundamental Labs
Samara Asset Group
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
Website
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
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jun 2021 | Undisclosed stage | Samara Asset Group (lead) | $49M |
| May 2018 | ICO | Fundamental 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Block.one 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 TrialInvestments 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
| 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 Country | |||||
| HQ City | San Francisco, CA | Mumbai | Singapore | Mumbai | |
| Deal Date | 2 Nov 2021 | 10 Aug 2021 | 1 Feb 2021 | 22 Dec 2020 | |
| Round | Series A | Series C | Seed | Series B | |
| Raised | $18M | $90M | $8M | $14M | |
| Investors | Mike Vorhaus; Animoca Brands; Michael Ronen; Global Founders Capital; CRIT Ventures; Michael Terpin; Alumni Ventures; One Team Partners; FinLab EOS VC | Anthony Bucci; Coinbase Ventures; Polychain; B Capital | Collective Capital; Peer Venture Partners; Chimera Wealth; Samara Asset Group | DG VENTURES; Coinbase Ventures; Uncorrelated Ventures; Polychain; Alexander Pack; Mehta Ventures | |
| Valuation | $300M | $1.1B | $30M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Block.one investments and their VC round multiples. Start Free Trial | |||||
Block.one Competitors
Block.one competitors include listed companies like Datadog and MongoDB, and private ones like Alchemy, Celestia, Blockdaemon and Fireblocks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $10B | - | ||
| Private | - | - | $3.5B | - | ||
| Private | $75M | - | $3.3B | 43.3x | ||
| Publicly listed | $3.4B | ($588K) | $85B | 19.4x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x | ||
| Private | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
This data is available for Pro users. Sign up to see all Block.one competitors and their valuation data. Start Free Trial | ||||||||
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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