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- Boba Network
Boba Network Valuation, Funding & Investors
Boba Network is valued at $1.5B as of April 2022.
Last Boba Network valuation
$1.5B
Series A · Apr 2022
Last Boba Network funding round
$70M
Undisclosed stage · Jul 2025
Cumulative funding Boba Network raised
$115M
across 2 funding rounds
Key investors in Boba Network
LDA Capital
DeFi Technologies
Awaken Foundation
About Boba Network
Boba Network is a layer-2 scaling solution for Ethereum built as an optimistic rollup with EVM compatibility. Launched in 2021, it enables developers to integrate off-chain computations and external data into smart contracts for DeFi, gaming, and NFT applications. Headquartered in Singapore, the platform features a multi-token on-ramp, rapid withdrawals, and an NFT bridge, positioning it as a user-friendly blockchain for seamless Web3 interactions across multiple chains.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Valuation
$1.5B (Apr 2022)
Boba Network Valuation
Boba Network is currently valued at $1.5B, based on its Series A in April 2022.
The $45M round was led by DeFi Technologies.
Boba Network valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series A | $1.5B |
Boba Network Funding History
Boba Network has raised a total of $115M across 2 funding rounds.
Boba Network's first fundraising round was a $45M Series A in April 2022. The most recent completed round was a $70M undisclosed-stage round in July 2025.
Boba Network funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | Awaken Foundation (lead); LDA Capital (lead) | $70M | - | Boba Network is a Layer-2 blockchain solution designed to power decentralized applications with advanced AI capabilities, utilizing its proprietary HybridCompute technology that integrates smart contracts with off-chain AI computation. The platform positions itself as a premier Layer-2 infrastructure for AI-powered decentralized applications. On July 1, 2025, the Boba Governance Foundation announced a $70 million capital commitment from Awaken Foundation and LDA Capital to support the continued development and ecosystem expansion of Boba Network. The funding is earmarked for enhancing core infrastructure, expanding the developer ecosystem through grants, and supporting the creation of AI-powered decentralized applications on the platform. Concurrently, the Foundation concluded an agreement with the FTX Recovery Trust regarding BOBA tokens held by the Trust, with the Trust obtaining the right to purchase up to approximately 29.4 million BOBA tokens at $0.09 per token over the next 18 months. Awaken Foundation, founded by seasoned cryptocurrency, venture capital, and public market investors, and LDA Capital, known for backing high-growth tech ventures and digital assets, bring strategic capital, business development capabilities, and institutional-grade liquidity support through LDA Velocity. The capital commitment provides a multi-year financial runway for Boba to execute its roadmap and compete against larger Layer-2 solutions in the blockchain market. |
| Apr 2022 | Series A | DeFi Technologies (lead) | $45M | $1.5B | Boba Network is an Ethereum layer-2 scaling solution utilizing optimistic rollups and Hybrid Compute to address computational limitations, enabling faster, cheaper, and more flexible decentralized applications. It launched its mainnet in September 2021 prior to the fundraise. On April 5, 2022, Boba Network raised $45 million in a Series A round valuing the DAO at $1.5 billion post-money. Investors included crypto exchanges Crypto.com, Huobi, and BitMart, plus over a dozen funds and notable individuals like Will Smith, Paris Hilton, and Joe Montana. The funds aimed to expand engineering, foster dApp functionality, and scale Web3 infrastructure. Its token market cap fluctuated, peaking at $626 million in late 2022 before dropping. The project competed in the crowded optimistic rollup space with peers like Optimism and Arbitrum, both unicorn-valued by VCs. A subsequent strategic round in 2022 raised $70 million at approximately $2 billion valuation, led by Huobi, Binance Labs, Coinbase Ventures, and Crypto.com Capital, bringing total funding to $115 million. This supported ecosystem growth and cross-chain expansions. |
Who has invested in Boba Network?
3 investors have backed Boba Network across its funding rounds, including LDA Capital, DeFi Technologies and Awaken Foundation.
Lead investors include Awaken Foundation, LDA Capital and DeFi Technologies.
Boba Network Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jul 2025 | ||
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Start Free TrialBoba Network Competitors
Boba Network competitors include listed companies like Progress Software and C3.ai, and private ones like Optimism, Ledger, Lukka and CertiK.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $45M | - | $1.6B | 36.7x | ||
| Private | $71M | - | $1.3B | 18.3x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
Boba Network Public Comps
Boba Network is still privately-owned, but its public comps include Securitize, Progress Software, C3.ai, Sharplink, OSL Group, Justsystems, Qt Group, HashKey Holdings, BitGo Holdings and Horizon Quantum.
| 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) | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
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Common questions about Boba Network
| When was Boba Network founded? | Boba Network was founded in 2018. |
| Where is Boba Network headquartered? | Boba Network is headquartered in San Francisco, CA, United States. |
| Is Boba Network publicly listed? | No, Boba Network is a private, VC-backed company. |
| What is Boba Network's valuation? | Boba Network was last valued at $1.5B in its Series A in April 2022. |
| How much funding has Boba Network raised? | Boba Network has raised $115M across 2 funding rounds. |
| What was Boba Network's last funding round? | Boba Network's last funding round was a $70M undisclosed-stage round in July 2025, led by Awaken Foundation and LDA Capital. |
| Who are Boba Network's investors? | Boba Network's investors include LDA Capital, Awaken Foundation and DeFi Technologies. |
| Which companies are comparable to Boba Network? | Companies comparable to Boba Network include Optimism, Ledger, Lukka, CertiK, Progress Software and C3.ai. |
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